Daily Archive: June 1, 2023
Longtime Partners Diageo, Sean Combs At Odds, As Latter Files Suit
Sean “Diddy” Combs and Combs Wines and Spirits LLC have filed a lawsuit against Diageo in New York state court, alleging that the spirits giant neglected to properly promote DeLeón Tequila and Cîroc vodka, two brands on which it’s partnered with Combs. Continue reading →
Posted in News on June 1, 2023Rémy Cointreau Posts Strong Full-Year Numbers, Expects U.S. Turnaround Later This Year
Rémy Cointreau has posted sales up 10% organically to €1.5 billion ($1.66b) for its fiscal year ended in March, with current operating profit growing 16% to €430 million ($460m). Continue reading →
Posted in News on June 1, 2023WSWA Flags Depletions Decline In First Quarter
SipSource, the Wine & Spirits Wholesalers of America’s database of depletions data, has released a new report showing a decline in both wine and spirits depletions for Q1 2023, with spirits down -5.1% and wine down -7.4% compared to year-end 2022. Continue reading →
Posted in News on June 1, 2023News Briefs for June 1, 2023
•California vintner and entrepreneur Bill Foley has now added distilling to his long list of business interests, as last week came news of his deal to acquire the shuttered Bently Heritage Estate Distillery in Minden, Nevada. Continue reading →
Posted in News on June 1, 2023
