Monthly Archive: August 2011
Gallo’s Barefoot, TWG’s Cupcake Pacing Off-Premise Wine Sales In 2011
Two of the U.S. market’s most vibrant wine brands of the past few years, E&J Gallo’s Barefoot Cellars and The Wine Group’s Cupcake Vineyards—both Impact “Hot Brands” for their 2010 performances—have again been driving growth for California wines in the off-premise in 2011, and they’re doing it at different pricing tiers. Continue reading →
Posted in News on August 22, 2011Treasury Wine Estates Sees Profits Rise In FY, But U.S. Volume Slides
Treasury Wine Estates returned to profit in the 12 months through June, its fiscal full year, turning in a net gain of A$64.1 million ($67m), but net sales on a pro forma basis (excluding effects from Treasury’s recent demerger from Foster’s Group) slid 7% to A$1.8 billion ($1.88b), and volume was down 6.6% to 33.2 million nine-liter cases. Continue reading →
Posted in News on August 22, 2011News Briefs for August 22, 2011
•After going bankrupt and closing in 2009, New York landmark Tavern On the Green may be re-created as a global chain by Tavern International LLC, led by former Mutual of New York manager Louis Bivona. Continue reading →
Posted in News on August 22, 2011Mina Group Wine Director Parr Thinks Nationally, Acts Locally
The Mina Group of 18 restaurants is not only known for the cutting edge cuisine of renowned chef Michael Mina, but for its many award winning wine lists. Its restaurants include: Michael Mina in San Francisco and Las Vegas; Bourbon Steak in Washington, D.C., Aventura, FL, Detroit, and Scottsdale; Nobhill Tavern, American Fish and Stripsteak in Las Vegas; Saltwater in Detroit; Stonehill Tavern in Dana Point, CA; Arcadia in San Jose; Seablue in Las Vegas and Atlantic City; XIV in Los Angeles, and RN74 in San Francisco and Seattle. (Andre) Agassi Enterprises is the primary investor in the Mina Group, whose restaurants are mostly located in deluxe hotels. The Group projects net sales of $110 million in 2011, up about 20% over last year. Shanken News Daily recently spoke with Rajat Parr, Mina Group Wine Director, about the challenges of creating wine programs for the group’s various restaurants. Continue reading →
Posted in News on August 19, 2011Domestic Wines Drive U.S. Market Growth In Latest IRI Data
Domestic wines continue to drive both volume and value growth in the U.S. wine market, according to the latest figures from SymphonyIRI, which tracks sales in the food/drug/convenience channels accounting for about 30% of the market. Continue reading →
Posted in News on August 19, 2011News Briefs for August 19, 2011
•Washington winery Mercer Estates is rolling out a new Wine Out West range in the U.S. Continue reading →
Posted in News on August 19, 2011
