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

News Briefs for June 1, 2016

June 1, 2016

•Hailstorms and other severe weather wreaked havoc on the Cognac region last week, damaging more than 10,000 acres of vineyards—nearly 10% of the overall crop. The result will be a reduced 2016 harvest, according to the Bureau National Interprofessional du Cognac (BNIC), while the damage could also have an impact on the 2017 harvest. The storms hit at a time when Cognac is thriving. Global Cognac exports rose by 8.5% in 2015,while category exports to the U.S. hit a record high in 2015, reaching 65.3 million bottles, according to the BNIC. Chablis and Beaujolais were also hit hard by the stormy weather, although Cognac appears to be the worst off.

•Johnson Brothers, one of the country’s leading spirits and wine distributors, has bolstered its operations in North Carolina via the acquisition of distribution rights from Pamlico Distributing Company. Washington, North Carolina-based Pamlico covers the eastern counties of the state, including Beaufort, Carteret, Craven, Edgecombe, Greene, Halifax, Hyde, Jones, Lenoir, Martin, Northampton, Pamlico, Pitt and Washington. Johnson currently distributes wine in the metro markets of Raleigh-Durham, Charlotte, Greensboro, and Winston-Salem, and also acts as a spirits broker across the entire state. The St. Paul, Minnesota-based Johnson Brothers operates in more than 20 states, generating yearly revenue of nearly $2 billion, according to Impact.

•Total Wine & More is set to enter Kentucky with a new location in Louisville, which will open this fall. Insider Louisville reports that the new store will be situated in a 24,000-square-foot space in The Paddock Shops at 4055 Summit Plaza Drive. Total Wine’s planned Louisville outpost will join its existing 134 stores across 18 states.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , ,

Get your first look at 2016 data and 2017 projections for the wine and spirits industries. Order your 2017 Impact Databank Reports. Click here.

Previous :  Next :