WSJ: Bill Newlands and Others Leaving Beam
FILED APRIL 18, 2014 The Wall Street Journal is reporting that three executives have signaled their "intention to resign" from Beam Inc. in the wake of the Suntory Holdings acquisition. Bill Newlands, president of the North American region and cfo Bob Probst will resign effective May 31, and corporate controller Leo Mierzwicki is resigning as of July 10. Read More
3-Liter Boxed Wine Trends Soar in 2014
FILED APRIL 18, 2014 In perusing the latest IRI data, we noticed that 3-liter boxed wine has been one of the standout performers in 2014. For instance, sales for the category are up 14.6% and volumes grew 11.4% year-to-date through March 23 in all IRI-measured channels. As a result, the category has grown its dollar share 0.24 points to represent nearly 3 points of the wine category. As for volumes, the category holds about 4.6 points and gained 0.37 points. Read More
Remy Cointreau, Diageo see Growth in Americas Amid Emerging Markets Slump
FILED APRIL 17, 2014 On a macro level, Remy Cointreau's fourth quarter was largely a continuation of the struggles in the third quarter as trouble in China persisted. As a result, the group's global organic sales plunged 11% for the year ended March 31. But on the bright side, Remy's Liqueurs and Spirits division delivered 9.3% growth for the year in the Americas. Read More
The Spirits Categories Bucking Premiumization, Craft Trends On-Premise
FILED APRIL 16, 2014 We regularly report on overall wine and spirits trends on-premise. As such, you're likely familiar with the fact that brown spirits are hot and so is craft, premiumization is going strong and fine dining is the healthiest channel. However, Guest Sciences chief Bill Pecoriello --- recall, GuestMetrics and Restaurant Sciences merged to form Guest Sciences --recently gave a presentation at the Vibe conference that dug into these trends and teased out some interesting idiosyncrasies. Today, we'll look at: which spirits categories specifically are driven by premiumization, in which day-parts each category is the strongest, and the amount of share craft spirits take up in each category. Read More
Campari to Acquire Averna Liqueur for $143 Million
FILED APRIL 15, 2014 Campari has signed an agreement to acquire Fratelli Averna S.p.A., the owner of Averna, an Italian bitter, along with the Braulio, Limoncetta and Grappa Frattina brands. The latter marks Campari's entrance into the grappa category. Read More
Wine Opinions: Craft Beer and Wine Similar, But Not Competitors
FILED APRIL 14, 2014 Traditionally, alcoholic beverage consumers tend to be more brand loyal in the beer and spirits categories, while consumers in the highly-fragmented wine category tend to put more value on style and experimentation. However, as craft beer grows in popularity, industry experts have noted this segment of the beer category is beginning to operate more like the wine category. Based on this assumption, Wine Opinions recently conducted a survey of 1,000 high-frequency wine drinkers in order to learn about their beer consumption habits. Read More
Part II: How Wirtz Stays Ahead of the Curve
FILED APRIL 11, 2014 Yesterday, we published the first part of an interview with Rocky and Danny Wirtz of Wirtz Beverage Group (see WSD 04-10-2014). Today, we'll continue that conversation right where we left off as we discuss the wholesaler's position on consolidation, the retail tier and its greatest challenges. Read More
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