News Briefs for October 16, 2015October 16, 2015
•Rémy Cointreau achieved 6.1% sales growth during the first half of its fiscal year, as a 5.9% dropoff in the company’s organic sales was offset by the currency impact of the weak Euro. For the six months ended September 30, the Paris-based drinks marketer’s flagship Rémy Martin Cognac endured a 3.1% slide in its organic sales (although sales rose by 13.1% on a reported basis), as solid results in the Americas and Europe, the Middle East & Africa (EMEA) regions were unable to fully compensate for a sharp sales decline in Asia-Pacific.
•Heaven Hill Brands’ Elijah Craig Bourbon has re-released its 18-Year-Old Single Barrel label. First launched in 1994, the expression has been off the market for the last three years due to inventory shortages. Around 15,000 bottles of Elijah Craig 18-Year-Old are rolling out across key metro markets, retailing at $120 a 750-ml. Concurrently, the brand has also re-launched limited quantities of its Elijah Craig 23-Year-Old Single Barrel, which retails at $199 a 750-ml.
•Global Spirits USA, a subsidiary of Eastern Europe’s Global Sprits, is introducing Pervak Vodka to the Nevada market through an expanded partnership with Wirtz Beverage Group. The Ukrainian vodka brand offers rye- and wheat-based expressions packaged in swing-top bottles reminiscent of those used in the country’s home distilling tradition. Pervak Vodka ($17.99 a 1-liter) has been available in New York, New Jersey and Connecticut for over a year. The Global Spirits lineup recently entered the California market with Young’s Market Company and plans expand to Arizona in the coming months.
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