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

Daily Archive: June 10, 2011

Blue Chip New York Retailer Morrell And Co Sees Growth For Wine, Concern for Independents

Fine wine and spirits retailer Morrell & Co. has been a New York institution for more than 60 years. Located in Manhattan’s Rockefeller Plaza, the scant 1,300 square-foot Morrell’s is a destination for area wine lovers, workers, corporations and tourists. Led by chairman and senior wine advisor Peter Morrell, the store stocks some 2,500 wine and spirits, priced from $7.99 per bottle and up. Shanken News Daily visited recently with Morrell and discussed wine trends and the state of beverage alcohol retailing. Continue reading →

Posted in News on June 10, 2011

Diageo To Settle With SEC In Bribery Case

Diageo has agreed to pay between $10 million and $20 million to settle a bribery investigation conducted by the U.S. Securities and Exchange Commission related to its businesses in South Korea, India and Thailand, according to a report in the Financial Times citing unnamed sources. Continue reading →

Posted in News on June 10, 2011

News Briefs for June 10, 2011

• California distributor Wine Warehouse has appointed Greg Akins to the role of president and chief operating officer. Continue reading →

Posted in News on June 10, 2011