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

Daily Archive: April 24, 2014

Pernod Ricard Suffers From China Slowdown, But Jameson, Price Mix Spur Advance In U.S.

Widespread destocking in China and an unfavorable currency exchange impact led to a 7% sales decline, to €6.19 billion ($8.54b), for Pernod Ricard in the first nine months of its fiscal year, but solid progress in the U.S. drove a modest rise in the company’s overall organic profit growth. Continue reading →

Posted in News on April 24, 2014

Ohio-Based Grocery Chain Heinen’s Expanding In Chicago Market

Cleveland, Ohio-based grocery chain Heinen’s Fine Foods is expanding in the greater Chicago market with the launch of a 40,000-square-foot location in Glenville, Illinois on May 7. Continue reading →

Posted in News on April 24, 2014

News Briefs for April 24, 2014

•Austin, Texas-based Twin Liquors Fine Wine & Spirits, currently under investigation by the Texas Alcoholic Beverage Commission (TABC), opened its 75th store in the state earlier this week. Continue reading →

Posted in News on April 24, 2014

Craft Brewing and Distilling News for April 24, 2014

•Maine’s Shipyard Brewing Company has released a year-round variety pack of its India Pale Ales. Continue reading →

Posted in News on April 24, 2014

NEWS ALERT: Pernod Ricard Makes Major Wine Play With Kenwood Acquisition

Pernod Ricard USA, which has made a concerted effort to build its wine business in recent years as other leading U.S. spirits marketers have largely culled their own wine operations, has agreed to acquire Sonoma Valley’s Kenwood Vineyards from F. Korbel & Bros. for an undisclosed price. Continue reading →

Posted in News on April 24, 2014