Daily Archive: April 8, 2020
Treasury Wine Eyes Restructure, As Leadership Change Looms
In case you missed last night’s news alert, Treasury Wine Estates has unveiled a plan to potentially spin off its Penfolds business into a separate company, with the goal of unlocking the luxury brand’s potential while accelerating the premiumization of the rest of the business. Continue reading →
Posted in News on April 8, 2020Constellation Scales Back Mexican Beer Production Under Government Order
Constellation Brands has announced that it is paring back brewery operations in Mexico in response to the Mexican government’s coronavirus-related restrictions on non-essential businesses. Continue reading →
Posted in News on April 8, 2020Off-Premise Growth Decelerates But Remains Strong
As expected, off-premise beverage alcohol sales saw a deceleration in the week through March 28, according to Nielsen, although they continued to show double-digit increases compared with the prior year. Continue reading →
Posted in News on April 8, 2020Lester Eber, Long-Time Head Of New York State Distributor Eber Brothers, Passes Away At 82
Lester Eber, long-time leader of New York state distributor Eber Brothers Wine & Liquor Corp., passed away on April 5 of complications from COVID-19, his family said. Continue reading →
Posted in News on April 8, 2020News Briefs for April 8, 2020
•Verona, Italy-based winery Famiglia Pasqua is launching a new social media advertising campaign headlined by PGA golfer Francesco Molinari. Continue reading →
Posted in News on April 8, 2020News Alert: Treasury Considers “Demerger” Of Penfolds Business
Treasury Wine Estates is eyeing a potential “demerger” of its Penfolds business, which would create a new company for the Australian luxury wine brand. Continue reading →
Posted in News on April 8, 2020
