News Briefs for July 18, 2017July 18, 2017
•Stock Spirits has agreed to take a 25% stake in Quintessential Brands’ Irish whiskey business for €18.3 million ($21m). Quintessential Brands, founded by former Campari CEO Enzo Visone and former investment banker Warren Scott in 2011, began construction on its €15 million ($17.2m) The Dublin Liberties distillery earlier this year. Quintessential’s Dubliner brand ($28) is handled in the U.S. by Minnesota-based Prestige Wine & Spirits. Stock Spirits, with 2016 revenues of €261 million ($300m) and operating profit of €40 million ($46m), counts Poland, Czech Republic and Italy as its core markets.
•Port house Taylor Fladgate is commemorating its 325th anniversary with a new limited-edition bottling. Made with a blend of oak-matured Ports, the Taylor Fladgate 325th Anniversary Reserve Tawny is comprised of Touriga Nacional, Touriga Francesa, Tinta Barroca, Tinta Roriz, Tinta Cão and Tinta Amarela and is packaged in a 1692-style bottle. The 20%-abv offering is rolling out in the U.S. this month, retail priced at around $37.99 a bottle. Taylor Fladgate is part of The Fladgate Partnership portfolio, which also includes the Croft and Fonseca Port brands. Kobrand handles The Fladgate Partnership range in the U.S.
•Agave Loco has extended RumChata with the debut of FrappaChata, a ready-to-drink alcoholic iced coffee. A blend of RumChata cream liqueur and Arabica and Robusta dark roast coffees, the 12.5%-abv FrappaChata is currently available in 1.75-liter and 100-ml. formats retailing at $19.99 and $1.99, respectively. Initially limited to off-premise venues in Illinois, Wisconsin and Minnesota, the liqueur-based iced coffee will soon roll out nationwide, accompanied by an extensive advertising campaign, Agave Loco says.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.