Dear Client:Last week, we reported that Tim Hassett, the former head of Beam Suntory’s Americas region, filed suit against Beam Suntory for alleged breach of contract for “failure and refusal to pay … You are unauthorized to view this page. Username Password Remember Me Forgot Password
The canned wine category has really taken off in recent years. In 2018 canned wine sales were up a whopping 69% and volumes were up 47% in all Nielsen-measured channels. Though it is still growing off of a relatively small base.
The Americas is the largest market for Campari, accounting for about 43% of total growth. As such, Campari America has repositioned itself in the last four years to support growth in the region, from expanding its portfolio through acquisitions, fully aligning with Southern Glazer’s Wine & Spirits in 44 markets, moving its headquarters from San Francisco to New York to establishing itself as a leader in the spirits marketing space.
Diageo ended H1 with US sales up 4.7% on an organic basis. The US portfolio is “much healthier” now, according to chief Ivan Menezes, with Johnnie Walker and Ketel One Botanicals particularly doing well.
Proximo Spirits, Cuervo’s US subsidiary, has named Michael Keyes as president and ceo, effective February 4. Michael will be responsible for all operations and its affiliates in the US and Canada.
Last week we reported that direct-to-consumer wine sales reached a record-breaking $3 billion from more than six million cases in 2018, according to ShipCompliant’s annual DTC report [see WSD 01-23-2019]. DTC wine shipments account for 10% of total domestic off-premise wine sales.
In 2018, total spirits sales were up 3.1% and volumes were up 1.2% in all Nielsen-measured channels.
“The millennial is both the greatest opportunity for the wine business and the cohort at risk of disappointing on expectations tomorrow,” writes Rob McMillan, evp and founder of Silicon Valley Bank’s wine division in this year’s state of the union report.
In 2018, direct-to-consumers wine sales reached a record-breaking $3 billion from over six million cases of wine, an increase of 12% in value and 9% in volume, according to ShipCompliant’s annual DTC report.
Remy Cointreau kept the momentum going in Q3, with global organic sales growth up 8.7% for the three months ended December 31. As a result, global organic sales were up just over 8% for the nine month period.
Treasury Wine Estates announced last night that coo Robert Foye has left the company, effective immediately, “due to a breach of TWE’s internal policies unrelated to the company’s trading performance,” per a statement from TWE.
Total beverage alcohol consumption was down for the third consecutive year in 2018, with volumes down 0.8% to about 3.34 billion nine-liter cases, according to recent IWSR data. Total volumes were weighed down by beer declines.
Vermont-based WhistlePig Whiskey has announced a partnership with merchant bank BDT Capital Partners. As part of the new partnership, BDT invested in WhistlePig through a structured equity investment which includes a “significant” minority common equity stake, per a release. Full terms of the partnership were not disclosed.
The Supreme Court convened today to hear oral arguments in the case of Tennessee Wine and Spirits Retailers Association versus the Tennessee Alcoholic Beverage Commission and Total Wine & More over the state’s residency requirements. This case has garnered a lot of attention because it could potentially determine whether states have the constitutional right to discriminate against in-state and out-of-state retailers.
The year-end reports are beginning to trickle in, and according to BW166 data, consumer spending on total beverage alcohol was up around 5% to nearly $254 billion in 2018.
2019 could be the year we see federal marijuana legalization. Last week, Rep. Earl Blumenauer filed H.R. 420 to federally legalize cannabis, removing it from the Controlled Substances list. (And yes, labeling the bill 420–slang for cannabis consumption– is an intentional joke.)