Dear Client: Cuervo kicked off its fiscal year with solid improvement in the US & Canada, but that growth was offset by declines in Mexico and the rest of the world. Cuervo’s total volumes were down 4.4% and net sales were down 6.5% for the first quarter ended March 31. A NEW CFO. Before we … Continue reading “Tequila, RTDs Drive Improvement for Cuervo’s Q1 US Results”
California-based Inman Family Wines, located in the Russian River Valley area of Sonoma, said earlier this week that it will now refer to its Olivet Grange Vineyard wine by the acronym OGV. This is the second winery we’ve written about this week to take the acronym route (Don Sebastiani’s Screw Kappa Nappa was the other), … Continue reading “SMALL WINERY LOSES BATTLE WITH FOSTER’S”
Constellation considerably lowered it fiscal 2008 outlook today, and said it expects net sales to fall by 12 to 14% during fiscal 2008. Primarily, Richard Sands blamed the new outlook on two key factors: the U.K wine market as affected by the Australian oversupply, and a new operating decision to reduce distributor inventory levels in … Continue reading “CONSTELLATION LOSES OUT IN FISCAL ’08”
Pernod’s Stolichnaya ultra-luxury vodka was awarded a 97 point rating and a platinum medal by The Beverage Testing Institute (BTI). Congrats! You are unauthorized to view this page. Username Password Remember Me Forgot Password
Chilean winery Vina Concha Y Toro, the country’s largest wine exporter, was down $30 million in 2006 net profit according to its securities filing with local securities regulator SVS. Sales were up 5%, while operating profit was down 4.4%. Apparently, the company is suffering at the hands of a relatively strong peso exchange rate.According to … Continue reading “CHILE’S LARGEST WINERY LOSES PROFIT”
Diageo is launching a new advertising campaign for $200-a-bottle Johnnie Walker Blue Label. And who will be its first target? People who attend New York City galleries in search of the latest and hottest drink, averaging around 30 years old and making over $75,000 a year. The company currently sponsors about 100 gallery openings and … Continue reading “NOT TO BE OUTDONE,”
In our opinion, wine and spirits have led the alcohol industry in packaging innovation, and some may even go so far as to say that spirits in particular were the pioneers. In this case, Jack Daniels is no exception. The Jack Daniel Distillery has unveiled its new Gentleman Jack Rare Tennessee Whiskey bottle that the … Continue reading “GENTLEMAN JACK ENTERS THE MARKET”
The infamously innovative Sonoma-based Don Sebastiani & Sons are introducing a new package for their hit Screw Kappa Napa brand, which has jumped double digits in sales growth since its introduction in 2001. The new label is clean, sleek, and yes, orange. But the change in title may be the biggest image modifier of all. … Continue reading “SCREW KAPPA NAPA VIES FOR AN ACRONYM”
As we’ve already heard, Tesco is planning to develop its Fresh & Easy Neighborhood Markets in California, Arizona and Nevada. The latest development? Colorado. Based on a story in Fortune magazine, CSN reports that while plans to enter Colorado appear in the works, the company is currently denying them. But, now, why would they tell … Continue reading “RUMORS OF TESCO ENTERING COLORADO”
In a statement to the Australian Stock Exchange yesterday, Evans & Tate outlined the latest takeover bid from U.S.-based Yarraman winery, to which the Australian wine group has given a “tentative” agreement. [Ed. note: Both wineries were adversely affected by the Australian and U.S. grape gluts, respectively, and are now trying to piece together their … Continue reading “EVANS & TATE REVEALS LATEST TAKEOVER BID”
The old world is making a comeback after years of new world success, with France benefiting the most. Already, Italy was named as the United State’s top importer, with France coming in at number three and Australia sandwiched between. Last year’s surge in French global wine and spirits sales indicated a recovery of post 9/11 … Continue reading “FRENCH WINE MAKES AN ASTOUNDING COMEBACK”
Traditionally, the United Kingdom has been one of the largest export markets for all wine-producing countries, namely because (1.) They love wine, and (2.) They can’t really grow any vines. However, ACNielsen figures reveal that wine sales grew just 2.1% last year in the U.K., but remained static in volumes sales. The average bottle of … Continue reading “U.K. INDUSTRY ALARMED AT SHRINKING WINE CONUMPTION”
Despite continued speculation surrounding a possible acquisition of U.K. distiller Whyte & Mackay by India’s UB Group, the British distiller is making deeper inroads into the U.S. Gemini Spirits & Wine announced a distribution deal earlier this week with Whyte & Mackay despite their somewhat irregular presence in the U.S. in the past.Owned by U.S. … Continue reading “WHYTE & MACKAY MOVES INTO THE U.S.”
In commenting on the full-year guidance, Norm Wesley, chairman and CEO stated: “2006 was an excellent year for Fortune Brands.â€The company achieved its quarterly and full year target, and was especially helped by the wine and spirits business (Beam Global), which offset losses by home and hardware.“The benefits of our wine and spirits acquisition accelerated … Continue reading “NORM WESLEY: 2006 WAS AN EXCELLENT YEAR”
Washington state will likely expand Sunday liquor sales to more stores after a successful experiment showed a huge increase in sales. Over the last 16 months, 20 state-run stores and 38 contract stores run by private vendors have been keeping Sunday hours, noon to 5 p.m., which has resulted in a projected $18.5 million in … Continue reading “SUNDAY SALES A HIT IN WASHINGTON”
Four Roses Yellow Kentucky Straight Bourbon Whiskey will be featured in Rocky Balboa during a scene between Rocky and his brother-in-law, Paulie, who has appeared in all six Rocky movies.“I remember Four Roses growing up. It was my grandfather’s favorite drink,†said Sylvester Stallone in a press release issued by the company. Four Roses was … Continue reading “FOUR ROSES YELLOW FEATURED IN ROCKY BALBOA”
