News Briefs for February 3, 2014
February 3, 2014•Moët Hennessy has posted a global revenue increase of 1.2% to €4.19 billion ($5.7b) for 2013 (on an organic basis, revenues were up a buoyant 6%). The U.S. market accounted for 23% of the group’s revenue last year, up from 22% a year earlier. Moët Hennessy’s Champagne business saw volume rise 1% to 57 million bottles in 2013, while its Hennessy Cognac division was up 3% to 69 million bottles. The rest of the company’s spirits brands—including Glenmorangie and Belvedere, among others—rose 7.6% to 17 million bottles, while its still and sparkling wine labels (excluding Champagne) increased 3.2% to 45 million bottles. In other Moët Hennessy news, the group has named Marc Hoellinger as a permanent replacement for Paul Skipworth as CEO of Glenmorangie. Hoellinger had been leading the single malt brand on an interim basis since Skipworth took a leave of absence last year. Skipworth has transitioned to a new role as senior vice president for strategy, reporting to Moët Hennessy CEO Christophe Navarre.
•New Jersey’s Bottle King Discount Wine & Liquors recently unveiled a 19,000 square-foot store and headquarters office in Livingston. Located at the Livingston Circle, the new beverage and gourmet food shop replaces one of the original Bottle King stores that opened in Livingston in 1975. A recent grand opening event featured Silver Oak Cellars winemaker Daniel Baron and samplings of the winery’s Cabernet Sauvignons. Bottle King, one of the largest beverage alcohol retailers in the Garden State, operates 15 stores in northern and central New Jersey.
•Edrington Americas has inked a new deal with New York’s MHW Ltd., which will handle U.S. distribution, customer service, compliance and logistics services for the Edrington portfolio starting April 1. The partnership is intended to maximize the development of Edrington’s premium stable, including The Macallan, The Famous Grouse, Cutty Sark and Highland Park Scotch whisky brands and the Brugal rum range, in the U.S. market. Edrington’s U.S. business—with volume of around 500,000 cases—has long been handled by Rémy Cointreau USA. But last year, Edrington announced that it would be taking over control with the formation of a new subsidiary, Edrington USA, set to take over in April.
Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.Tagged : Belvedere, Bottle King Discount Wine & Liquors, Brugal, Champagne, Cutty Sark, Edrington Americas, Edrington USA, Glenmorangie, Hennessy Cognac, Highland Park Scotch whisky, MHW Ltd., Moet Hennessy, Rémy Cointreau USA, Silver Oak Cellars, The Famous Grouse, The Macallan
