Exclusive news and research on the wine, spirits and beer business

News Briefs for December 26, 2017

December 26, 2017

•Exports of 100%-agave Tequila to the United States increased 14.5% in the 11-month period ending in November, to 9.5 million nine-liter cases, according to recently released statistics from the Consejo Regulador del Tequila (CRT).The U.S. is by far the world’s largest market for Tequila, accounting for over 80% of all exports last year, according to the CRT. Shipments of 100%-agave comprise more than half of all Tequila exports to the U.S., and upscale brands have driven category growth in recent years. Impact Databank projects that the luxury Tequila segment ($40 and over a 750-ml.) will post an impressive 7.5% gain this year, to 3.5 million cases, with more than two-thirds of that volume coming from Patrón.

•Republic National Distributing Co. is mourning the loss of Jim Smith, a 40-year veteran of the drinks industry, who passed away recently. Smith began his career with National Distributing Co. in 1973 as a merchandiser in Tampa, eventually becoming Florida state president in 2000. In 2004, he transitioned to a state leadership role with RNDC in Colorado, and most recently he was the wholesale giant’s director of government and trade affairs. Smith is survived by his wife Patricia and son Patrick.

 

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