News Briefs for October 20, 2015October 20, 2015
•While Monterey’s Chalone Vineyard wasn’t included in Treasury Wine Estates’ $600 million purchase of Diageo’s wine business last week, The Times of London is reporting that Diageo may soon put Chalone on the block. Diageo obtained Chalone in 2004 for $260 million. At the time, Diageo owned a series of West Coast wineries. However, the drinks giant has gradually moved away from wine, and Treasury has now acquired most of its remaining wine business. Diageo declined to comment.
•Total Wine & More has opened its first store in Miami Beach, located at the Fifth & Alton shopping center. The new 19,000-square-foot store, which opened October 15, marks the retail chain’s 25th Florida outpost. It’s also the first Total Wine in South Florida to offer a Brewery District including 32- and 64-ounce growler fills (64-ounce fills became legal in Florida in July following a long legislative push).
•Stoli Group USA’s Stolichnaya vodka has unveiled its first complete packaging revamp in more than 80 years. Stoli’s fully redesigned bottle and packaging are intended to increase its appeal among Millennials. Beginning this November, the company will roll out the new designs worldwide across the portfolio, with full distribution expected by early 2016. The redesigned bottle is taller and features an embossed logo on the neck, and the new textured label is color-coded for the flavored offerings. In 2014, Stoli Vodka grew 6% to 1.6 million cases in the U.S. following five years of declining volume, according to Impact Databank.
•The Lutfy family, owners of specialty wine shop Fine Wine Source in Livonia, Michigan, have opened a new wine-focused restaurant concept, Vertical Detroit. Billed as the Motor City’s “first high-end, wine-centric restaurant,” Vertical Detroit is located in downtown Detroit’s historic Ashley building. It features an expansive wine list of 500 bottles, as well as 52 wines by-the-glass. In addition to the 90-seat restaurant, the new concept includes a bar area and retail wine shop with a 17-foot tasting table and a collection of 400 wines covering all price points.
•Luxco’s Pearl vodka has added a pair of seasonal flavors—Pumpkin Spice and Chocolate Hazelnut—to its lineup. The pair will be available for a limited time, joining Pearl’s existing range of 15 flavored entries and unflavored Black Label expression. Priced at around $11.99 a 750-ml., Pearl was flat at 300,000 cases in the U.S. last year, according to Impact Databank.
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