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

Monthly Archive: January 2023

Rémy Cointreau Up 10% Through Three Quarters, Despite Cognac Slowdown

Rémy Cointreau saw sales climb 10% to €1.3 billion ($1.4b) in the nine months through December, representing the first three quarters of its fiscal year, but the company posted a 6% decline in its most recent quarter as Cognac sales slowed in the U.S. market. Continue reading →

Posted in News on January 27, 2023

Gallo Closes CA Distributor After Upping RNDC Partnership

After strengthening its ties with Republic National Distributing Co. (RNDC) in its home state of California earlier this month, E.&J. Gallo is set to close its direct distribution house in the Golden State. Continue reading →

Posted in News on January 27, 2023

Champagne Drives Moët Hennessy’s Full-Year Sales To $7.7 Billion

Moët Hennessy has posted sales up 11% organically to approximately $7.7 billion for its full fiscal year ended in December, as profit from recurring operations rose 16% to $2.3 billion. Continue reading →

Posted in News on January 27, 2023

News Briefs for January 27, 2023

•Espanita Tequila has announced a new line of limited-release Barrel Reserve spirits, starting with Double Barrel Reposado Tequila.  Continue reading →

Posted in News on January 27, 2023

Craft Brewing and Distilling News for January 27, 2023

•Michigan’s Traverse City Whiskey Co. has broken ground on its new production facility in the company’s namesake city. Continue reading →

Posted in News on January 27, 2023

Diageo’s Sales Rise 9% To $11.6 Billion In Fiscal First Half

Diageo saw net sales increase 9% on an organic basis to approximately $11.6 billion during its fiscal first half ended in December, as organic operating profit rose 9.7% to just under $4 billion. Premium-plus brands contributed 57% of reported net sales and drove 65% of organic net sales growth, with the company seeing global gains across most categories, led by Scotch, Tequila, and beer. Continue reading →

Posted in News on January 26, 2023

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