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

Daily Archive: February 20, 2020

Alternative Formats, Brand Offshoots Fuel Growth For Barefoot

E.&J. Gallo-owned Barefoot is the second-largest wine brand in the U.S. by volume at more than 18 million cases, according to Impact Databank, and is the only wine brand with U.S. retail sales exceeding $1 billion. Continue reading →

Posted in News on February 20, 2020

Diageo Settles With SEC For $5 Million In Overshipping Case

Diageo has agreed to pay a $5 million penalty related to SEC charges that the company overshipped to distributors in its 2014 and 2015 fiscal years. Continue reading →

Posted in News on February 20, 2020

Truly Hard Seltzer Drives Gains For Boston Beer

Boston Beer Co. posted net revenues up 26% to $1.25 billion in its fiscal year through December, with gains for its Truly hard seltzer and Twisted Tea brands offsetting declines in Samuel Adams and Angry Orchard. Continue reading →

Posted in News on February 20, 2020

News Briefs for February 20, 2020

•Prestige Beverage Group’s Astoria brand has added a Sparkling Rosé and Sparkling Red Moscato to its portfolio. Continue reading →

Posted in News on February 20, 2020