Craft Brewing and Distilling News for May 20, 2022
•Truly hard seltzer, part of the Boston Beer portfolio, will open a downtown Los Angeles taproom, Truly LA, on May 25. Continue reading →
Posted in News on May 20, 2022Interview: Lamberto Frescobaldi, President, Marchesi Frescobaldi
Like many leading fine wine players, Italy’s Marchesi Frescobaldi has faced rapidly shifting conditions in its key markets the last few years, but despite the pandemic, the supply chain slowdown, rising inflation, and other challenges, the company’s revenues continue to increase, reaching €135 million ($142m) in 2021, up from €120 million ($126m) in 2019. Continue reading →
Posted in News on May 19, 2022News Briefs for May 19, 2022
•Johnnie Walker has partnered with BlockBar to release seven bottles of a 48-year-old Scotch, along with corresponding NFTs. Continue reading →
Posted in News on May 19, 2022Diageo Ramps Up Growth For Aviation Gin
After joining the Diageo portfolio in 2020 along with the rest of Davos Brands in a deal worth up to $610 million, Aviation gin has bucked category trends, crossing the 100,000-case mark last year on 18% growth, according to Impact Databank. Continue reading →
Posted in News on May 18, 2022Concha y Toro Hikes Prices To Counter Rising Costs
After crossing the $1 billion mark in 2021, Chile’s Viña Concha y Toro saw sales climb 9% to $209 million in its first quarter ended in March, with EBITDA up 10% to $38 million. Continue reading →
Posted in News on May 18, 2022U.S. Wine Exports Up 11% To $1.4 Billion In 2021
U.S. wine exports rose 10.6% in value last year, resulting in $1.44 billion in total revenue, according to the Wine Institute. Continue reading →
Posted in News on May 18, 2022
