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

News Briefs for January 27, 2016

January 27, 2016

•Brown-Forman has introduced a new Woodford Reserve special edition under the brand’s Distillery Series. The new offering, Frosty Four Wood, is a mature Woodford Reserve Bourbon aged in American oak and finished in Maple, Sherry and Port barrels. Woodford’s original Four Wood whiskey, a 2012 Master’s Collection release, was exposed to record-low temperatures during the 2013 Polar Vortex, resulting in flocking, or mineral precipitation, Brown-Forman said. Subsequent filtration from those stocks produced Frosty Four Wood (90.4 proof), a more fruit-forward whiskey with maple hints. Retailing at $50 a 375-ml., Frosty Four Wood is debuting only at the Woodford distillery and with Kentucky retailers.

•Teddy’s Liquors, a family-owned chain of retail stores in Chicago’s suburbs, is undergoing a downsizing. The company, founded in 1963, recently closed four stores, leaving one 15,000-square-foot unit still open in Arlington Heights, 20 miles northwest of Chicago. The owners, the Karavidas family, indicated they’re considering a closure of the last remaining store as well. They have complained to municipal zoning officers in the past about the steady proliferation of Binny’s Beverage Depot branches (now totaling 31) in the Teddy’s markets.

•Control state spirits volume rose 2.7% in 2015, accelerating from a pace of 2.5% in 2014 and 1.1% in 2013. Shelf dollar growth also ramped up, increasing 5.3% for the year, compared with a 5.1% gain in 2014 and 4% growth in 2013. Meanwhile, control state wine volume grew 1.4% in 2015, up slightly from a rolling 12-month rate of 1.1% in the year through November.

 

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