Daily Archive: May 5, 2011
New Zealand Wine Volume Soars, Bucking Market Trends With Higher-End Brands
New Zealand wine is rising fast in the U.S. market, with most of its top-selling brands achieving double-digit growth in a challenging environment despite their relatively high retail prices. Continue reading →
Posted in News on May 5, 2011Casa Cuervo Tamps Down Sale Speculation
Speculation over a sale of Jose Cuervo to Diageo has been floated over the past week, based largely on a recent report in London’s Sunday Times. That story, citing unnamed sources, suggested that the Beckmann family were negotiating a deal to sell Cuervo in exchange for Diageo shares. Continue reading →
Posted in News on May 5, 2011Wall Street Report: Diageo, Pernod, Beam, Boston Beer
• Diageo’s sales for its fiscal third quarter (ended March 31, 2011) increased by 7% against the comparable period, while its global sales volume rose 2%. The U.K.-based drinks giant’s marked sales growth far exceeded analysts’ predictions, which generally called for a roughly 2% rise. Continue reading →
Posted in News on May 5, 2011
