Monthly Archive: May 2011
Remy Sells Champagne Unit To EPI
Following months of negotiations, Rémy Cointreau has sold off its underperforming Champagne business—including the Piper and Charles Heidsieck brands—to family owned French firm EPI for €412 million ($593m), slightly above the €300-€400 million ($432-576m) range at which the business was generally valued. Continue reading →
Posted in News on May 31, 2011Youngs And RNDC Arizona Partnership Strengthens Hand Against Industry Giants
Young’s Market Co and Republic National Distributing Co’s new joint venture in Arizona unites the two players in the only state where all the five top U.S. spirits and wine distributors operate. Continue reading →
Posted in News on May 31, 2011Oaktree Reportedly Pressing Ahead With Stock Spirits IPO
With Diageo reportedly calling off its pursuit of an acquisition of Central European spirits group Stock Spirits last month, Stock now appears headed for an IPO. Continue reading →
Posted in News on May 31, 2011News Briefs for May 31, 2011
• Pernod Ricard USA has launched Absolut San Francisco—the brand’s fifth limited-edition, city-inspired flavored extension—in the U.S. on- and off-premise. Continue reading →
Posted in News on May 31, 2011Top Spirits Brands Struggle To Make Gains In Control States
The U.S. market’s best-selling spirits brands are still having a tough time carving out significant growth in control state markets. Continue reading →
Posted in News on May 27, 2011Spirits Numbers From SymphonyIRI Show 2.1 Percent Uptick, With Higher Tiers Outperforming Overall Category
Spirits sales in food/drug stores for the 52 weeks ending May 15, 2011 increased by 2.1% to 23.8 million nine-liter cases, according to Chicago-based SymphonyIRI Group. Continue reading →
Posted in News on May 27, 2011
