News Briefs for October 21, 2024
•For nearly 2,000 people, the opening night of the 43rd Wine Experience was a can’t-miss event. Continue reading →
News Alert: LVMH Denies Rumors of Moët Hennessy CEO Departure
Moët Hennessy parent company LVMH has denied rumors that wine and spirits division CEO Philippe Schaus was to be replaced, according to reports from Reuters. Continue reading →
Posted in News on October 18, 2024The Wine Group Targets On-Premise Opportunity
With annual volume of 39 million cases—led by the Franzia brand—The Wine Group is the second-largest wine marketer in the U.S., and a force in the retail segment. Continue reading →
Posted in News on October 18, 2024News Briefs for October 18, 2024
•Leading chef and humanitarian José Andrés is always working. Continue reading →
Pernod’s U.S. Sales Dip 10% In First Quarter, As Destocking Continues
Pernod Ricard reported sales down 5.9% on an organic basis to €2.8 billion ($3b) for its fiscal first quarter ending in September, citing significant declines in the U.S. and China with foreign exchange impacts also contributing to the challenging conditions. Continue reading →
Posted in News on October 17, 2024Treasury Sees Strong Start To New Fiscal Year
Updating the market ahead of its annual general meeting, Treasury Wine Estates executives said today that the company has seen a strong start to its fiscal year ending next June, with first-quarter net sales increasing by double-digits on an organic basis, boosted partially by shipment phasing.
