News Briefs for February 17, 2022
•Diageo has expanded Crown Royal’s RTD portfolio with a new Whisky Lemonade. Continue reading →
Posted in News on February 17, 2022Craft Brewing and Distilling News for February 17, 2022
•Lansdale, Pennsylvania-based Boardroom Spirits is expanding its Ship’s Cat Rum lineup with a Spiced Rum, which joins Ship’s Cat Aged Rum (40% abv, $39 a 750-ml.), Navy Strength (64% abv, $27), and White (40% abv, $22). Continue reading →
Posted in News on February 17, 2022Wine Spectator: Napa’s Shafer Vineyards Sold to Korean Luxury Firm
One of Napa’s iconic wineries is changing hands. Doug Shafer, president of Shafer Vineyards, announced this morning that Shinsegae Property, a luxury brand firm based in Seoul, South Korea, with department stores, shopping centers, golf resorts, hotels, and other interests, has acquired his family’s winery. Continue reading →
Posted in News on February 16, 2022Treasury Wine’s Reshaped Americas Business Drives Luxury Growth
Treasury Wine Estates’ strategy to revamp and premiumize its Americas unit appears to be bearing fruit. Treasury Americas saw net sales revenue increase 13.6% on an organic basis to A$466 million ($333m) in its fiscal first half through December, while EBITS surged 46% to A$85 million ($61m). Continue reading →
Posted in News on February 16, 2022News Briefs for February 16, 2022
•The Wine & Spirits Wholesalers of America (WSWA) has announced that president and CEO Michelle Korsmo will leave in April to helm the National Restaurant Association. Continue reading →
Posted in News on February 16, 2022Report: Talks Toward A Monster-Constellation Merger Ongoing
Constellation Brands and energy drink player Monster Beverage are reportedly involved in ongoing talks toward a potential merger that could result in a combined company with market value of $90 billion. Continue reading →
Posted in News on February 15, 2022
