News Briefs for May 1, 2020May 1, 2020
•Austin, Texas-based Twin Liquors has expanded online ordering to over 90 stores. The online ordering option previously was available at only 12 Twin Liquors locations across Texas. The new expansion gives all Twin Liquors customers the ability to order through its website or app. All locations will offer pickup, and delivery is available where allowed by local laws.
•MGP Ingredients saw sales increase 11% to $99 million in its fiscal first quarter ended in March, with its premium beverage alcohol sales up 9.4% to $45.6 million. Brown spirits in particular were strong, advancing 17% to $29 million and offsetting a small decline in white spirits. “The improved performance of our distillery products segment was led by double-digit growth in sales of both new distillate and aged whiskey,” said CEO Gus Griffin. “Despite some significant changing dynamics at the retail level and potential challenges to specific customers, we believe the underlying macro consumer trend supporting the ongoing growth of the American whiskey category remains strong.”
•375 Park Avenue Spirits will add Glen Moray Scotch whisky to its import portfolio, effective June 1. The move will bring all four of Glen Moray’s collections—Elgin Classic, Elgin Heritage, Elgin Reserve, and Elgin Prestige—under 375 Park’s purview, joining Cutty Sark, which is owned by Glen Moray parent company La Martiniquaise-Bardinet. Glen Moray is currently handled by Prestige Beverage Group. 375 Park Avenue Spirits is owned by Sazerac, but operates independently.
•Speyside Scotch whisky maker The GlenAllachie Distillers Co. has appointed ImpEx Beverages as its exclusive U.S. importer, effective today, May 1. The GlenAllachie range of single malts includes the 10-year-old Cask Strength label, as well as its 12-, 15-, and 18-, and 25-year-old expressions. ImpEx will also handle MacNair’s Lum Reek, the distiller’s heavily peated blended malt Scotch. The GlenAllachie also has several new products in development, including a wood-finished range that’s slated for U.S. release in early 2021. GlenAllachie is owned by a consortium led by Scotch whisky entrepreneur Billy Walker, and was acquired from Pernod Ricard in 2017. The portfolio previously was handled in the U.S. by Winebow, and was sold in 11 states—the biggest being California, New York, and Illinois. ImpEx is aiming for a broader footprint, with a goal of adding 20 states beyond the existing markets.
•Luxardo, part of the Hotaling & Co. portfolio, is extending its range with a London Dry Gin. A 43% abv blend of nine botanicals, the juniper-forward gin retails at $35 and will be rolling out nationwide this summer. Based in Torreglia, located in the Veneto region in northeastern Italy, Luxardo is known for its Maraschino liqueur, among other offerings.
•Rémy Cointreau has closed its deal to acquire Cognac producer J.R. Brillet. The deal gives Rémy 50 additional hectares of vineyards in the Grande Champagne and Petite Champagne Cognac regions, as well as J.R Brillet’s namesake Cognac brand and its Belle de Brillet liqueur, which it considers to have strong potential for growth in the luxury liqueurs segment.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.