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News Briefs for August 12, 2015

August 12, 2015

•New York-based importer and distributor Baron Francois Ltd. tells SND it’s eyeing trade-up trends in wine this year as it preps several new products for September. “We’re seeing premiumization,” says Baron Francois managing director Frederic Goossens. “The $9.99 level remains attractive, but there’s now much more confidence in wines retailing from $14.99-$19.99.” Within the France-centered Baron Francois portfolio, rosés are selling briskly—especially those from Provence—and consumers are increasingly seeing Languedoc as a good source of value, Goossens adds. The company, which has grown organic revenues by 50% over the last four years and is targeting turnover of $16 million by 2020, will add three new suppliers in September: Beaujolais’ Dominique Piron ($15-$25); Champagne Joseph Perrier ($45-$125) and grower Champagne Autréau de Champillon ($40-$45).

•A few weeks after settling a class action suit regarding the labeling and marketing of its flagship whisky brand, Templeton Rye has created a settlement fund to refund consumers who purchased the product. The fund, which has a cap of $2.5 million, will refund consumers between $3 and $6 per bottle of Templeton Rye, depending on proof of purchase. The Iowa-based Templeton has set up a website to process the claims, which must be submitted by November 18, 2015 in order to receive a refund.

•Cape Classics continues to extend its French wine stable, adding Burgundy’s Maison Matisco and Domaine Vrignaud. Matisco’s wines include a Mâcon-Villages ($20), Saint-Véran ($30) and Saint Véran Sur la Carriére ($50), while Vrignaud includes a Chablis ($25), Les Champréaux ($32) and Chablis 1er Cru Fourchaume Vieilles Vignes ($50). Matisco and Vrignaud, both organic producers, join fellow Burgundy winemaker Philippe Pacalet, which partnered with Cape Classics last month.

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