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

News Briefs for October 21, 2014

October 21, 2014

•Casamigos Tequila has extended its ultra-premium lineup with a new Añejo entry. The small-batch expression is made with 100% Blue Weber agave, which is roasted for 72 hours and then slow fermented for an additional 80 hours. Available in 1-liter, 750-ml., 375-ml. and 50-ml. formats, Casamigos Añejo is priced at $54.99 a 750-ml. and joins the brand’s existing Blanco ($45.99) and Reposado ($49.99) offerings. Casamigos, launched by actor George Clooney and entrepreneurs Rande Gerber and Mike Meldman in 2013, is handled in the U.S. by Sidney Frank Importing Co. and distributed nationwide.

•Australian wine exports inched up 0.7% to 688 million liters and held steady by value at A$1.78 billion ($1.57b) in the 12 months through September, according to the Australian Wine & Grape Authority (AGWA). Bottled shipments were down 7% to 283 million liters (31.4 million cases), but saw their average value climb 6% to A$4.83 ($4.26) a liter, while bulk exports rose 7% to 399 million liters. The price progress in bottled shipments was attributable to continued momentum for premium wines—those positioned at A$7.50 ($6.62) and above—AGWA said. While Australia’s premium-level exports to the U.S. market rose by double-digits—bottled exports to the U.S. saw average value advance 6% to A$3.49 ($3.08) a liter—its overall shipments to the States dropped 8% to 164 million liters over the past year.

 

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 :