Daily Archive: October 31, 2023
Impact Databank: Winemakers Find Pockets Of Growth At Higher Price Tiers
As wine continues to lose share to RTDs and fast-growing spirits categories such as Tequila and premium whiskies, total wine consumption is expected to decline in the U.S. for the third consecutive year in 2023, according to The U.S. Wine Market: Shanken’s Impact Databank Review & Forecast. Continue reading →
Posted in News on October 31, 2023Treasury Wine Estates Acquires Daou Vineyards For Up To $1 Billion
In case you missed yesterday’s news alert, Treasury Wine Estates has bolstered its luxury portfolio with a deal to acquire Paso Robles-based Daou Vineyards for up to $1 billion. Continue reading →
Posted in News on October 31, 2023Interview, Part 2: Breakthru’s Regional Presidents
n the second part of our interview, Breakthru Beverage Group regional presidents Cristina Desmond (Central), Will Fulghom (East), Jeremy Tostrup (West), and Sam David (Canada) discuss conditions in the wine category, the low- and no-alcohol phenomenon, and progress in the e-commerce area. Continue reading →
Posted in News on October 31, 2023News Briefs for October 31, 2023
•Symington Family Estates is launching Taifa, a super-premium white wine from their Alentejo estate, Quinta da Fonte Souto. Continue reading →
Posted in News on October 31, 2023Congressional Coalition Urges DEA To Consider Legalization Attempts Amid Cannabis Rescheduling
Thirty-one members of the House of Representatives, including both Democrats and Republicans, have sent a letter to the Drug Enforcement Agency urging the DEA to take into account the U.S. landscape for legal cannabis, as well as efforts to legalize the drug at the federal level, while rescheduling cannabis. Continue reading →
Posted in News on October 31, 2023Cannabis Briefs for 10/31/2023
•Toronto-based Humble & Fume reported 4% sales growth for its full fiscal year 2023 Continue reading →
Posted in News on October 31, 2023
