Monthly Archive: June 2011
News Briefs for June 13, 2011
• The Federation of Jewish Men’s Clubs (FJMC), which includes more than 25,000 members throughout North America, has joined with synagogues in Israel and around the globe in calling for a boycott of Scotch whisky from distillers located in West Dunbartonshire Council—including Chivas Brothers and Morrison Bowmore, among others. Continue reading →
Posted in News on June 13, 2011Blue Chip New York Retailer Morrell And Co Sees Growth For Wine, Concern for Independents
Fine wine and spirits retailer Morrell & Co. has been a New York institution for more than 60 years. Located in Manhattan’s Rockefeller Plaza, the scant 1,300 square-foot Morrell’s is a destination for area wine lovers, workers, corporations and tourists. Led by chairman and senior wine advisor Peter Morrell, the store stocks some 2,500 wine and spirits, priced from $7.99 per bottle and up. Shanken News Daily visited recently with Morrell and discussed wine trends and the state of beverage alcohol retailing. Continue reading →
Posted in News on June 10, 2011Diageo To Settle With SEC In Bribery Case
Diageo has agreed to pay between $10 million and $20 million to settle a bribery investigation conducted by the U.S. Securities and Exchange Commission related to its businesses in South Korea, India and Thailand, according to a report in the Financial Times citing unnamed sources. Continue reading →
Posted in News on June 10, 2011News Briefs for June 10, 2011
• California distributor Wine Warehouse has appointed Greg Akins to the role of president and chief operating officer. Continue reading →
Posted in News on June 10, 2011Brown-Forman Projects Improved U.S. Share This Year After 4 Percent Sales Rise In Fiscal 2011
Boosted by a strong second-half performance, Brown-Forman’s net income increased by 6% to $802 million for its fiscal year ended April 30th, while sales rose by 4% to $3.4 billion. Continue reading →
Posted in News on June 9, 2011Remy’s Full-Year Profits Slide On Metaxa, As Sales Rise 12 Percent
Rémy Cointreau reported an 18% drop in net profit—from €86.3 million ($126.1m) to €70.5 million ($103m)—and a 14% decline in operating profit to €120.5 million ($175.1m), for the full year ended March 31, 2011. Continue reading →
Posted in News on June 9, 2011
