SVB: Something "is changing" in the Wine Biz
FILED JANUARY 19, 2018 Despite some one-off recessionary years where US wine consumption took a dive, the long-term volume trends for the wine category have consistently increased. In 1979 US consumers drank just over 300 million gallons annually, and now its much closer to 800 million gallons. Read More
Beam Accuses Former Exec of Sharing Trade Secrets
FILED JANUARY 18, 2018 Beam Suntory is taking Rudy Costello, its former vp and general sales manager, to court for allegedly violating a confidentiality and non-compete agreement he made last year. Read More
Pernod Completes Avion Acquisition
FILED JANUARY 17, 2018 Pernod Ricard USA has completed an acquisition of the remaining stake it did not already own in Tequila Avion. Pernod began a joint venture with Tequila Avion in 2011, before increasing its stake to a majority in 2014. Read More
DTC Sales Set to Break Records Again
FILED JANUARY 15, 2018 In 2016, direct-to-consumer wine sales hit $2.3 billion and preliminary numbers show 2017 was yet another record breaking year in revenue. ShipCompliant is set to reveal its annual DTC report later this week, but they gave us a sneak peek of what will be in it. Read More
Off-Premise Sales Growth Outpaces On-Premise in 2017
FILED JANUARY 12, 2018 In yesterday's issue, we focused primarily on wine trends in 2017 [see WSD 01-11-2018]. Today we'll dig a little more into spirits trends, which reported healthy volume growth (more than wine and beer), and where things stand in the on and off-premise channels going into 2018. Read More
Alcohol Spending Hit $241.8 Billion in 2017
FILED JANUARY 11, 2018 The numbers are starting to come in for 2017, and thus far, beverage alcohol trends seem to have been lukewarm, depending on who you ask. Read More
IL Appeals Court to Hear Retailer Shipping Case Next Month
FILED JANUARY 10, 2018 The state of Illinois and an Indiana retailer will soon get another chance to present their arguments for and against Illinois' direct-to-consumer shipping laws during an appeal hearing set for February 16. Read More
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