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

News Briefs for January 5, 2018

January 5, 2018

•Folio Fine Wine Partners is expanding its Tuscan wine stable with the addition of Bibi Graetz, effective immediately. Folio will handle Graetz’s Testamatta, Colore, Casamatta, Bugia, Soffocone di Vincigliata and Bollamatta labels. In price, the wines range from Casamatta Rosso and Bianco at $15 up to Soffocone di Vincigliata at $49, Testamatta at $99 and Colore, produced only in exceptional years, at $600. Graetz farms a total of 80 hectares (198 acres) of owned and leased vineyards. Folio will handle the Graetz wines nationally, focusing on fine wine-focused restaurants and retailers.

•Speyside single malt Scotch whisky brand Glen Moray is adding a new Sherry Cask Finish expression to its lineup. Retailing at $30 a 750-ml., Glen Moray Classic Sherry Cask Finish was first aged in North American ex-Bourbon barrels for six to seven years and then finished in Oloroso Sherry casks for nine to 12 months. The new entry is rolling out nationally through importer Prestige Beverage Group. Glen Moray is owned by France’s La Martiniquaise.

•Castle Brands has agreed to acquire $4.2 million worth of aging and new-fill Bourbon from an unnamed distiller to bolster its Jefferson’s brand. With the new agreement, Castle Brands’ total purchases of aging and new-fill Bourbon have reached nearly $10 million in its current fiscal year. Castle Brands COO John Glover said the company will continue to build Jefferson’s and Jefferson’s Reserve “through innovation and the introduction of new expressions, including the expansion of our wine finishes program and the launch of the next voyages of our Jefferson’s Ocean Aged at Sea Bourbon, including Cask Strength and a ‘Wheated’ Ocean offering.”

•Cooper’s Hawk Winery & Restaurants, the Chicago-based company that owns some 30 restaurants and runs a 300,000-member wine club, is offering bonuses of nearly $75 in merchandise to any club member who travels to California in the next year. The program is meant to drive tourism to the state’s fire-ravaged wine country and provide a boost to its economy. To qualify, proof of stay at a Napa or Sonoma-area hotel is required. Partner wineries, including Buena Vista, De Loach and Raymond, are offering complimentary tours and tastings to the members. “Our hearts go out to all who have been impacted by the devastating California wildfires,” said Cooper’s Hawk CEO Tim McEnery.

•MillerCoors is extending its Henry’s Hard Soda brand with a new Lemon Lime flavor. Launching nationally next week in six-packs of 12-ounce bottles, Henry’s Hard Lemon Lime is a new year-round offering in the brand portfolio alongside the existing Orange and Grape flavors. The 4.2%-abv extension joins the lineup as Henry’s Ginger Ale and Cherry Cola expressions are set to depart. The launch of Lemon Lime will be backed by a national ad campaign including TV, digital and out-of-home components.

Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.

Tagged : , , , , ,

Get your first look at 2019 data and 2020 projections for the wine and spirits industries. Order your 2020 Impact Databank Reports. Click here.

Previous :  Next :