Monthly Archive: April 2011
Premium Bourbons Making Marked Gains In US
Despite the economic challenges facing the U.S. spirits industry over the past few years, some categories have continued expanding through the downturn, even at the premium end. The premium-and-above Bourbon segment is a prime example. Continue reading →
Posted in News on April 29, 2011Bordeaux Pricing Has US Retailers Reassessing The Business
As 2009 futures prices for classified Bordeaux zoom into the stratosphere and first growths command over $1,000 a bottle, even elite U.S. merchants are reassessing the business. And those staying in the game are stocking far less inventory than a decade ago. Continue reading →
Posted in News on April 29, 2011Ascentia Looks To Reduce Its Debt With Sale Of Buena Vista And Gary Farrell
Boisset Family Estates and Vincraft have bolstered their presence in California’s premium wine trade thanks to yesterday’s deal with Ascentia Wine Estates—in which Boisset will acquire Buena Vista Carneros and Vincraft will buy Gary Farrell Winery. Continue reading →
Posted in News on April 29, 2011Top Buffalo Area Retailer Prime Wine & Spirits Moving To New, Expanded Location
Prime Wine & Spirits, owned by 1993 Market Watch Retailer of the Year Burt Notarius, is leaving its longtime home in Kenmore, New York and moving to a larger space 10 minutes away. Notarius is developing a 43,000-square-foot store on the site of a former auto dealership in Amherst, New York. Continue reading →
Posted in News on April 29, 2011News Briefs For April 29, 2011
• Brown-Forman has named John Accardo to the newly created role of managing director, China, effective May 1. Since joining Brown-Forman in 1996, Accardo has held a variety of commercial leadership roles in Asia, Europe and the U.S., most recently serving as director of regional strategy for the Asia Pacific region. Continue reading →
Posted in News on April 29, 2011Interview: Caymus Vineyards Makes Bold Choice
With consumers feeling the squeeze of the U.S. economic downturn in mid-2009, upscale wine marketers faced an unenviable choice: maintain pricing in a difficult market, or reduce prices. While some high-end players opted to hold the line, Napa’s Caymus Vineyards went against the grain and revamped its pricing formula. Shanken News Daily recently spoke with Caymus owner Chuck Wagner to see how his bold choice has paid off. Continue reading →
Posted in News on April 28, 2011
