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Daily Archive: January 30, 2014

TWE Shares Resume Trading, But Fall Sharply After Downgrade

Treasury Wine Estates (TWE) shares resumed trading on the Australian Stock Exchange earlier today, but their price fell sharply after the company announced a $40 million profit downgrade for the current fiscal year following weak sales during the holiday season. Continue reading →

Posted in News on January 30, 2014

Tougher Global Conditions Slow Diageo’s First Half Results, But U.S. Delivers 6% Growth

Challenging conditions in key emerging markets like China tempered Diageo’s results for the six months through December, its fiscal first half, but a robust 6% advance in the U.S. market helped its overall net sales rise 2% to £5.9 billion ($9.7b) for the period. Continue reading →

Posted in News on January 30, 2014

Crosby Lake Goes National With Kinky Blue, As Parent Brand Crosses 400,000-Case Mark

St. Paul, Minnesota-based Crosby Lake Spirits is extending its Kinky Blue liqueur brand into nationwide distribution. Continue reading →

Posted in News on January 30, 2014

News Briefs for January 30, 2014

Wine Spectator reports that 2014 marked another successful charity event for the Naples Winter Wine Festival, whose January 25 live auction raised $12.1 million—a 53% increase in live sales over 2013 and the highest sales total since 2008. Continue reading →

Posted in News on January 30, 2014

Craft Brewing and Distilling News for January 30, 2014

•Brooklyn-based craft distiller Greenhook Ginsmiths tells SND it’s planning to add a 19th century-style Old Tom gin to its portfolio this fall. Continue reading →

Posted in News on January 30, 2014