Exclusive news and research on the wine, spirits and beer business

Daily Archive: February 13, 2014

Pernod Ricard Cuts Profit Forecast On China Difficulties, But Enjoys 5% Bounce In U.S.

Pernod Ricard has cut its full-year profit forecast after enduring an 18% sales decline in China during its fiscal first half, but the company returned to growth in the Americas after a strong second quarter driven by solid gains in the U.S. market. Continue reading →

Posted in News on February 13, 2014

Whyte & Mackay Auction Said To Launch Next Week

Diageo-controlled Indian drinks group United Spirits Limited (USL) is reportedly planning to initiate a sale of its Whyte & Mackay Scotch whisky unit next week. Continue reading →

Posted in News on February 13, 2014

New York Legislators Fire Back On “At-Rest” Opposition

Following reports last week that New York’s proposed legislation to require in-state warehousing of wine and spirits would hurt small wholesalers who utilize warehouses in New Jersey, two New York assemblymen have issued a statement defending the proposal. Continue reading →

Posted in News on February 13, 2014

News Briefs for February 13, 2014

•Patron has officially unveiled its upscale Gran Patron Piedra Tequila in the U.S. market. Continue reading →

Posted in News on February 13, 2014

Craft Brewing and Distilling News for February 13, 2014

•Escondido, California’s Stone Brewing Company is releasing two new offerings over the next month. Continue reading →

Posted in News on February 13, 2014