Monthly Archive: June 2011
Diageo Gets Approval For Chinese Baijiu Play
After a wait of several months, Diageo has gained Chinese regulatory approval to pay RMB140 million ($22m) to up its stake in Sichuan Chengdu Quanxing Group by 4%, bringing its holding in the group to 53%. Continue reading →
Posted in News on June 27, 2011News Briefs for June 27, 2011
•The Wertheimers, the family that controls the Chanel Group, have acquired grand cru classé Château Matras in St.-Emilion, according to a report in Wine Spectator. Continue reading →
Posted in News on June 27, 2011Mionetto’s Sparkling Success Boosts Category, But Competition Heating Up With Lunetta’s Rise
Prosecco has been one of the U.S. wine market’s hottest categories over the past few years, and no marketer has played a larger role in its success than Brooklyn, New York-based Mionetto USA. Continue reading →
Posted in News on June 24, 2011Spirits Growth Slips To 1.8 Percent, Wine Up 4.8 Percent In Latest Scan Data
Wine and spirits volume growth in food and drug stores held roughly steady over the past month, according to SymphonyIRI group, with spirits showing 1.8% growth in the 52 weeks through June 12 (down from 2.1% a month earlier), and wine coming in up 4.8% in 2011 year-to-date through June 12 (against 4.7% growth a month earlier). Continue reading →
Posted in News on June 24, 2011News Briefs for June 24, 2011
• Washington’s Hogue Cellars is moving to screwcap closures across 100% of its wine production. Continue reading →
Posted in News on June 24, 2011Craft Beer Boom Propels New Belgium To New Heights
With sales volume of more than 9.1 million (2.25-gallon) cases last year, New Belgium Brewing is the third largest craft brewer in the United States, despite distribution in only half of the country. The brewer of Fat Tire Amber Ale, the Fort Collins, Colorado brewery celebrates its 20th anniversary this month, and expects to enter Maryland, Virginia and Washington, DC this summer. Shanken News Daily recently spoke with Kim Jordan, co-founder and CEO, about New Belgium’s plans to further expand distribution. Continue reading →
Posted in News on June 23, 2011
