Monthly Archive: May 2011
New Zealand Wine Volume Soars, Bucking Market Trends With Higher-End Brands
New Zealand wine is rising fast in the U.S. market, with most of its top-selling brands achieving double-digit growth in a challenging environment despite their relatively high retail prices. Continue reading →
Posted in News on May 5, 2011Casa Cuervo Tamps Down Sale Speculation
Speculation over a sale of Jose Cuervo to Diageo has been floated over the past week, based largely on a recent report in London’s Sunday Times. That story, citing unnamed sources, suggested that the Beckmann family were negotiating a deal to sell Cuervo in exchange for Diageo shares. Continue reading →
Posted in News on May 5, 2011Wall Street Report: Diageo, Pernod, Beam, Boston Beer
• Diageo’s sales for its fiscal third quarter (ended March 31, 2011) increased by 7% against the comparable period, while its global sales volume rose 2%. The U.K.-based drinks giant’s marked sales growth far exceeded analysts’ predictions, which generally called for a roughly 2% rise. Continue reading →
Posted in News on May 5, 2011US Spirits & Wine Ad Spend Up For First Time Since Recession Onset
Ad spending on spirits and wine in the U.S. market increased in 2010, reversing a downward trend inflicted by the recession, according to data from Kantar Media and Impact Databank. Spirits outlays rose by 3% to $428 million, while wine spending eked out a 0.2% gain to $80 million. Continue reading →
Posted in News on May 4, 2011ABI US Sales Volume Down, But Revenue, Profits Rise On Higher Prices, Improved Mix
Anheuser-Busch InBev sold less beer in the first quarter of 2011 than in the year-earlier period, but price hikes in its key markets spurred solid revenue and operating profit growth. Continue reading →
Posted in News on May 4, 2011Foley Strikes Again, Acquiring Another New Zealand Property
Foley Family Wines is set to bring another property into its fold with the acquisition of Martinborough, New Zealand’s Te Kairanga, a luxury producer known for Pinot Noir. Te Kairanga produces around 70,000 cases annually and owns or leases about 100 hectares (247 acres) of what Foley calls ultra-premium vineyards in Martinborough, where it’s the area’s largest vineyard owner. Continue reading →
Posted in News on May 4, 2011
