Deirdre Mahlan Talks Value Brands, Millennials and Multiculturalism
FILED DECEMBER 2, 2016 In its transition to becoming a consumer-focused business, Diageo North America implemented a (relatively) new core strategy of putting the "right brands in the right occasions and at the right price," chief Deirdre Mahlan explained in an analyst call yesterday. Read More
New Zealand Wine Takes Top Spot on Wine.com's 2016 Top 10 List
FILED DECEMBER 1, 2016 Wine.com has released its annual list of the top 100 best-selling wines for 2016 - well, the first 11 months of it anyway. And New Zealand's Brancott Sauvignon Blanc is No.1, marking the first time a white wine or a New Zealand wine made it to the top. Read More
Remy Cointreau to Acquire Westland Distillery
FILED DECEMBER 1, 2016 Remy Cointreau has announced it will buy high-end single malt whiskey maker Westland Distillery. Read More
CT Distribs, Restaurants Refute Claims of Horizontal Pricing Agreement
FILED NOVEMBER 30, 2016 Connecticut wholesaler and restaurant trade groups have filed a joint motion to dismiss the lawsuit Total Wine & More filed against the state over its minimum pricing laws. You may recall, the groups were just recently allowed to intervene in the suit [see WSD 11-16-2016], and they're not wasting any time. Read More
Cameron Hughes "Actively Looking" for Financial Partner
FILED NOVEMBER 29, 2016 Cameron Hughes Wine is up for sale after being put in receivership last year by the Superior Court of San Francisco due to unpaid debts to Union Bank, as first reported by Wine Industry Insight. Read More
Cuervo IPO on Hold
FILED NOVEMBER 28, 2016 The Beckmann family, owner of Casa Cuervo, has pulled its $1 billion initial public offering from the Mexican stock exchange because of market uncertainty. The company will reportedly reevaluate the decision in January, reports Reuters. Read More
A Host of On-Premise Opportunities
FILED NOVEMBER 22, 2016 Alcohol on-premise consumption is becoming increasingly dependent on restaurant dining, creating a host of on-premise opportunities for wine and spirits. In fact, 67% of Americans dine out and have a drink every week, nearly double the number of Americans who go out just to have a drink (34%), according to a recent Nielsen CGA report. As a result, restaurants continue to grow in number and take share from neighborhood bars. Restaurants selling one or more categories of beer, wine and spirits has increased 18% over the last five years. Read More
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