Dear Client: Cannabis was a hot topic among suppliers and state alcohol regulators at the NABCA conference this week in Florida. It seems you can’t attend any industry conference and not have a session on cannabis, where it’s headed and the impact on beverage alcohol (including our own annual Summit). NABCA put together a … Continue reading “Branding & Consolidation Ahead for the Cannabis Industry”
After a 5-year boom ready-to-drink spirits, such as Smirnoff Ice and Bacardi Breezer, are seeing a decline in the UK along with Red Bull and Lucozade Sport energy drinks. In 2005-2009 slow growth is projected in the drinks market with wine expected to do best along with soft drinks. The beer sectors, especially dark beers, … Continue reading “RTD SPIRITS WITNESS DECLINE IN UK”
The annual Food from Britain Export Awards, held at The Savoy in London, awarded St. Peterâ€™s Brewery with the Drinks Exporter of the Year title. â€œWe have put a great amount of effort into exporting,â€ said Colin Cordy, managing director at St. Peterâ€™s Brewery. St. Peterâ€™s supplies its extensive stock of beers and ales to … Continue reading “ST. PETER’S BREWERY GAINS RECOGNITION”
After working together for 28 years, U.S. distributor Paterno Wines International and Italian wine producer Pio Cesare have agreed to part ways. Paterno claimed they were â€œproudâ€ to have imported Pio Cesare, a premium wine from the Piedmont valley, into the United States and called the decision an â€œamicable separation.â€
Michigan Governor Jennifer Granholm passed a law to overturn out-of-state direct shipment bans yesterday and now allows all in-state and out-of-state wineries to send up to 1,500 cases a year to residents. However, the state attorney general believes it may not stand up in Michigan court.
Vergelegen wines of Stellenbosch, South Africa won the 2005 New World Winery of the Year Award from Wine Enthusiast Magazine marking the first award for South African wines and the New York trading company 57 Main Street Imports. Main Street Imports are the exclusive U.S. importers of Vergelegen, and are â€œproud to represent Vergelegen, and … Continue reading “WINE ENTHUSIAST COMMENDS VERGELEGEN WINES”
93% of Coopers Brewery shareholders voted in favor of removing Lion Nathanâ€™s pre-emptive share purchase rights today, dealing a serious blow to the Australian companyâ€™s acquisition plans. Coopers managing director Tim Cooper said, â€œWe would not have thought there is merit pursuing us in further litigation. The shareholders are very happy for us to be … Continue reading “IT’S FINAL: COOPERS SHAREHOLDERS SAY NO”
According to Yves Benard, president of the trade group lâ€™Union des Maisons de Champagne, Champagne sales are expected to rise by 1.5% in volume and 3% to 4% in value in 2005 on the previous year. YTD sales should be between 300m and 310 m bottles.
Mark Sherrington, SABMillerâ€™s marketing director, is set to leave the company after three years to pursue other ventures. A spokesman said, â€œThe plans to find a successor are taking place and Mark intends to stay in place until a successor is found.â€
As was widely expected, Fortune Brands reported a 59% drop in Q3 earnings with a stock that has risen almost 3 dollars a share. The decline resulted from the companyâ€™s one-time purchase of many spirit and wine brands, including Makerâ€™s Mark bourbon, Sauza tequila and Courvoisier Cognac. Spirits and wine, led by Jim Beam bourbon, … Continue reading “FORTUNE’S Q3 EARNINGS.”
The wine industryâ€™s innovative marketing and packaging techniques have helped boost sales to an impressive yearly rate of 8.4%. In 2004, wine sales were up 4.3% in retail stores, a percentage that more than doubled the 2% sales gained in the beer market. Consumers are now more willing to experiment with wine, a change fueled … Continue reading “BOX WINE MANIA”
It looks like France isnâ€™t so different from the U.S. after all. The European country is facing a similar problem with their wine as compared to the United States beer market. While Americans are turning to wine and liquor as a substitute for beer, the Frenchies are increasingly replacing wine with beer and spirits. Ironic, … Continue reading “WINE DECLINE IN FRANCE”
The Australian group, Barokes, will soon give South Africans the option to drink wine out of a can. Their innovative, patented packaging offers â€œstability and longevityâ€ and is meant to target younger generations who generally prefer canned beverages according to Greg Stokes, the inventor of Vinsafe technology along with Steve Barics. Barokes is currently in … Continue reading “CAN YOU CAN WINE? YOU CAN”
Yesterday, Vincor failed to accept Constellationâ€™s bid of $26.45 per share made earlier this week. Constellation, however, refuses to increase their proposal. â€œThereâ€™s no reason to sweeten the bid,â€ says Richard Sands, Constellationâ€™s CEO and chairman. He hasnâ€™t heard of any other company interested in buying Vincor and believes they are â€œplaying a dangerous game.â€
A Commonwealth Court halted the Pennsylvania Liquor Control Boardâ€™s order to ban direct wine shipments. The ruling was supposed to go into effect November 1 but was stopped when the Pennsylvania Wine Association requested a restraining order that was granted on Monday. State winery owners claim that barring shipments during the holiday sale season would … Continue reading “PENNSYLVANIA WINE BANS OUT THE WINDOW”
Market Watch has named Patron â€œSpirits Brand of the Year,â€ describing the brand as having â€œunprecedented successâ€ in the US. The magazineâ€™s annual â€œLeaders Choice Awardsâ€ polls approximately 200 of the largest retailers in the US to choose one spirit brand, one beer and one wine. â€œBack in 1989 when PatrÃ³n was first introduced to … Continue reading “PATRON WINS “SPIRITS BRAND OF THE YEAR.””