Exclusive news and research on the wine, spirits and beer business

Daily Archive: April 26, 2011

Tequila Bounces Back In U.S.–2011 Looks Very Promising

While category leader Jose Cuervo has struggled amid the economic downturn, Tequila has bounced back in the U.S. market after difficult years in 2008 and 2009. Propelled by double-digit growth from brands including Sauza, 1800 and El Jimador, Tequila’s top eight brands—which comprise nearly 85% of the category in the U.S. market—advanced by an aggregate 3.5% to more than 9 million cases in 2010. Continue reading →

Posted in News on April 26, 2011

PLCB To Add Spirits to Wine Kiosks

The Pennsylvania Liquor Control Board (PLCB) has announced plans to introduce spirits to as many as 10 of Pennsylvania’s supermarket wine kiosks within the next few months. Part of a pilot initiative, the move aims to make the self-serve kiosks more profitable and appealing to consumers. Continue reading →

Posted in News on April 26, 2011

After Majestic Deal, Centennial Eyes Additional Acquisitions

In an interview with Shanken News Daily, Greg Wonsmos, president of Dallas-based Centennial Fine Wine and Spirits, said his company will “continue to look at the retail consolidation picture” following its recent purchase of Majestic Liquor Stores, with an eye toward future acquisitions. Continue reading →

Posted in News on April 26, 2011

IPO May Lie Ahead For Stock Spirits If Current Sale Effort Falls Through

Amid reports that Diageo has ended its pursuit of Stock Spirits, the Central European company appears to be gearing up for a public offering. Stock has said it would consider a public offering if a sale did not materialize. Neither Diageo nor Stock responded to requests for comment, but Bloomberg News, citing unnamed sources, reported today that Stock majority owner Oaktree Capital (based in Los Angeles) has hired UniCredit SpA and Nomura Holdings Inc to handle preparations for an initial public offering. Continue reading →

Posted in News on April 26, 2011

News Briefs For April 26, 2011

• Earlier today, Fortune Brands announced that it will operate under a new name—Beam Inc-following the completion of its plan to become a pure-play spirits business. In December 2010, Fortune announced that it would sell or spin off its home and security and golf units in order to focus solely on spirits. That strategy was reaffirmed at today’s shareholders meeting, at which the name change was also confirmed. Continue reading →

Posted in News on April 26, 2011