News Briefs for February 13, 2013February 13, 2013
•Antonio Galloni, formerly lead critic for The Wine Advocate, is striking out on his own with a new “multimedia, technology-driven platform,” AntonioGalloni.com. On the new site, he plans to continue his reporting on the Italy, Champagne, California and Burgundy beats he covered at The Wine Advocate, while expanding into other regions as well. Prior to joining The Wine Advocate in 2006, Galloni founded his own quarterly, Piedmont Report, in 2004. The Wine Advocate founder Robert Parker announced in December that he had agreed to sell a “substantial interest” in the publication to a group of three Singapore-based investors, but would remain chairman and CEO.
•Southern Wine & Spirits (SWS) has appointed B.J. Vorderer as vice president, sales & marketing of the Pernod Ricard portfolio. The appointment was effective February 1, with Vorderer reporting directly to Kevin Fennessey, senior vice president, sales & marketing of SWS. Vorderer replaces Marty Durkin, who was recently promoted to vice president, marketing & sales planning of Southern’s Florida division. Vorderer most recently served as director of off-premise national trade marketing at Pernod, and also held positions of state manager-Illinois and director of off-premise for Absolut. SWS and Pernod are currently aligned in 29 states across the U.S.
•Beam CEO Matt Shattock has been elected to the board of directors of Greensboro, North Carolina-based apparel and footwear company VF Corp., effective yesterday. He will serve on the board’s compensation and finance committees. Shattock has been president and CEO of Beam since 2009, implementing a “Vision into Action” growth strategy that has led to strong performance for the company, including a full-year net sales increase of nearly 7% for 2012 to $2.5 billion.
•Grupo Modelo’s net sales were up 9.1% for the 12 months through December, to 99.3 billion pesos ($7.85 billion), as net income rose 4.4%, to 12.3 billion pesos ($970 million). Export markets contributed 11.9% net sales growth, with markets like Chile, China and Japan accounting for the largest volume gains. Modelo’s U.S. importer, Crown Imports, reported net sales of $2.6 billion. Domestic net sales, meanwhile, were up 6.5%. For the fourth quarter, net income fell 1.8% to 3.47 billion pesos ($270 million), while net sales for the quarter rose 4.1%, to 24.2 billion pesos ($1.9 billion). Anheuser-Busch InBev’s $20 billion proposed acquisition of the 50% of Modelo it doesn’t already own has been blocked by the U.S. Justice Department, and remains in limbo.
•Del Frisco’s Restaurant Group is expanding its Del Frisco’s Grille franchise with two new outposts in the Dallas-Fort Worth market. Slated to open later this year, the new restaurants will be located in the Sundance Square plaza—a 35-block retail and entertainment district in downtown Fort Worth—and the Dallas suburb of Southlake, respectively. The pair join three existing Dallas-Fort Worth Del Frisco’s Grille locations. Del Frisco’s Restaurant Group currently operates more than 30 restaurants nationwide, including the Del Frisco’s Double Eagle Steak House and Sullivan’s Steakhouse concepts, in addition to Del Frisco’s Grille.