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

News Briefs for March 20, 2019

March 20, 2019

•Diageo’s Roe & Co. Irish whiskey has launched in the U.S. in select on- and off-premise locations. The 45% abv whiskey is non-chill-filtered and was created through a collaboration between Diageo master blender Caroline Martin and five of Ireland’s top bartenders. Later this spring, Roe & Co. will open its St. James’s Gate distillery and production will move in-house. The whiskey is currently available in Massachusetts, Connecticut, Rhode Island, New Jersey, Maryland, and Washington, D.C.

•Following yesterday’s news that Vintage Wine Estates has acquired Pinot Noir and sparkling wine specialist Laetitia on California’s Central Coast, a source tells Wine Spectator that the price was in the $30-$40 million range. Wine Spectator’s website has a full report.

•Michter’s has announced the April release of U.S.-1 Barrel Strength Kentucky Straight Rye Whiskey. The average abv of the Barrel Strength Rye is 55.4%, but because the release is drawn from multiple individual barrels, the proof will vary slightly depending on the bottle. The release follows the February opening of the company’s Fort Nelson Distillery and tourism experience on Louisville’s Whiskey Row. Michter’s U.S.-1 Barrel Strength Rye will be available in limited quantities across the U.S. for a suggested price of $75 a 750-ml.

•Fever-Tree mixers has announced the launch of three new ginger expressions. Available at select on- and off-premise locations nationwide, Spiced Orange Ginger Ale, Smoky Ginger Ale, and Refreshingly Light Ginger Ale will retail online for $6 a 200-ml. 4-pack at Reserve Bar. Last year, Fever-Tree opened a new Brooklyn-based U.S. subsidiary, and expanded its on-trade partnership with Southern Glazer’s to 30 markets. The U.K.-based company posted a 39% revenue increase to £236 million ($311m) for its fiscal year ended in December.

•AB InBev has named Marty Barrington as chairman, succeeding Olivier Goudet. Barrington was formerly chairman at Altria Group, which has a 10.2% stake in AB InBev. Concurrently, two members of private equity group 3G Capital are leaving the brewing giant’s board. They include 3G CEO Alexandre Behring—who is also chairman of Kraft Heinz—and investor Carlos Alberto Sicupira. Incoming members of the board will include Sicupira’s daughter, Cecilia, and Chinese auto exec Xiaozhi Liu.

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