More Color from Constellation Call; Penn Lege Passes Privatization Bill
FILED JULY 1, 2015 Along with the announcement that it would purchase the Meiomi brand from Copper Cane & Provisions, Constellation delivered its first quarter results for fiscal 2016 this morning. Its wine portfolio has had some challenges in recent quarters, but things are looking up in 2016. During the first quarter, Constellation improved depletions (sales to retailers) and consumer takeaway trends in wine and delivered "excellent" sales and depletion growth trends for spirits. The division's depletions were up 3.5% overall. Read More
Alert: Constellation Acquired Meiomi
FILED JULY 1, 2015 Constellation Brands has acquired Meiomi, one of the hottest luxury wine brands of the last few years, from Copper Cane LLC, the Wagner Family Wine spinoff owned by Joe Wagner. Meiomi Read More
Deirdre Mahlan to Replace Larry Schwartz at Diageo
FILED JUNE 30, 2015 Diageo has made a number of organizational changes following the announcement that Larry Schwartz, president North America will retire by the end of this calendar year. The big announcement is that Deirdre Mahlan, currently cfo, has been appointed president Diageo North America. Her replacement will be announced in due course and until that time she will continue in her current role as cfo of Diageo. Read More
PA Closer to Privatization than Ever Before (Could this be it?)
FILED JUNE 29, 2015 Somewhere out there former Pennsylvania governor Tom Corbett is crying into his beer, or spirits as it were, because Pennsylvania legislators may have finally come to an agreement on a privatization measure, but current Governor Tom Wolf is not interested. Read More
Bernstein Analyzes Hypothetical 3G-Diageo Deal
FILED JUNE 26, 2015 Earlier this month a Brazilian newsweekly stirred up a lot of commotion when it reported investment firm 3G Capital Partners LP, the largest shareholder of Anheuser-Busch Inbev, was considering a takeover of Diageo [see WSD 06-08-2015 ]. The consensus among industry analysts and experts is that yes, 3G probably did do an assessment of a Diageo acquisition, but this takeover seems like a long shot. Read More
A Look at Southern's new ACES Division
FILED JUNE 25, 2015 Control state markets can be challenging for any size brand much less the smaller craft brands most of which only a handful of employees. In order to work with some of those smaller brands, Southern Wine & Spirits created its first craft broker operation in North Carolina called The Artisanal, Craft and Estate Sales (ACES) division. ACES opened its doors in January and as of this month, it has 35 suppliers signed on and is in ongoing talks with another 25. Read More
Wal-mart Battle Heats Up in Texas
FILED JUNE 24, 2015 Following the death of a bill that would allow Wal-Mart (and other public companies) to sell spirits in Texas, Wal-Mart and the Texas Alcoholic Beverage Commission (TABC) are back in court. The TABC has motioned to dismiss Wal-Mart Read More
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