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

News Briefs for August 28, 2014

August 28, 2014

•Heaven Hill Distilleries has introduced Elijah Craig 23-Year-Old Single Barrel Kentucky Straight Bourbon, a new limited edition offering. Rolling out into select markets nationwide this month, the 45%-abv entry, which features a prominent 23-year age statement on its label, is priced at $199.99 a 750-ml. Elijah Craig 23-Year-Old’s launch comes on the heels of 2012 release Elijah Craig 20-Year-Old, which has since sold out, and last year’s debut of Elijah Craig 21-Year-Old. In addition to the brand’s limited edition extra-aged offerings, the Elijah Craig stable includes the Elijah Craig 12-Year-Old and Elijah Craig Barrel Proof labels.

•After initial reports that Glen Ellen-based B.R. Cohn Winery had lost up to half its 2013 vintage due to the Bay Area’s recent earthquake, the company says it’s now estimating losses at only about 10%-15%. B.R. Cohn’s Napa warehouse contained approximately 2,600 barrels at the time of the quake, but only about 1,100 were full with wine. A significant portion of the 2013 vintage was in tanks and secure at B.R. Cohn’s Glen Ellen winemaking facility for bottling, which reduced losses, according to company president and CEO Dan Cohn. “As our cleanup has progressed, we’ve seen that the damage and loss of wine is less than we originally thought,” he said. B.R. Cohn is currently refocusing its portfolio upmarket, with 2014 volume expected to be around 50,000 cases.

•Bacardi Ltd. has named consumer goods veteran Kevin McNamara senior vice president and chief financial officer. He replaces former Bacardi senior vice president and CFO Joseph Schena, who was appointed in late 2012. McNamara, who has been with Bacardi Ltd. since 2013, most recently served as the group’s corporate controller. Prior to joining Bacardi, he served as executive vice president, chief financial and administration officer for food and beverage group Centerplate Inc., and has also previously held a variety of financial leadership roles at Procter & Gamble. In his new role, McNamara will report to Bacardi Ltd. CEO Michael Dolan, as well as the company’s executive vice president and chief administrative officer, a newly-created role that is set to be filled within the next few months.

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 :