BEERNET

Dear Client:   Pernod Ricard is on a hot investment streak. The company announced today that it has acquired a majority stake in Codigo 1530 Tequila, further bolstering its presence in the agave category. Financial details were not disclosed. Codigo 1530 is a former private label tequila created by Federico Vaughan and launched under its … Continue reading “Pernod Ricard Takes Majority Stake in Codigo 1530 Tequila”

Dear Client:   Top-five grocers Kroger and Albertsons announced today that they are working on plans for a potential merger, reports CNBC. Kroger– the second-largest grocer in the US behind Walmart– agreed to purchase No.4 Albertsons for $24.6 billion, pending regulatory approval.  Kroger currently makes up about 10% share of total dollars spent, while Albertsons … Continue reading “Kroger and Albertsons Chalk Up $24.6 Billion Merger Deal”

Dear Client:   After the chaos of the last two-plus years, it’s more difficult than ever to get a pulse on bev alc performance. Jon Moramarco, managing partner of BW166 and editor of the Gomberg-Fredrikson report sifted through some less conventional metrics to provide valuable insight on bev alc consumption during a recent webinar. BEV … Continue reading “Assessing the State of Bev Alc in a Tough Economy”

Dear Client:   When we last caught up with California-based Purple Brands, we focused on the company’s budding spirits portfolio [see WSD 10-19-2021]. Your editor recently chatted with ceo Aaron Webb for a wider conversation, detailing more about Purple Brands’ evolution, the wine business, and he teased more news on the spirits front.   Purple Brands … Continue reading “The Evolution of Purple Brands and Where They’re Headed Next”

Dear Client:   Bev alc retailers have been on a quest to secure the right to ship products across state lines in recent years. Retailers have been losing ground lately. Indeed, last month alone district courts shut down retailer shipping cases in Ohio and Rhode Island.  And earlier this year, Florida-based retailer B-21 Wines was … Continue reading “Florida Retailer Asks Supreme Court to Hear its Shipping Case”

Dear Client:   Browne Family Vineyards, part of the Precept Wine portfolio, is entering the spirits category with Browne Family Spirits Collection, WSD has learned.  WSD recently chatted with Browne Family Wines proprietor Andrew Browne to get the skinny on the company’s foray into spirits.  “We’ve opened a distillery in Spokane; we’re finally bringing it … Continue reading “Browne Family Vineyards Makes Foray into Spirits”

Dear Client:  Wine Market Council (WMC) recently hosted a webinar digging into Hispanic and African American consumers’ wine experiences and strategies to recruit them into the larger wine consumer base. MULTICULTURAL EFFORTS ARE “IMPERATIVE.” The presentation centered around research conducted in partnership with research firm Ethnifacts. Wine Market Council director of research Christian Miller kicked off … Continue reading “How Wine Can Build an Authentic Connection With Hispanic and Black Consumers”

Dear Client:   Constellation Brands reported total net sales up 12% for the second quarter ended August 31, largely due to strong growth from its beer business.  The company’s wine and spirits business contributed to overall growth as well, with net sales up 1% for the quarter, driven by premium wine and craft spirits brands … Continue reading “STZ Focused on Growing Omnichannel and International Footprint for W&S Biz”

Dear Client:  Ahead of the company’s earnings call this morning, Constellation Brands announced it has reached an agreement with The Wine Group to divest a handful of mainstream and premium wine brands, including Cooper & Thief, Crafters Union, The Dreaming Tree, Monkey Bay, 7 Moons, and Charles Smith Wines. No financial details were disclosed. This divestment … Continue reading “Constellation Divests Handful of Wine Brands to The Wine Group”

Dear Client:   Blue Run Spirits is nearly two years old, and this year they’re on track to reach 50,000 six-pack cases and about $15 million in gross revenue, ceo and co-founder Mike Montgomery tells WSD. And they’re growing faster than expected.  To support future growth, yesterday the company announced it has struck a strategic … Continue reading “Blue Run Spirits Strikes Financing Deal to Support Growing Demand”

Dear Client:  Ste. Michelle Wine Estates is shaking things up. For one, current president and ceo David Dearie is leaving the company “to move closer to his family and pursue his other interests,” per release. The company has also aligned itself into three commercial divisions – Washington, Oregon, and California. Each will be “supported by shared … Continue reading “Ste. Michelle Announces Reorg; Current Chief Stepping Down”

Dear Client:  The current inflationary environment has put pricing trends and strategies front and center. In the on-premise, spirits pricing is up mid to high single digits across all categories, according to CGA’s BeverageTrak data. Overall, the average price for spirits is up 6% in the on-premise for the 12 weeks through September 17 compared to … Continue reading “CGA: On-Premise Spirits Pricing Up Mid to High Single Digits”

Dear Client:  Today Bacardi announced a spate of leadership changes, including a new president for North America. Current regional president for North America Pete Carr is taking on the newly created role of evp and global growth officer. In this role, Pete will be responsible for commercial excellence and strategy, route-to-market models, digital commerce, and on-trade … Continue reading “Bacardi Announces New President for North America”

Dear Client:   Another retailer shipping lawsuit was struck down this week, this time in Rhode Island.  You may recall, the lawsuit was filed by Rhode Island residents as part of the slew of retailer shipping cases that cropped up after the Total Wine v. Tennessee Supreme Court ruling in 2019. The residents challenged the … Continue reading “District Court Strikes Down Another Retailer Shipping Suit”

Dear Client:   The Duckhorn Portfolio ended its fiscal year with net sales up 10.7%, with “great momentum on both the top and bottom line,” said chief Alex Ryan on yesterday evening’s earnings call.  Net sales were also up around 10% for the fourth quarter ended July, “reflecting solid volume growth,” led by Duckhorn Vineyards … Continue reading “Duckhorn Plans to “Aggressively Pursue” Distribution White Space”