Dear Client:   Cannabis research and analytics firm BDSA recently presented its latest findings on the global cannabis market, with global legal sales expected to grow 10% in 2022. By 2026, the global cannabis market will reach almost $57 billion, up from $33 billion this year– a CAGR of about 14%.  The US makes up … Continue reading “As US Legal Cannabis Market Matures, Sales Momentum Diverges”

Dear Client:   Today WineAmerica released the 2022 National Economic Impact Study of the Wine Industry conducted by John Dunham & Associates, showing that the wine industry will generate more than $276 billion for the US economy in 2022. Below are a few more key points from the study.    Breaking down the economic impact: the … Continue reading “Wine Industry Generates More than $276 Billion in Economic Activity”

Dear Client:   Table wine sales were down about 1.6% and volumes were down 5.4% for the four weeks ended September 4 in all IRI-measured channels. (Note, that includes all but the Monday of Labor Day weekend.) Year-to-date, table wine sales are down 4.4% and volumes are down nearly 8%. Clearly, wine trends have been … Continue reading “IRI: These Wine Brands are Up Double Digits, While Wine Overall is Still in the Red”

Dear Client:   A little more than a year ago, Altria sold Ste. Michelle Wine Estates to private equity firm Sycamore Partners Management for $1.2 billion [see WSD 07-09-2021]. Then earlier this month SMWE made its first acquisition since being acquired itself, scooping up Oregon-based A to Z Wineworks [see WSD 09-07-2022].  Your editor got … Continue reading “SMWE Chief on A to Z Acquisition and the Growth Potential of OR Wine”

Dear Client:   In a note last month, Bernstein analysts said the three months through June was the “worst 3m period for volume trends in NABCA since early 2009,” [see WSD 08-10-2022]. They reiterated that statement for the three month period through July in a note out last week. But in recent earnings reports, big … Continue reading “Bernstein: The Disconnect Between Scan Data and Supplier Earnings”

Dear Client:   This week another retailer shipping case was shut down. US District Judge Sarah Morrison granted the state of Ohio’s motion for summary judgment against an out-of-state retailer that challenged the Buckeye State’s bev alc retailer shipping rules.  HOW WE GOT HERE. Illinois-based retailer House of Glunz along with two Ohio residents filed … Continue reading “Judge Finds Ohio’s Retailer Shipping Rules as “Legitimate” and “Non Protectionist””

Dear Client:   Vintage Wine Estates ended its first full fiscal year as a public company with revenues up 33%. Similarly, revenues were up 32% year over year for the fourth quarter ended June 30.   “Revenues came in as expected for the quarter and the year with strong results in both direct-to-consumer and B2B,” said … Continue reading “DTC and B2B Biz Boosts Vintage Wine Estates’ Full Year Results”

Dear Client:  Last month Campari acquired an initial 15% interest in Howler Head Kentucky Straight Bourbon Whiskey with Natural Banana Flavor for $15 million, with the option to fully acquire the brand in the next few years [see WSD 08-24-2022]. That deal led us to wonder what the flavored whiskey market in the US looks … Continue reading “Grokking the Flavored Whiskey Market”

Dear Client:   Today Southern Glazer’s Wine & Spirits shared findings from its 2022 Liquid Insights Tour, which the wholesaler describes as a coast-to-coast educational initiative to explore and identify the latest cocktail and wine trends on-premise.  “Our driving purpose for conducting the Liquid Insights Tour was to uncover innovative beverage trends and experiences across … Continue reading “SGWS Shares Top 10 On-Premise Wine & Cocktail Trends”

Dear Client:   As we lurch forward into the digital age, connecting with consumers in newer formats is more important than ever. And the market is ripe for the picking, with global e-commerce alcohol sales projected to hit $42 billion by 2025, according to IWSR projections. At the Bar Convent Brooklyn Conference this summer, a … Continue reading “How These Non-Traditional Bev Alc Players Leverage Post-Pandemic Channel Shift”

Dear Client:   This week execs from major CPG companies took the stage at the 2022 Barclays Global Consumer Staples Conference. Your editors tuned into fireside chats with Brown-Forman, Constellation Brands and Duckhorn. B-F BRASS SHARES MORE COLOR ON GIN MARE ACQUISITION AND HOW THE PORTFOLIO HAS EVOLVED Earlier this week, Brown-Forman announced the acquisition … Continue reading “B-F Brass on How Gin Mare Acquisition Fits into Evolving Portfolio”

Dear Client:  Ste. Michelle Wine Estates has acquired Oregon-based A to Z Wineworks, marking the first strategic acquisition for SMWE since being acquired itself by private equity firm Sycamore Partners, per release. Financial details were not disclosed. This acquisition gives SMWE a “substantial presence” in Oregon, alongside Ste. Michelle’s Erath Winery. A to Z was established in … Continue reading “Ste. Michelle Buys A to Z Wineworks”

Dear Client:  Earlier this year Wine & Spirits Wholesalers of America chief Michelle Korsmo left the organization to head up the National Restaurant Association [see WSD 02-15-2022]. The WSWA search committee has found a replacement, WSD has learned. Francis Creighton will take on the president and ceo role, joining WSWA as a full time member … Continue reading “WSWA Names Francis Creighton New CEO”

Dear Client:   Diageo announced today that Gregorio Gutierrez has been appointed president US spirits, succeeding former head of US spirits Claudia Schubert as she takes on the role of North American president [see WSD 07-12-2022]. Gregorio will begin transitioning into the role throughout September and October and will be based in New York beginning … Continue reading “Diageo Names New President US Spirits”

Dear Client:  Brown-Forman announced this morning it has reached an agreement to purchase the Gin Mare brands from Vantguard and MG Destilerias for an undisclosed sum. Gin Mare, a Mediterranean-inspired gin, was founded in 2010 by the Giro Family of MG Destilerias and Alfonso Morodoand Antonio Pardo of Vantguard. The ultra-premium gin is sold in more … Continue reading “B-F Acquires Gin Mare Brands”