Daily Archive: October 7, 2015
With Demand Rising Quickly, Prosecco Taps “Harvest Reserve” To Ensure Supply
With the Prosecco category surging—from around a half-million cases in the U.S. in 2008 to 3.5 million cases last year—producers and growers have been actively debating in recent months whether the industry will continue to have enough wine to satisfy rising market demand. Continue reading →
Posted in News on October 7, 2015SABMiller Quickly Rejects ABI’s $104 Billion Bid, But Top Shareholder Altria Open To Deal
Apparently, the third time wasn’t a charm for Anheuser-Busch InBev (ABI). Just hours after ABI made a $104 billion cash offer for archrival SABMiller, SABMiller formally rejected the bid, saying it “seriously undervalues” the company. Continue reading →
Posted in News on October 7, 2015News Briefs for October 7, 2015
•Constellation Brands achieved solid sales growth in its second quarter, propelled by a double-digit increase for its beer business. Continue reading →
Posted in News on October 7, 2015Craft Brewing and Distilling News for October 7, 2015
•Providence, Rhode Island’s Narragansett Beer is adding to its specialty Lovecraft Series with the release of Reanimator Helles Lager. Continue reading →
Posted in News on October 7, 2015
