Monthly Archive: August 2011
Sherry-Lehmann’s Adams Optimistic About High-End Wine Business, Expanding Into New Territory
Sherry-Lehmann Wine & Spirits, the 77-year-old retailing powerhouse in New York City, has enjoyed steady growth in the wake of the recession and continued success of its Bordeaux business after Diageo pulled out in 2010. Led by CEO Chris Adams, who was also named chairman in November 2010, the Manhattan institution totaled $44.5 million last year, and Adams says sales were up 13% in the first half of 2011. Shanken News Daily recently spoke with Adams to discuss current retail trends and Sherry-Lehmann’s outlook for the future. Continue reading →
Posted in News on August 26, 2011Beam To Start Trading As Standalone October 4
Fortune Brands’ board has approved final plans to spin off the company’s home and security products business by October 3, allowing it to begin operating as a pure-play spirits company trading publicly under the name Beam Inc. on October 4. Continue reading →
Posted in News on August 26, 2011News Briefs for August 26, 2011
•New Zealand’s total wine sales rose 11% to 221 million liters for the year through June 30, as export value jumped 5% to $1.1 billion, according to the New Zealand Winegrowers Association. Continue reading →
Posted in News on August 26, 2011Diageo Rides Premium Progress To 3 Percent U.S. Sales Growth For FY
Despite continuing economic headwinds, Diageo rode improved operating margin driven by cost cuts and a marketing push behind its key brands to solid sales growth in the U.S. market in its fiscal full year, ended June 30. Continue reading →
Posted in News on August 25, 2011Glazer’s Set To Acquire San Antonio’s Halo To Reach New Heights In Beer Distribution
Glazer’s Distributors, already one of the U.S. market’s top 25 beer wholesalers (and one of the five largest spirits and wine wholesalers), looks as if it will soon be getting significantly larger. Continue reading →
Posted in News on August 25, 2011Italian Wine Imports Expanding Rapidly In 2011
Italian wine exports to the U.S. market jumped by roughly 23% in both volume and value during the first five months of 2011, according to the Italian Wine & Food Institute, which adds that Italian wine accounted for 31.3% of U.S. imported wine market volume during that period. Continue reading →
Posted in News on August 25, 2011
