News Briefs for July 25, 2018July 25, 2018
•Moët Hennessy enjoyed a strong first half of 2017, with revenues up 7% on an organic basis to €2.3 billion ($2.7b) and profit from recurring operations increasing 7% to €726 million ($848m). The French drinks giant said prestige vintages drove growth in its Champagne unit, particularly in Europe and Japan, although a shipment delay dampened Champagne sales in the U.S. in the first half. Meanwhile, the group noted that Hennessy Cognac continues to show strong gains in the U.S. despite tight supplies, and added that its business in China is progressing rapidly amid the market’s return to growth for international spirits.
•More than a decade after launching Wind Gap Wines in California’s Sonoma Valley, Pax Mahle is walking away from the winery. Mahle sold his remaining 50% share in June to his partner Terroir, the wine company founded by one-time rising star Charles Banks. The deal includes the winery, its inventory, and a separate brand called Agharta. Mahle retains his winemaking facility in Sebastopol and the former Wind Gap tasting room, which is now home to his namesake brand, Pax. Wine Spectator has the full story.
•Brown-Forman is backing its recently launched Jack Daniel’s Tennessee Rye whiskey label with a new television campaign. The platform, which includes both a 30-second and 15-second spot, is currently airing across premium cable networks, including AMC, Discovery, FS1, and TBS. Rolled out late last year, Jack Daniel’s Tennessee Rye is made with 70% rye, 18% corn, and 12% malted barley and retails at around $27 a 750-ml. The Jack Daniel’s franchise—excluding flavors—was up 1.1% to more than 5.2 million cases in the U.S. last year, according to Impact Databank.
•The BevMo retail chain has partnered with Minibar Delivery to bring alcohol delivery to its customers in the Los Angeles, California area. Beginning today, shoppers will be able to order from four BevMo stores in the region and have their purchases delivered within one hour. Orders can be placed on Minibar Delivery’s website or app, which is available for both iPhone and Android. Minibar Delivery’s service is currently available in 41 states throughout the U.S. BevMo has 166 stores across California, Arizona, and Washington.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.