Daily Archive: August 13, 2020
Treasury Looks To Refocus U.S. Business As Covid-19, Private Labels Cut Into Full-Year Sales
Treasury Wine Estates posted net sales down 6% to A$2.6 billion ($1.9b) for its fiscal year ended in June, as headwinds from Covid-19 and challenging conditions in the U.S. continued to weigh on the company’s business. Continue reading →
Posted in News on August 13, 2020USTR Holds E.U. Tariff Rates In Place
In case you missed last night’s news alert, the U.S. Trade Representative has chosen to leave tariffs on E.U. wines and spirits in place at current rates, prompting an outcry from industry groups that say the tariffs are hurting U.S.-based importers, distributors, restaurants, and retailers and undermining the drinks business overall. Continue reading →
Posted in News on August 13, 2020Jose Cuervo Jumps Into Hard Seltzer With Playamar Brand
Hard seltzer’s explosive growth is leading major players from across the drinks industry to enter the fray. Continue reading →
Posted in News on August 13, 2020News Briefs for August 13, 2020
•Constellation Brands has taken a minority stake in Kerr Cellars, the San Francisco-based winery founded by pro golfer Cristie Kerr. Continue reading →
Posted in News on August 13, 2020Craft Brewing and Distilling News for August 13, 2020
•Garrison Brothers Distillery has expanded its partnership with RNDC/Young’s, bringing the Texas company’s whiskies to California and Washington, effective September 1. Continue reading →
Posted in News on August 13, 2020
