News Briefs for May 22, 2018
May 22, 2018•Jackson Family Wines is moving to the Southern Glazer’s Wine & Spirits portfolio in the Florida market.Jackson Family’s portfolio has previously been handled by Breakthru Beverage in the Sunshine State. With this new agreement, Southern Glazer’s will now distribute Jackson Family Wines in 13 U.S. markets, effective immediately. Other markets where the companies are linked include Arkansas, Alaska, Arizona, Delaware, Hawaii, Iowa, Idaho, New York, Ohio, Oregon, and Washington. Southern Glazer’s Florida portfolio also includes other major suppliers such as Constellation, Trinchero Family Estates, Deutsch Family Wine & Spirits, and Ste. Michelle Wine Estates.
•Johnson Brothers is expanding in the Indiana market, agreeing to purchase certain assets from local distributor Monarch Beverage. The deal will see Johnson Brothers add major wine suppliers including E. & J. Gallo Winery, Terlato Wine Group, Treasury Wine Estates, Bogle Vineyards, and others to its statewide Indiana portfolio. Johnson Brothers has been operating in Indiana since 1987 as Indiana Wholesale Wine & Liquor Company. Going forward, the business will be renamed Johnson Brothers of Indiana and relocate to a new state-of-the-art office and warehouse facility in Indianapolis. The addition of the Monarch wine business is expected to close by September 1. Minnesota-based Johnson Brothers, with operations in 24 U.S. markets, is expected to have revenues of nearly $2 billion this year.
•Known for its range of alcoholic ginger beers, Scotland-based Crabbie’s has announced plans to build a new, £7 million ($9.4m) distillery in Leith to produce Scotch whisky. The move marks the brand’s renewed commitment to single malt Scotch whisky production, which it halted in the 20th century due to the decline of the category. The new distillery is located near the home of the original Crabbie’s distillery and will be the first single malt facility to open in Leith in over 100 years. Owned by Halewood Wines & Spirits, Crabbie’s launched two single malts—Crabbie 30-year-old Speyside and Crabbie 8-year-old Highland—under the John Crabbie & Co. moniker in January.
•Chicago auction house Hart Davis Hart Wine Co. logged a $9.95 million sale over the past weekend. The event, which saw 100% of its nearly 3,000 lots sold, had a pre-sale estimate ranging from $6.1 to $9.1 million. More than 3,000 bottles from the Dr. Lee Smith collection fetched $2.6 million against pre-sale estimates of $1.4-$2.1 million, with Burgundy in particular demand. A 12-bottle case lot of 1990 Clos Saint-Denis from Domaine Dujac brought in $71,700 compared with a pre-sale estimate of $18,000-$28,000. From Bordeaux, three double magnums of 1982 Chateau Lafite Rothschild sold for $45,410, well above the pre-sale estimates of $24,000-$35,000. It was one of the biggest Hart Davis auctions ever, nearly beating a three-day sale in February that grossed $10.1 million.
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