Tag Archive: Bordeaux
News Briefs for September 7, 2011
• Caesars Entertainment Corp. will begin construction on a $550 million dining, retail, entertainment and hospitality district later this year, to be located on the heart of the Las Vegas strip. Continue reading →
Posted in News on September 7, 2011Sherry-Lehmann’s Adams Optimistic About High-End Wine Business, Expanding Into New Territory
Sherry-Lehmann Wine & Spirits, the 77-year-old retailing powerhouse in New York City, has enjoyed steady growth in the wake of the recession and continued success of its Bordeaux business after Diageo pulled out in 2010. Led by CEO Chris Adams, who was also named chairman in November 2010, the Manhattan institution totaled $44.5 million last year, and Adams says sales were up 13% in the first half of 2011. Shanken News Daily recently spoke with Adams to discuss current retail trends and Sherry-Lehmann’s outlook for the future. Continue reading →
Posted in News on August 26, 2011News Briefs for August 25, 2011
•According to Bordeaux trade group Le Conseil Interprofessionnel du Vin de Bordeaux (CIVB), the region is set to experience a 35% rise in annual turnover—from around €3.4 billion ($4.9b) to €4.6 billion ($6.6b)—within the next five years. Continue reading →
Posted in News on August 25, 2011News Briefs for August 24, 2011
•Guinness Black Lager will be making its debut across the U.S. market in September. Continue reading →
Posted in News on August 24, 2011News Briefs for August 16, 2011
•Wine Spectator reports that an old horseracing track located in Bordeaux’s Pomerol appellation will soon be producing grapes. Continue reading →
Posted in News on August 16, 2011Reddic of Green’s Sees Growth In Super-Premiums and Value Brands
Green’s Discount Beverage Stores president Lock Reddic reports both a strong revival in super-premium spirits brands and stellar performance in the value priced segment, especially in vodkas, in his 6 stores in Atlanta (2) and South Carolina (4). Reliable industry sources estimate Green’s total company sales are over $60 million. Spirits account for 55% of sales, with wine at 24% and beer 21%. Reddic notes that his best growth indicator is case volume, with bottles sold up 1.5% so far in 2011. Shanken News Daily recently spoke with Reddic about sales trends in his stores. Continue reading →
Posted in News on August 12, 2011
