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Consolidation Accelerates At The Middle Tier

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Amid ongoing consolidation across the second tier, the U.S. market’s leading wine and spirits wholesalers are projecting steady growth for 2018. Fresh challenges certainly abound—including the rise of e-commerce, an increase in private label activity, ... Read more

Bacardi Completes Patrón Tequila Acquisition

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Bacardi Ltd. has completed its deal to acquire 100% of Patrón Spirits International. Announced in late January, the transaction values Patrón Spirits at around $5.1 billion and follows Bacardi’s initial 2008 purchase of a 30% minority stake in the comp... Read more

News Briefs for May 1, 2018

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•William Grant & Sons’ The Balvenie has unveiled the 2018 release of its limited-edition peated single-malt. The Balvenie Peat Week Aged 14 Years is a 48.3%-abv single-vintage whisky, distilled in 2003 from peat-dried barley and matured in American... Read more

Craft Brewing and Distilling News for May 1, 2018

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•Fort Collins, Colorado-based New Belgium Brewing Company has promoted Christian Holbrook to production brewmaster. Holbrook will now oversee the company’s facilities in Colorado and Asheville, North Carolina, following the late 2017 departure of Peter... Read more

Wine Spectator: Do American Consumers Want Bordeaux’s Latest Vintage Yet?

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Last week on the Place de Bordeaux, the exchange where Bordeaux’s négociants buy and sell wines, Châteaus Palmer and Valandraud surprised many by getting an early start on the 2017 futures campaign. The two estates released their 2017 futures at &#8230... Read more

Bob Dylan Links With Spirits Investment Partners To Unveil Heaven’s Door Whiskey Range

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Bob Dylan has collaborated with beverage alcohol investment group Spirits Investment Partners (SIP) to launch Heaven’s Door Spirits, a new collection of American craft whiskies. The range, which features whiskies from various distillers and blenders, c... Read more

News Briefs for April 30, 2018

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•Importer Europvin USA has launched Rimapere, a New Zealand wine brand owned by Compagnie Vinicole Baron Edmond de Rothschild. Sourced from Edmond de Rothschild’s 60 acres of vineyards in the Wairau Valley region of Marlborough, Rimapere means “five ar... Read more

Craft Brewing and Distilling News for April 30, 2018

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•Kona Brewing Co. has unveiled Gold Cliff IPA as the latest addition to its seasonal Aloha Series. Rolling out ahead of the summer season, Gold Cliff is made with Mosaic, Chinook, Topaz, and Citra hops and infused with pineapple. The … Continue r... Read more

News Alert: Kraig Naasz Leaving The Distilled Spirits Council

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Kraig Naasz has resigned as president and CEO of the Distilled Spirits Council, effective in June, the group said. Naasz is going to Washington2 Advocates (W2A), a lobbying firm with offices in Washington, D.C. and Bellevue, Washington, where he has &#... Read more

Currency Woes, Price Hikes Cut Into Cuervo’s First-Quarter Sales And Profits

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Grupo Cuervo saw its first-quarter sales decrease 12.7% to $229 million, due to currency fluctuations and what it called a “short-term decline” in the U.S. and Canada following price increases. Operating profit was down 36% to $51 million. In the &#823... Read more