News Briefs for March 11, 2021March 11, 2021
•New York-based wine importer and marketer Vintus is adding Spain’s Juvé & Camps to its import portfolio. Juvé & Camps is known for Gran Reserva Cava, of which it claims a 36% global share and a 64% share within the U.S. Juvé & Camps farms its 700 acres under a certified organic regime, hand harvests all grapes, and goes well beyond the 30 months of minimum aging required by the Gran Reserva category, Vintus notes. Juvé & Camps CEO Meritxell Juvé said the company sees “huge potential for further growth in the U.S.” for its wines, which include the flagship Reserva de la Familia, as well as a Brut Rosé and top-end Gran Juvé, which is aged for 42 months.
•Constellation Brands is investing $10 million in the Clear Vision Impact Fund, LP, a newly-formed investment vehicle founded by Siebert Williams Shank & Co., LLC, which Constellation says is the only U.S. investment bank certified as a women and minority-owned enterprise. The Clear Vision Impact Fund’s objective is to make investments in minority-owned businesses, with an emphasis on African American/Black-owned businesses; businesses that operate in or serve underserved, predominantly African American and Latinx, markets; and businesses that foster inclusive growth. The move is part of Constellation’s pledge to invest $100 million in African American/Black and minority-owned businesses by 2030.
•Agave Loco has announced the national release for RumChata Limón. The 14% abv liqueur is a blend of Caribbean rum and cream with added vanilla and lemon flavoring. In addition to making Limón available across the U.S., the company has added new sizes—a 375-ml. bottle ($16) and a 3-pack of 100-ml. bottles ($12)—to the roster. RumChata Limón is also available in 750-ml. bottles for around $22 at retail.
•Stamford, Connecticut-based Evaton Inc. has announced a series of changes to its corporate leadership team. Mark Rodriguez—now Evaton’s vice president of sales, east region—was most recently vice president, southeast region. Additionally, April Gordon has been named vice president of marketing; in her new role she will be responsible for brands like Sandeman and Ramazotti, among others. Finally, Joseph Eckrich, vice president of the central region, will see his territory expand as he takes Texas, Louisiana, Oklahoma, and Arkansas under his purview.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.