Daily Archive: May 4, 2011
Ad spending on spirits and wine in the U.S. market increased in 2010, reversing a downward trend inflicted by the recession, according to data from Kantar Media and Impact Databank. Spirits outlays rose by 3% to $428 million, while wine spending eked out a 0.2% gain to $80 million. Continue reading →Posted in News on May 4, 2011
Anheuser-Busch InBev sold less beer in the first quarter of 2011 than in the year-earlier period, but price hikes in its key markets spurred solid revenue and operating profit growth. Continue reading →Posted in News on May 4, 2011
Foley Family Wines is set to bring another property into its fold with the acquisition of Martinborough, New Zealand’s Te Kairanga, a luxury producer known for Pinot Noir. Te Kairanga produces around 70,000 cases annually and owns or leases about 100 hectares (247 acres) of what Foley calls ultra-premium vineyards in Martinborough, where it’s the area’s largest vineyard owner. Continue reading →Posted in News on May 4, 2011
Central European Distribution Corp’s (CEDC) first-quarter sales rose 4.6% to $157 million, boosted by a turnaround in Poland, but the group still posted a $17 million loss on a comparable basis with the same period last year (on a reported basis, CEDC posted net income of $1.1 million for the quarter). Sales growth was driven by an 8% volume increase in vodka sales in Poland against a market that was down 6.5% for the quarter. New brand Zubrowka Biala was instrumental in that performance, and CEDC says more new brands and relaunches are in the pipeline for Poland over the course of the year.
“We believe we’ve turned the corner regarding our vodka growth and continue to see strong import growth from our leading import portfolio which represents over 46% of our Polish revenue base today,” said CEDC president and ceo William Carey.
Meanwhile, CEDC says it will launch two new products in Russia this summer and introduce new communication behind its biggest Russian brand, Green Mark vodka. The group’s import business in Russia (including Concha y Toro), performed especially well in the first quarter, rising 19%. Carey added that he expects to see improved performance in CEDC’s core markets of Poland, Russia and Hungary over the rest of the year.Posted in News on May 4, 2011
• An Argentine court has ruled Spain cannot have exclusive rights to the Rioja name, allowing Argentina to regionally identify wines from its 35,000-square-mile province of La Rioja. Spain’s regulatory council of Rioja has been in the legal fight since 1999, arguing that the labeling would cause confusion with wines from Spain’s Rioja region. Continue reading →Posted in News on May 4, 2011