Republicans Ready for Tax Reform, But Will Excise Taxes be Included?
FILED AUGUST 22, 2017 Republican lawmakers are officially shifting focus to federal tax reform, and they pinky swear it will be easier to pass than the healthcare overhaul, per Market Watch. This could be good news for the Craft Beverage Modernization and Tax Reform Act of 2017 that was created to reduce the federal excise taxes for wineries, distilleries and breweries. Read More
Readers Sound Off on 2017: "Could be Better, Could be Worse"
FILED AUGUST 21, 2017 With all the reports about a macro CPG category slowdown this year, your editors took the opportunity to reach out to our Truth Squad to gauge how their respective businesses are doing this year. Based on this very small survey size, the grade for 2017 so far is a B. Here's what a few members of our Truth Squad reported: Read More
Category Growth "Definitely Slower" in 2017
FILED AUGUST 18, 2017 2017 has not been a year for the record books thus far. Not for alcohol, not for the larger CPG category. Things started to slow in November 2016, and although category performance did recover some once we got into 2017, growth is "definitely slower than what it was," Nielsen's Danny Brager tells WSD, adding that it's hit all categories and price points. Read More
TWE FY2017: Americas Biz is Stalwart, US Still a Work in Progress
FILED AUGUST 17, 2017 Delivering a healthy 10% increase in sales, Treasury Wine Estates' Americas division is one of its strongest regions, but its US business was still in the "fixing" phase for fiscal 2017, according to leadership's commentary in last night's full-year earnings call. Read More
Alert, Gallo to Buy American Brandy Pioneer Germain Robin
FILED AUGUST 16, 2017 Talk about news we didn't see coming. E&J Gallo has acquired California's Germain-Robin brand, one of the pioneers of the American brandy category. Under the terms of the agreement, Gallo gets the Germain-Robin brand, the inventory of brandies and all finished goods, per a release. Terms of the transaction were not disclosed. Read More
Duckhorn Acquires Calera Wine Co.
FILED AUGUST 15, 2017 TSG Consumer Partners subsidiary Duckhorn Wine Co. has acquired highly acclaimed Calera Wine Co. in California's Central Coast. The sale includes the winery, tasting room, inventory and Calera's estate vineyards: Selleck, Jensen, Reed, Mills, Ryan and de Villiers in the Mt. Harlan AVA, totaling about 85 acres. No transaction details were disclosed. Read More
Beer, Spirits go Toe-to-Toe for Value Share On-Premise
FILED AUGUST 15, 2017 For the year through June 17, on-premise spirits sales were once again at the top of the pack at 3.1%, followed by wine at 2.3% growth and beer, which declined 1.5%. Read More
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