News Briefs for October 10, 2017October 10, 2017
•Moët Hennessy has reported an 8% increase in sales to €3.5 billion ($4.1b) for the first nine months of 2017. The company’s Champagne volumes grew by 4% during the period, with Europe and Japan driving gains. Meanwhile, Hennessy Cognac continues to show strong momentum, with sales up 9% despite a third quarter decline related to supply constraints. Moët Hennessy added that Hennessy’s higher marques are progressing well. Last month, Moët Hennessy announced the appointment of company veteran Philippe Schaus as CEO, replacing the departing Christian Navarre, who had helmed the company since 2001.
•Beach Whiskey Company has appointed COO Chuck Trout to the role of CEO. He succeeds Beach Whiskey founder Smoke Wallin, who recently departed the company to focus on his brand management group Taliera. Concurrently, Andrea Yorgy has been named chief financial officer. Yorgy joins Beach Whiskey from Louisville Distilling Company, where she most recently led the finance and accounting department for Angel’s Envy Bourbon, helping to transition the brand during its acquisition by Bacardi. The Beach Whiskey brands include Beach Whiskey Bonfire Cinnamon and Island Coconut ($24 a 750-ml.) and the American Harvest vodka range ($25).
•Paso Robles, California-based Rabble Wine Company has appointed Caine Thompson to the role of president. Thompson joins Rabble from Locations Wine in the Napa Valley, where he most recently served as general manager. The Rabble Wine portfolio includes the Rabble, Stasis, Amor Fati and Tooth & Nail brands ($18 to $60 a 750-ml.).Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.