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

News Briefs for March 26, 2012

March 26, 2012

•Drinks retailer BevMo is making good on its plans to enter Washington state, where the recent passage of Initiative 1183 will end the state’s retail monopoly on liquor June 1. BevMo is looking to open two Washington locations by midsummer, in Tacoma and Silverdale, which will both offer beer, wines and spirits as well as specialty items. BevMo currently operates 53 stores in Northern California, 52 in Southern California and 10 in Arizona, and plans to open two new locations in California this spring. BevMo competitor Total Wine & More is also preparing to enter Washington state, with plans to open a total of 10 Washington stores by the summer.

•Italy’s Bulgari family, known for the jewelry business bearing its name, is entering the wine market with a southern Tuscany-sourced brand, PoderNuovo, the New York Times reports. Led by former Bulgari Group chairman Paolo Bulgari and his son Giovanni, PoderNuovo currently has 42 acres planted, and unveiled 2009 vintages of three wines—a Tuscan red blend, a Cabernet Franc and a Sangiovese, priced from $16-$24 a bottle at wholesale—at the Vinitaly trade event this past weekend. The initial production run was 5,000 cases, with the Bulgaris aiming to double that number on future vintages. LVMH acquired control of the Bulgari Group—focused on jewelry, watches, perfumes and other luxury goods—in March of last year. Paolo Bulgari now sits on the board of LVMH, which could potentially offer the new Bulgari wine a global distribution footprint through its Moët Hennessy wine and spirits unit.

•Upscale hotel The Cosmopolitan of Las Vegas is partnering with video game producers EA Sports to open EA Sports Bar in its 2,500-square-foot pop-up space that formerly served as a wedding chapel. The sports pub will serve numerous bottled beers and bar snacks and will feature six high-definition TVs broadcasting sports games, as well as Sony PlayStation 3 game consoles on which patrons can play various EA Sports video games. EA Sports Bar is slated to open March 31 and The Cosmopolitan plans to keep it open through the summer, possibly longer, before converting the pop-up space into a new entertainment concept.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , , , ,

GET YOUR FIRST LOOK AT 2021 DATA AND 2022 PROJECTIONS FOR THE WINE AND SPIRITS INDUSTRIES. ORDER YOUR 2022 IMPACT DATABANK REPORTS. CLICK HERE.

Previous :  Next :