Exclusive news and research on the wine, spirits and beer business

Daily Archive: April 6, 2023

Constellation’s Full-Year Sales Reach $9.45 Billion On 7% Growth

Constellation Brands has posted sales up 7% to $9.45 billion for its fiscal year ended in February, with operating income rising 3% to $3 billion on a comparable basis. Continue reading →

Posted in News on April 6, 2023

Campari Invests $161 Million In New Wild Turkey Distillery

Campari Group is set to add a second distillery at its Wild Turkey campus in Lawrenceburg, Kentucky on an investment of $161 million. Continue reading →

Posted in News on April 6, 2023

Vintage Wine Estates Flags Impairment Charge Of $130-$145 Million

California wine producer Vintage Wine Estates is set to take a non-cash impairment charge of $130-$145 million for its second quarter ended in December. Continue reading →

Posted in News on April 6, 2023

Martignetti Makes Another Acquisition Play, Purchasing Quality Beverage

Martignetti Companies has announced a deal to acquire Massachusetts-based beer distributor Quality Beverage for an undisclosed sum. Continue reading →

Posted in News on April 6, 2023

News Briefs for April 6, 2023

•Spanish wine group Raventós Codorníu has appointed RNDC as its exclusive distributor across 27 states and Washington, D.C., effective April 1. Continue reading →

Posted in News on April 6, 2023