News Briefs for March 12, 2020March 12, 2020
•New Jersey distributor Fedway Associates has named John Devin as president of sales and marketing, effective April 20. Fedway’s current president, Neil Barnett, is retiring after 41 years with the company, though he will continue in an advisory capacity. Devin joins from Empire Merchants, where has been president and CEO since 2016 after holding a variety of senior roles over an 18-year tenure. He also previously held roles at Schieffelin & Somerset and Brown-Forman. Fedway has projected 2020 revenues of $960 million, according to Shanken’s Impact Newsletter.
•Pernod Ricard has invested in Italicus, an Italian bergamot-flavored liqueur. Terms were not disclosed. The 20% abv aperitivo was created in 2016 and is a resurrection of an historic Italian spirit called Rosolio, which is made with rose petals and other botanicals. According to creator Giuseppe Gallo, Italicus is based on a 19th century recipe. Gallo will remain as Italicus’ CEO and will lead the brand’s expansion with the assistance of Pernod Ricard’s global network. Italicus’ previous corporate backer, De Kuyper Royal Distillers, has sold its shares in the liqueur concurrent with Pernod’s investment.
•Rémy Cointreau has unveiled a new ultra-luxury edition of Louis XIII Cognac. The second iteration of the brand’s Opus of Time collection, Louis XIII Tribute To The City Of Lights 1900 is launching at select retailers globally, retailing at €7,000 ($7,860), in an edition of 2,000 numbered decanters. The new offering commemorates the year Paris hosted the World’s Fair, and has packaging created in partnership with Monnaie de Paris and the Cristallerie of Saint-Louis.
•Winesellers Ltd. is launching Sea Pearl Sauvignon Blanc in a canned format. The New Zealand import will debut 2-packs of 250-ml. cans retailing at $11 beginning later this month. Rolling out nationally, the new cans are the latest alternative format for Sea Pearl, which is also available in 19.5-liter stainless steel kegs for on-premise wine-on-tap programs. Sea Pearl is one of the fastest-growing labels for Winesellers Ltd., whose total volume is approximately 750,000 cases annually.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.