Yearly Archive: 2024
News Briefs for October 7, 2024
•M.S. Walker and entrepreneur Bethenny Frankel have expanded Forever Young Wines, adding a new French Sauvignon Blanc to the line. Continue reading →
Duckhorn Acquired By LA Private Equity Firm Butterfly For $1.95 Billion
The Duckhorn Portfolio announced this morning it has agreed to be acquired by Los Angeles-based private equity firm Butterfly for $1.95 billion. Continue reading →
Posted in News on October 7, 2024Interview: Harmon Skurnik, President, Skurnik Wines & Spirits
New York-based importer and distributor Skurnik Wines & Spirits continues to expand both its national portfolio and its wholesale business, with the company projecting $210 million in revenue this year on volume of approximately 1 million cases. Continue reading →
Port Strike Suspended As Parties Come To Tentative Agreement
The East and Gulf Coast port strike that threatened to snarl wine and spirits supply chains in the U.S. has come to an end, with workers for the International Longshoreman’s Association (ILA) agreeing to suspend the strike in a tentative deal with the United States Maritime Alliance. Continue reading →
Posted in News on October 4, 2024News Briefs for October 4, 2024
•Blended Scotch giant Johnnie Walker has unveiled a new, limited edition collaborative whisky package with the popular Netflix show “Squid Game” in celebration of the series’ upcoming second season. Continue reading →
Constellation’s Sales Rise 3% Despite Continuing Challenges In Wine And Spirits
Constellation Brands has posted sales up 3% to $2.9 billion for its fiscal second quarter ended in August, propelled by a 6% increase for its beer unit, partially offset by continued challenges in its wine and spirits division. Continue reading →
Posted in News on October 3, 2024
