Monthly Archive: December 2011
OpenTable Stock Has Fallen Nearly 70% Since April
Restaurant reservation service OpenTable Inc. has experienced nearly a 70% drop in shares since hitting a record high of $115.62 in April. Continue reading →
Posted in News on December 9, 2011News Briefs for December 9, 2011
•New York-based Lot18, a flash website for wine and gourmet food, has entered the European market with the completion of its acquisition of Paris-based e-commerce company Vinobest for an undisclosed sum. Continue reading →
Posted in News on December 9, 2011Brown-Forman Bullish On Further Whiskey Growth As Sales Rise 12% In First Half
Brown-Forman saw net sales surge 12% to $1.85 billion in the six months through October, its fiscal first half, and said momentum has picked up in the U.S. spirits market, particularly in its core whiskey category. Continue reading →
Posted in News on December 8, 2011Nielsen: Mainstream Domestic, Imported Beer Sales Remain Sluggish While Crafts Soar
The U.S. beer market continues to struggle, according to the latest numbers from Nielsen. Off-premise volumes declined 1.9% in the most recent 52-week period (ending November 12) to 1.38 billion cases. Continue reading →
Posted in News on December 8, 2011News Briefs for December 8, 2011
•The Pennsylvania Liquor Control Board (PLCB) has opened its latest large-format Fine Wine & Good Spirits store in Philadelphia. Now the largest rebranded PLCB store in the state, the Philadelphia outpost is one of around 10 liquor stores that have recently been renovated under the PLCB’s new, customer-focused retail concept. Continue reading →
Posted in News on December 8, 2011California’s Crimson Wine Group Doubles In Size With Seghesio Acquisition
Napa-based Crimson Wine Group was founded in 2007 by New York investment firm Leucadia National Corp. At the time, the company’s wine holdings included Napa’s Pine Ridge Vineyards and Archery Summit in Willamette Valley. In 2008, Crimson expanded with the purchase of Edna Valley’s Chamisal Vineyards (formerly Domaine Alfred). This past June, Crimson took another leap with the acquisition of Sonoma-based Seghesio Vineyards, a deal which doubled its scale to roughly 250,000 cases and $50 million in annual revenue. Erle Martin, who previously has served as president of Francis Ford Coppola’s wine business and head of Young’s Market Co.’s California fine wine unit, has led Crimson as CEO since 2007. Shanken News Daily recently caught up with Martin to discuss Crimson’s ongoing expansion. Continue reading →
Posted in News on December 7, 2011
