Tag Archive: New York City
New York’s Sherry-Lehmann Projects Revenue Growth Of 7% For Its Fiscal 2012
Sherry-Lehmann, one of Manhattan’s most renowned wine shops, reports that revenues for its fiscal 2011 ended August 31 reached $45 million, up 7% from the previous fiscal year. CEO Chris Adams says calendar fourth quarter sales last year ended strongly after a weak start in October and November. He expects to achieve another 7% sales increase for fiscal 2012. Shanken News Daily recently spoke with Adams about the highly acclaimed 2009 and 2010 Bordeaux vintages, and prospects for sales of the 2009 Burgundy vintage at Sherry-Lehmann. Continue reading →
Posted in News on February 10, 2012News Briefs for January 10, 2012
•Whole Foods is expanding its line of wines with no sulfites added (NSA) to become the first national retailer to carry USDA Certified Organic NSA wines from Italy and Spain. Continue reading →
Posted in News on January 10, 2012News Briefs for December 20, 2011
•Treasury Wine Estates has reduced its global workforce by approximately 5%. The job cuts—which included 30 of the company’s Napa County-based employees—are the result of Treasury’s ongoing organizational restructure following its split from former parent group Foster’s earlier this year. Continue reading →
Posted in News on December 20, 2011News Briefs for December 7, 2011
•Treasury Wine Estates has made the fifth and final appointment in its new brand management structure, naming Gary Burnand as managing director of Penfolds. Continue reading →
Posted in News on December 7, 2011News Briefs for December 5, 2011
•Pernod Ricard’s Kahlúa liqueur brand has partnered with Food Network chef Marcela Valladolid for the launch of the Delicioso Brunch Club. Continue reading →
Posted in News on December 5, 2011News Briefs for November 28, 2011
•Scotch producer Edrington Group reported a 2% increase in turnover to £278.7 million ($433.9m) for the six months to September 30. Continue reading →
Posted in News on November 28, 2011
