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

Daily Archive: April 27, 2018

News Alert: Kraig Naasz Leaving The Distilled Spirits Council

Kraig Naasz has resigned as president and CEO of the Distilled Spirits Council, effective in June, the group said. Continue reading →

Posted in News on April 27, 2018

Currency Woes, Price Hikes Cut Into Cuervo’s First-Quarter Sales And Profits

Grupo Cuervo saw its first-quarter sales decrease 12.7% to $229 million, due to currency fluctuations and what it called a “short-term decline” in the U.S. and Canada following price increases. Continue reading →

Posted in News on April 27, 2018

Terressentia Releases First Products From Its Kentucky Distillery

Owensboro, Kentucky-based O.Z. Tyler Distillery, owned by Terressentia Corp., has launched O.Z. Tyler Bourbon. Continue reading →

Posted in News on April 27, 2018

Constellation Brands Enters Fast-Growing Hard Seltzer Segment

Constellation Brands’ beer division is launching Svedka Spiked premium seltzer in 10 northeastern states early next month. Continue reading →

Posted in News on April 27, 2018

News Briefs for April 27, 2018

•The Entenmann family of baked goods fame has sold its North Fork of Long Island property, Big E Farm, to a family-run Mexican wine company for $15 million. Continue reading →

Posted in News on April 27, 2018

Craft Brewing and Distilling News for April 27, 2018

•The Boston Beer Company saw net revenue grow 17.8% to $190.5 million in the first quarter, with shipments rising 15% over the same period last year. Continue reading →

Posted in News on April 27, 2018