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

Monthly Archive: January 2021

Ste. Michelle Closes Challenging Fiscal Year, As On-Premise Shutdown Takes A Toll

Ste. Michelle Wine Estates saw revenues decline 10.9% to $614 million in its fiscal year through December, with adjusted operating profit falling 30% to $51 million. Continue reading →

Posted in News on January 28, 2021

News Briefs for January 28, 2021

•Southern Glazer’s Proof e-commerce platform has topped $1 billion in revenue since launching in 2019. Continue reading →

Posted in News on January 28, 2021

Craft Brewing and Distilling News for January 28, 2021

•Atlanta, Georgia’s Sweetwater Brewing Company has launched Oasis hard seltzer, one of the latest entries in the explosive category. Continue reading →

Posted in News on January 28, 2021

Whisky Advocate: Dewar’s Turns To Port Casks For Its Latest Limited Edition

For the last couple of years, Dewar’s has been making strides in cask finishing, spurred on by changes to the Scotch Whisky Technical file in 2019 that allow for a host of new cask types—such as mezcal, the finish for Dewar’s 8 year old Ilegal Smooth. Continue reading →

Posted in News on January 27, 2021

Moët Hennessy Sees Second-Half Recovery, Led By Cognac

Following a steep decline in its fiscal first half owing to the pandemic, Moët Hennessy saw a recovery in the six months through December, driven by the U.S. and China. Continue reading →

Posted in News on January 27, 2021

Beam Suntory To Move Global HQ To The Big Apple

Beam Suntory will transition its global headquarters from Chicago to New York City in mid-2022. Continue reading →

Posted in News on January 27, 2021

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