Major Brands v. Diageo and Glazer's Trial Starts Today
FILED SEPTEMBER 15, 2014 After several months of respite, all eyes are back on Missouri this week as the case of Major Brands v. Diageo and Glazer's heads to trial in Missouri Circuit Court. The final hearing will determine the damages owed by Diageo, who you'll recall was indemnified by Glazer's - meaning Glazer's will have to pay up. Read More
Chopin's Quest to Prove There's More to Vodka than Smoothness
FILED SEPTEMBER 12, 2014 The deceleration of flavored vodka growth and whiskey's continual climb has forced some of the leading vodka brands into the red this year. In spite of this, the overall vodka category continues to grow -- sales were up 4.3% in all Nielsen-measured channels for the 4 weeks to August 16 -- driven by brands that have carved out a niche within the category. Read More
Will 2015 See the "Best Version" of Diageo?
FILED SEPTEMBER 11, 2014 "Diageo has been a company in transition for what now seems like nearly a decade and this coming year feels no different," writes Grupo Santander analyst Anthony Bucalo in a new report out this week analyzing the drink giant's current standing. Read More
Wild Turkey's Jimmy Russell Reflects on Bourbon's Evolution
FILED SEPTEMBER 10, 2014 As the longest-tenured, active master distiller in the world, Wild Turkey's Jimmy Russell hit quite a milestone in 2014: 60 years at Wild Turkey. Campari America has appropriately deemed 2014 "The Year of Jimmy Russell" and released a Wild Turkey Diamond Anniversary bourbon in his honor. Read More
Bev Alc Trade Groups: Current Funding for TTB Not Sufficient
FILED SEPTEMBER 9, 2014 The national beverage alcohol trade groups have petitioned Congress to fully fund the Obama Administration's $101 million request for the Alcohol and Tobacco Tax and Trade Bureau (TTB) in fiscal 2015. In a letter sent to the appropriations committee in the House of Representatives and Senate, the trade organizations -- including Wine Institute, DISCUS, WSWA and the Presidents Forum among others -- writes that the number of wineries, breweries and distilleries in the US has grown by 53.1% since 2007. Read More
Alert: William Grant Picks Up Drambuie
FILED SEPTEMBER 8, 2014 William Grant & Sons has acquired Drambuie, following multiple reports this summer linking the owner of Glendfiddich and Balvenie to the Scottish liqueur brand. Financial details were not disclosed, but previous reports indicated the MacKinnon family was seeking $170 million. Read More
Constellation Unpacks Trends and Opportunities for 2015
FILED SEPTEMBER 5, 2014 After years of soft growth, Constellation Brands has picked up the pace in recent years delivering depletion growth of 3.5% for its US wine and spirits portfolio in fiscal 2014. The company now sells more than 67 million cases of wine and spirits each year and represents nearly $3 billion in net sales. Yesterday, company cfo Bob Ryder expounded on the trends Constellation is betting on for fiscal 2015 at the Barclays Back to School Conference. Read More
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