Daily Archive: July 22, 2011
Gary’s Wine And Marketplace Taps Upscale Suburban Market, Hitting $50 Million In Annual Sales
New Jersey-based Gary’s Wine & Marketplace has continued to thrive even during the economic downturn by offering its affluent suburban customers selection and good value. The three-unit operation had sales of $45 million in 2010, and sales are expected to reach $50 million this year. Of that total, 65% is wine, 13% spirits, 11% beer and 11% food/miscellaneous items. Gary Fisch owns the 13,000-square-foot store in Madison and 24,000-square-foot location in Wayne, which opened three years ago. His wife Liz owns the 13,000-square-foot unit in Bernardsville. (New Jersey law prohibits an individual from owning more than two licenses). Shanken News Daily recently spoke with Fisch about their growing business. Continue reading →
Posted in News on July 22, 2011Treasury Looking Like A Bargain To Analysts
Just a few weeks after rumors began swirling that China’s Bright Food would bid for Treasury Wine Estates, several analysts are touting Treasury’s upside, particularly in Asia and other emerging markets, and asserting its current valuation represents a bargain. Continue reading →
Posted in News on July 22, 2011News Briefs for July 22, 2011
•Diageo has announced its 8th Annual Golden Bar Awards, honoring its U.S. wine, spirits and beer distributors. Continue reading →
Posted in News on July 22, 2011
