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Tag Archive: Grupo Cuervo

Proximo Boosts Presence In Irish Whiskey, Debuting Conor McGregor’s Proper No. Twelve Brand

Grupo Cuervo subsidiary Proximo Spirits is looking to raise its profile in Irish whiskey with the launch of Proper No. Twelve, a new brand owned by mixed martial arts (MMA) fighter Conor McGregor. Continue reading →

Posted in News on September 17, 2018

Cuervo’s U.S. Sales Slip In Second Quarter As Distributors Reduce Inventories

Grupo Cuervo saw its North America volume drop 7% to 3.6 million cases in the three months through June, while net sales slipped 0.4% to MXN$5 billion ($267.6 million) compared to the previous year. Continue reading →

Posted in News on July 26, 2018

News Briefs for July 12, 2018

•California’s Riboli Family Wine Estates has launched Rosa 22, a new aromatic aperitivo brand sourced from Italy’s Piedmont region. Continue reading →

Posted in News on July 12, 2018

News Briefs for June 19, 2018

•Grupo Cuervo has announced that board member Michael Cheek will be leading transition efforts at Cuervo subsidiary Proximo Spirits following the departure of Proximo president and CEO Mark Teasdale. Continue reading →

Posted in News on June 19, 2018

Currency Woes, Price Hikes Cut Into Cuervo’s First-Quarter Sales And Profits

Grupo Cuervo saw its first-quarter sales decrease 12.7% to $229 million, due to currency fluctuations and what it called a “short-term decline” in the U.S. and Canada following price increases. Continue reading →

Posted in News on April 27, 2018