Monthly Archive: October 2016
As Napa Valley Booms, Rising Direct Sales Have Retailers Feeling Left Out
Lifted by a string of great vintages and soaring demand for Cabernet Sauvignon, the Napa Valley is enjoying an unprecedented boom. Continue reading →
Posted in News on October 18, 2016Wine Spectator: More On Constellation’s Washington Wine Purchase
Yesterday, Constellation added to its burgeoning collection of premium wine brands, with an agreement to purchase five Washington brands from Charles Smith Wines for $120 million. Continue reading →
Posted in News on October 18, 2016Strong U.S. Performance Drives 4% Sales Growth For Rémy Cointreau
Solid results in the U.S. market led Rémy Cointreau to a 4% organic sales increase in its fiscal first half (ended in September), as revenue climbed to €513 million ($565m). Continue reading →
News Briefs for October 18, 2016
•Beam Suntory has revealed plans to pour $1 billion into its Kentucky Bourbon operations over the next five years. Continue reading →
Posted in News on October 18, 2016Craft Brewing and Distilling News for October 18, 2016
•Stone Brewing has laid off about 5% of its workforce in a restructuring effort. Continue reading →
Posted in News on October 18, 2016Constellation Strikes More Deals, Buying Charles Smith Brands And A Stake In Bardstown Bourbon, Selling Canada Wines
Continuing its run of aggressive dealmaking, Constellation Brands has sold its Canadian wine business to the Ontario Teachers’ Pension Plan for C$1.03 billion ($784m), while also acquiring five upscale wine brands from Washington-based Charles Smith Wines for $120 million. Continue reading →
Posted in News on October 17, 2016
