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

Diageo Ramps Up Growth For Aviation Gin

After joining the Diageo portfolio in 2020 along with the rest of Davos Brands in a deal worth up to $610 million, Aviation gin has bucked category trends, crossing the 100,000-case mark last year on 18% growth, according to Impact Databank. Continue reading →

Posted in News on May 18, 2022

Concha y Toro Hikes Prices To Counter Rising Costs

After crossing the $1 billion mark in 2021, Chile’s Viña Concha y Toro saw sales climb 9% to $209 million in its first quarter ended in March, with EBITDA up 10% to $38 million. Continue reading →

Posted in News on May 18, 2022

U.S. Wine Exports Up 11% To $1.4 Billion In 2021

U.S. wine exports rose 10.6% in value last year, resulting in $1.44 billion in total revenue, according to the Wine Institute. Continue reading →

Posted in News on May 18, 2022

News Briefs for May 18, 2022

•Beam Suntory’s House of Suntory has announced the U.S. launch of the 2022 Limited Edition Yamazaki Tsukuriwake Selection, set to hit shelves in June. Continue reading →

Posted in News on May 18, 2022

Craft Brewing and Distilling News for May 18, 2022

•Patrick Rue, founder of the Bruery and current operator of Erosion, a Napa Valley winery and brewery, has purchased a 50% stake in Santa Rosa, California’s Moonlight Brewing from Lagunitas. Continue reading →

Posted in News on May 18, 2022

Vintage Wine Estates’ Full-Year Sales To Approach $300 Million

California winemaker Vintage Wine Estates saw sales climb 68% to $79 million in its fiscal third quarter ended in March, with adjusted EBITDA rising 38% to $14 million. Continue reading →

Posted in News on May 17, 2022

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