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News Briefs for February 14, 2013

February 14, 2013

•Oakland, California-based importer and marketer Maisons Marques & Domaines USA (MMD) has added two Tuscan estates to its portfolio—Podernuovo a Palazzone and Castiglion del Bosco. MMD will begin representing both wineries throughout the U.S. effective immediately. Podernuovo wines that will be available include its Therra and Sotirio offerings. Castiglion del Bosco wines in the U.S. will include Campo Del Drago single vineyard Brunello di Montalcino DOCG, Brunello di Montalcino DOCG and Rosso di Montalcino DOC. MMD was founded in 1987 as the marketing company for Champagne Louis Roederer and Roederer Estate. Today the company’s portfolio also includes properties from France, Portugal, Italy, Spain, South Africa and California.

MillerCoors has reported a net sales rise of 2.8%, to $7.8 billion, for the 12 months through December, along with a 9.5% increase in net income, to $1.2 billion. Progress was mainly driven by Coors Light, which continued to outpace the premium light segment with a single-digit rise, marking its eighth consecutive year of growth. Additionally, MillerCoors’ craft and import unit Tenth and Blake demonstrated double-digit gains, due to strong sales of Blue Moon and Leinenkugel’s Summer Shandy and Snowdrift Vanilla Porter labels in particular. For the fourth quarter, however, MillerCoors’ net sales eked out a 1.7% gain, to $1.8 billion, while net income was down 4.2%, to $185.8 million, due in part to softness from the company’s Miller64 and Miller Genuine Draft brands.

 

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