Dear Client:   Today, Constellation Brands announced it has acquired Paso Robles-based My Favorite Neighbor LLC, which includes Booker Vineyard, My Favorite Neighbor and Harvey & Harriet wine brands. You may recall, Constellation took a minority stake in Booker, a super-luxury, direct-to-consumer focused portfolio in 2020 [see WSD 07-16-2020]. As part of the agreement, My … Continue reading “Constellation Fully Acquires Booker Vineyard”

Dear Client:   Yesterday, ReserveBar announced it has agreed to acquire Minibar Delivery for an undisclosed sum [see WSD 11-08-2021]. ReserveBar ceo and co-founder Lindsay Held and president Derek Correia gave WSD more color on the deal and the company’s outlook for the future.  MORE COLOR ON THE MINIBAR DEAL. We wondered how long they … Continue reading “ReserveBar Brass Talks Minibar Deal, ‘E-comm Everywhere’ Strategy & More”

Dear Client:Some consolidation this morning in the e-commerce sector. ReserveBar announced this morning that it has agreed to acquire Minibar Delivery. This acquisition “accelerates ReserveBar’s expansion of its retailer fulfillment network and planned introduction of on-demand delivery capabilities,” per release. Financial details were not disclosed. Minibar was founded in 2014 and has built a retail network of … Continue reading “ReserveBar to Acquire Minibar Delivery”

Dear Client:  It’s “common wisdom” right now that many of the current supply chain challenges we’re facing are a result of the pandemic, but “this crisis began long ago,” said Agriculture Transportation Coalition executive director Peter Friedmann during a webinar yesterday hosted by the Distilled Spirits Council. Indeed, “COVID exacerbated some long standing challenges and self-inflicted … Continue reading “Some Supply Chain Challenges Only Exacerbated by COVID”

Dear Client:  The Wine Group (TWG) announced today it has entered into a strategic partnership with MPL Brands NV, owner of fast-growing wine-based ready-to-drink brand Rancho La Gloria. TWG will now exclusively represent Rancho La Gloria in the US. Terms of the deal were not disclosed. As part of the agreement, TWG has made a minority … Continue reading “The Wine Group Takes Minority Stake in Rancho La Gloria Owner”

Dear Client:  Maryland-based Sagamore Spirit has appointed industry veteran Michael Misiorski as its new ceo, effective September 1, WSD has learned. He has more than three decades of industry experience, previously working at Bacardi, Stoli Group USA, and most recently Edrington. Michael tells WSD the opportunity at Sagamore “seemed like it was ticking all the boxes … Continue reading “Sagamore Spirit Taps Industry Veteran as New CEO”

Dear Client:   In January 2020 Anheuser-Busch InBev’s Canadian subsidiary, Labatt Breweries, acquired British Columbia-based Goodridge & Williams distillery, the makers of Nutrl vodka and vodka soda RTDs. Now, A-B is bringing the Nutrl Vodka Seltzer to the US.  Your editor recently caught up with Monica Mody, vp of marketing for A-B’s Beyond Beer division, … Continue reading “A-B Brings Canada’s No.1 Vodka Soda RTD, Nutrl, to the US”

Dear Client:  Good news on the tariffs front. Over the weekend, the US and European Union reached an agreement at the G20 Summit to resolve the steel and aluminum trade dispute, thus removing the retaliatory tariffs on US goods, including whiskey. The EU initially implemented the 25% tariff on American whiskey and other US goods in … Continue reading “US and EU Resolve Steel and Aluminum Trade Dispute, Ending Retaliatory Tariffs”

Dear Client:  Supply chain constraints plus tough comps hampered Grupo Cuervo’s Q3 performance. Volumes were down 2% and net sales were down nearly 8% for the third quarter ended September 30. However, the company is still growing ahead of 2019, with volumes up 23.5% and net sales up 36.6% over Q3 2019. Results were up high … Continue reading “Supply Constraints + Tough Comps Equals “Challenging” Q3 for Cuervo”

Dear Client:  Supply chain issues leading to shortages of products across industries–including wine and spirits–has increasingly made headlines in recent weeks as we get closer to the holidays.  WHAT INDUSTRY MEMBERS ARE SAYING. While there are issues all across the supply chain, for wine and spirits, glass supply and shipping seem to be the main sticking … Continue reading “Let’s Talk About the Supply Chain”

Dear Client:  The holiday season is a critical part of the year for wine and spirits. “Wine and spirits share of total beverage alcohol off-premise rises significantly during the winter holidays,” said Danny Brager, of Brager Beverage Alcohol Consulting, during a webinar yesterday hosted by the Wine & Spirits Wholesalers of America (WSWA). Wine’s dollar share … Continue reading “Despite Headwinds, Signs Point to “Extraordinarily Strong” OND”

Dear Client:  As expected, Grupo Campari was able to keep its momentum going in Q3, with global net sales up 12.8% on an organic basis for the third quarter ended September 30, despite a tough comp. Compared to Q3 2019, net sales were up 27.3%. For the first nine months of the fiscal year, global net … Continue reading “On-Prem Reopening Plus At-Home Consumption Drives Campari’s Q3 Sales”

Dear Client:  Kentucky continues to be a popular state for major investment. You may recall, an economic impact report released in 2019 said that $2.3 billion in capital projects from the Kentucky distilling industry—including new distilleries, warehouses and tourism centers—were expected to be completed or planned by 2022 [see WSD 02-08-2019]. You may also recall that … Continue reading “2021 Kentucky’s “Best Year” for Economic Development”

Dear Client:   Remy Cointreau reported global organic sales growth of 52% for the first half of its fiscal year ended September 30. Q2 sales grew ahead of expectations, up nearly 27% on an organic basis – which is almost 20% higher than two years ago for the quarter, “so well above pre-pandemic levels,” noted … Continue reading “Remy’s Q2 Performance “Better than Expected,” Set Up for Strong FY”

Dear Client:   Pernod Ricard kicked off its fiscal year with global sales up 20% on an organic basis for the first quarter ended September 30.  Helene de Tissot, evp for finance operations and IT, said on this morning’s earnings call that they experienced “a very dynamic start in all regions with robust demand and … Continue reading “Pernod Sees “Robust Demand and Strong Shipments” Ahead of the Holidays”