News Briefs for October 22, 2014October 22, 2014
•Baron Philippe de Rothschild SA—parent company of Bordeaux first-growth Château Mouton-Rothschild—has appointed Philippe Sereys de Rothschild chairman of its supervisory board. The role had previously been filled by Philippe de Rothschild’s mother, Baroness Philippine de Rothschild, who passed away on August 23 at the age of 80. Prior to the appointment, Philippe de Rothschild had served as vice chairman of the board since 2006. In addition to Château Mouton-Rothschild, Baron Philippe de Rothschild SA’s holdings include Château Clerc Milon, Château d’Armailhac, Domaine de Baron’arques, California’s Opus One and Chile’s Almaviva.
•Total Wine & More is making headway in its embattled bid to open a new location in Bloomington, Minnesota, with the state’s Administrative Law Judge (ALJ) ruling that Total Wine has met all legal requirements to be granted a license for the store. The ALJ ruling is expected to be considered by Bloomington’s city council, which is set to take formal action on the matter at its upcoming November 3 meeting. Total Wine first unveiled plans for the Bloomington store last year, but the project was delayed following strong opposition from both the city council and the Minnesota Licensed Beverage Association. If approved, the Bloomington outpost would mark Total Wine’s fourth Minnesota location, joining the retail chain’s Roseville, Burnsville and soon-to-open Woodbury stores. Meanwhile, Total Wine is set to open a new store in University Park, Florida this week, bringing its Florida footprint to around 23 locations.
•Heineken’s revenue rose by 0.7% organically to €5.6 billion ($7.1b) for its fiscal third quarter, ended in September, as volume increased 0.1% to 52.4 million hectoliters. The Dutch brewer saw sustained growth in volumes across its Asia Pacific, Africa-Middle East and Americas regions, with the Heineken brand itself up 3%, led by strong performances in China, Brazil, Mexico, Taiwan, Russia, Canada and the U.K. In the U.S., the company said sales to retailers were positive for the quarter, with its Mexican portfolio—which includes Dos Equis and Tecate—showing solid growth and the Heineken brand outperforming the market. Last month, Heineken, the third-ranked global brewer by volume, rejected a takeover offer from second-ranked SABMiller.
•La Martiniquaise’s Label 5 blended Scotch brand has released Label 5 Gold Heritage, a new super-premium extension. Gold Heritage features a blend of hand-selected whiskies from different casks, aged for a variety of years. The new expression, which is priced at $40 a 750-ml., will initially launch in the U.S., China and Australia, with worldwide availability to follow. Gold Heritage joins Classic Black, Extra Premium 12-year-old, Extra Rare 18-year-old and Reserve No. 55 in Label 5’s Scotch portfolio. The 10th-largest Scotch brand in the world, Label 5 sells around 2.5 million cases globally, including about 20,000 cases annually in the U.S. market.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
Tagged : Almaviva, Baron Philippe de Rothschild SA, Château Clerc Milon, Château d’Armailhac, Château Mouton-Rothschild, Domaine de Baron’arques, Dos Equis, Heineken, La Martiniquaise, Label 5, Opus One, SABMiller, Tecate, Total Wine & More