Daily Archive: March 24, 2023
RNDC Countersues Sazerac, Alleging It’s Undermining Three-Tier System
The year got off to a bang when longtime partners Republic National Distributing Co. (RNDC) and Sazerac—leading players in the distributor and supplier tiers respectively—abruptly severed their relationship, with Sazerac parting ways with RNDC across more than 30 markets. Continue reading →
Posted in News on March 24, 2023Lawrence Family Taps Ornellaia’s Heinz As CEO Of Château Lascombes
The Lawrence family and Carlton McCoy, Jr. have appointed Axel Heinz as CEO of Château Lascombes, the Margaux winery that joined the Lawrence portfolio last year. Continue reading →
Posted in News on March 24, 2023Darden Posts 13% Growth, Aims For $10.5 Billion In Yearly Sales
Darden Restaurants raised sales guidance for its full fiscal year ending in May to between $10.45 and $10.5 billion yesterday after posting a strong set of third-quarter numbers, with sales up 13% to $2.8 billion. Continue reading →
Posted in News on March 24, 2023U.S. Wine Exports Near $1.5 Billion In 2022
U.S. wine exports grew 0.4% last year to $1.46 billion, despite “a challenging market environment coupled with a strong dollar,” according to The Wine Institute. Continue reading →
Posted in News on March 24, 2023News Briefs for March 24, 2023
•Belvedere vodka, part of the Moët Hennessy portfolio, has unveiled a new limited-edition bottle exclusively for the Miami market. Continue reading →
Posted in News on March 24, 2023
