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

Monthly Archive: February 2020

Cuervo’s Full-Year Sales Jump 9%, But Agave Costs Weigh Down Earnings

Grupo Cuervo enjoyed strong net sales and volume growth in its fiscal year through December, but its profits continue to be slowed by increasing agave costs. Continue reading →

Posted in News on February 28, 2020

Wine Spectator: How Will The Coronavirus Impact The Restaurant And Wine Industries?

For almost all of February, the streets in the busiest cities of the world’s most-populous nation have been empty. Continue reading →

Posted in News on February 28, 2020

Sales Slip At MGP On Slower Demand, Increased Competition For Its Whiskies

MGP Ingredients saw consolidated sales decline 3.5% to $363 million in its 2019 fiscal year ended in December, with operating income sliding 5.8% to $47 million. Continue reading →

Posted in News on February 28, 2020

News Briefs for February 28, 2020

•Sonoma, California’s Bundschu Company has purchased Valley of the Moon Winery on Rancho Agua Caliente in Sonoma Valley. Continue reading →

Posted in News on February 28, 2020

Craft Brewing and Distilling News for February 28, 2020

•San Diego-based Cutwater Spirits, part of the Anheuser-Busch InBev portfolio, has launched Tequila Soda, a 7%-abv canned cocktail made from Tequila, house-made soda and a hint of lime. Continue reading →

Posted in News on February 28, 2020

New Zealand Wine Bolsters Import Market, As Double-Digit Growth Continues

New Zealand wine exports to the United States reached another all-time high in 2019 as bottled table wine shipments increased 12% to 5.9 million 9-liter cases, according to Impact Databank. Continue reading →

Posted in News on February 27, 2020

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