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

News Briefs for June 10, 2019

June 10, 2019

•Basil Hayden’s Caribbean Reserve Rye, Macallan Estate, and Templeton Barrel Strength Straight Rye are among the new offerings featured in Whisky Advocate’s latest whiskey roundup. The magazine’s website has all the details.

•Tequila marketers received some welcome news over the weekend, as the U.S. administration backed off its threat to impose tariffs on all Mexican products as part of a new deal with Mexico concerning immigration. A 5% tariff was scheduled to go into effect today, with the levy potentially rising as high as 25% in the coming months as the U.S. looks to exert pressure on Mexico over migration across the southern border. With the deal reached in recent days, the U.S. will now suspend those tariffs indefinitely. However, the administration warned that the tariff plan could reemerge if Mexico’s Congress does not approve the new agreement.

•Brown-Forman has agreed to acquire The 86 Company and its Fords gin brand for an undisclosed sum. A collaboration between Simon Ford and master distiller Charles Maxwell of Thames Distillers, Fords gin retails in the super-premium segment and is aimed at the mixology community. Brown-Forman president and CEO Lawson Whiting said the move gives the company a brand with strong momentum in one of the more vibrant areas of the spirits market. Ford and The 86 Company team will continue to be involved in producing and building the brand moving forward. The deal is expected to close within 30 days.

•Massolino, founded in 1896, is well established in Italy’s Serralunga d’Alba appellation in Barolo, where the estate includes vineyards in the Vigna Rionda, Margheria, and Parafada menzioni geografiche aggiuntive (MGA), recognized vineyard crus. Now Massolino is expanding its Nebbiolo horizons. Last month, the winery entered into an agreement to rent nearly 10 acres of vineyards in the Neive commune in Barbaresco. Wine Spectator has the full story.

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