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Daily Archive: August 22, 2011

Gallo’s Barefoot, TWG’s Cupcake Pacing Off-Premise Wine Sales In 2011

Two of the U.S. market’s most vibrant wine brands of the past few years, E&J Gallo’s Barefoot Cellars and The Wine Group’s Cupcake Vineyards—both Impact “Hot Brands” for their 2010 performances—have again been driving growth for California wines in the off-premise in 2011, and they’re doing it at different pricing tiers. Continue reading →

Posted in News on August 22, 2011

Treasury Wine Estates Sees Profits Rise In FY, But U.S. Volume Slides

Treasury Wine Estates returned to profit in the 12 months through June, its fiscal full year, turning in a net gain of A$64.1 million ($67m), but net sales on a pro forma basis (excluding effects from Treasury’s recent demerger from Foster’s Group) slid 7% to A$1.8 billion ($1.88b), and volume was down 6.6% to 33.2 million nine-liter cases. Continue reading →

Posted in News on August 22, 2011

News Briefs for August 22, 2011

•After going bankrupt and closing in 2009, New York landmark Tavern On the Green may be re-created as a global chain by Tavern International LLC, led by former Mutual of New York manager Louis Bivona. Continue reading →

Posted in News on August 22, 2011