Monthly Archive: July 2022
Cuervo Up 22% In The First Half, Despite Supply Chain Challenges
Grupo Cuervo achieved 22% net sales growth to just over $1 billion in its fiscal first half ended in June, even as supply chain struggles and tough comps hit U.S. volumes in the second quarter. The company’s operating income grew by 32% to $206 million in the first six months of the year. Continue reading →
Posted in News on July 29, 2022Beam Suntory To Invest $400 Million In Booker Noe Distillery Expansion
Beam Suntory will expand the capacity of its Jim Beam Brands Co. with a $400 million investment at the Booker Noe Distillery in Boston, Kentucky. Continue reading →
Posted in News on July 29, 2022News Briefs for July 29, 2022
•AXA Millésimes, the wine subsidiary of French insurance company AXA, has purchased Platt Vineyard from Russian River Partners, a vineyard investment fund managed by Eric Flanagan of Flanagan Wines in Healdsburg. Continue reading →
Posted in News on July 29, 2022Craft Brewing and Distilling News for July 29, 2022
•Nashville, Tennessee-based Nelson’s Green Brier Distillery is launching Nelson Brothers, a new whiskey line. Continue reading →
Posted in News on July 29, 2022Diageo’s Sales Approach $19 Billion On 21% Surge In Fiscal Year Through June
Diageo saw sales climb 21% to £15.5 billion (18.8b) in its fiscal year ended in June, with the company crediting the robust growth to “continued recovery of the on-trade, resilient consumer demand in the off-trade and market share gains, underpinned by favorable industry trends of spirits taking share of total beverage alcohol and premiumization.” Operating income jumped 26% on an organic basis to £4.4 billion ($5.3b). Continue reading →
Posted in News on July 28, 2022Champagne Propels Moët Hennessy’s First-Half Sales
Moët Hennessy saw sales increase 14% organically to €3.3 billion ($3.4b) in its fiscal first half ended in June, while profit from recurring operations jumped 25% to €1.15 billion ($1.2b). Continue reading →
Posted in News on July 28, 2022
