Daily Archive: January 8, 2024
News Alert: Italy’s Marchesi Antinori Forms Napa-Based Import Company, Vinattieri 1385
One of Italy’s foremost wine companies, Marchesi Antinori, has opened a new wholly-owned import company in the U.S. market called Vinattieri 1385. Based in Napa, Vinattieri 1385 will handle the Antinori, Prunotto, and Tormaresca wines in the U.S. market, effective immediately, and will also be in charge of marketing the wines of Napa Valley’s Stag’s Leap Wine Cellars, which Antinori acquired in full last year. Continue reading →
Posted in News on January 8, 2024Constellation Sees Super-Premium Headwinds As Temporary
Following Thursday night’s news that president for wine and spirits Robert Hanson will be departing at the end of February, Constellation Brands on Friday downgraded its full-year outlook for wine and spirits to decrease by 7% to 9% in sales terms and 6% to 8% in terms of operating income. Constellation CEO Bill Newlands told analysts the company is committed to boosting performance in the wine and spirits unit moving forward, despite temporary headwinds. Continue reading →
Posted in News on January 8, 2024WES Brands, Heaven Hill Note Strong Early Response For Michael Bublé’s Whiskey
Last fall, Canadian singer Michael Bublé teamed up with WES Brands and Heaven Hill to release Fraser & Thompson North American Whiskey. The project blends American and Canadian whiskies together and is named for a pair of rivers near Bublé’s grandfather’s home outside of Vancouver, Canada. The 42% abv whiskey carries a suggested price of $30, and has seen a strong initial response, with the first batch quickly selling out. Continue reading →
Posted in News on January 8, 2024News Briefs for January 8, 2024
•Mizunara casks have been a staple of Japanese whisky aging for quite some time, but it wasn’t always this way. The much-revered mizunara oak got its start out of necessity rather than design. Continue reading →
Posted in News on January 8, 2024
