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

News Briefs for May 1, 2018

May 1, 2018

•William Grant & Sons’ The Balvenie has unveiled the 2018 release of its limited-edition peated single-malt. The Balvenie Peat Week Aged 14 Years is a 48.3%-abv single-vintage whisky, distilled in 2003 from peat-dried barley and matured in American oak. The whisky is now available throughout the U.S. for a suggested price of $100 a 750-ml. Only 3,000 cases will be allocated for the U.S. market. This is the second Peat Week release from The Balvenie, which launched the series last year.

•Prestige Beverage Group is acquiring ready-to-drink cocktail brand Joia Spirit for an undisclosed sum. The Joia Spirit lineup features three expressions, including a Sparkling Cosmopolitan (7% abv), Sparkling Moscow Mule (7% abv), and Sparkling Greyhound (6% abv), with each cocktail featuring just 110-125 calories per 6-ounce serving. The trio is available in 12-ounce slim cans, priced at $3 each or $12 a 4-pack.

•Private label winemaker Truett-Hurst has appointed Karen Weaver chief financial officer. In her new role, she will also concurrently serve as the Sonoma-based company’s principal financial officer and principal accounting officer. Weaver most recently served as Truett-Hurst’s vice president, corporate controller, and prior to that, held a variety of leadership roles at biotechnology company Amyris Inc., serving as vice president and corporate controller, vice president, finance, and principal accounting officer.

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