Extending its foray into spirits, The Wine Group (TWG) has entered the rum and low-calorie premix cocktail categories with the launch of Flipflop rum and Lulu B. Fabulous Cocktails, respectively. Continue reading →
Posted in News on March 15, 2012Just days after naming a new global chief executive, Bacardi says it’s planning a raft of new products for the U.S. market. Continue reading →
Posted in News on March 15, 2012•The Craft Brew Alliance reported net sales of $149.2 million for the full year ended December 31, 2011, up 13% from $131.7 million in the year earlier. Continue reading →
Posted in News on March 15, 2012Impact Databank is set to release its exclusive analysis of the world’s top 100 spirits brands by retail sales value, which shows total top-100 retail revenues rising by 6.5% to $77.3 billion last year. Continue reading →
Posted in News on March 14, 2012•Beam Inc. has raised prices on its Bourbon brands and could take a second round of U.S. price hikes this year, Beam North America president Bill Newlands told the Reuters Food and Agriculture Summit earlier this week. Continue reading →
Posted in News on March 14, 2012New Jersey-based Winebow was founded in 1980 by Leonardo LoCascio to focus on importing high-end Italian wines to the United States. Since then, the company’s import portfolio has grown to include wines and spirits from Chile, Argentina, Spain, Portugal, Austria, Australia, Scotland, Brazil and Japan—a total of approximately 1.8 million cases with an average retail price of $16 a bottle—with Italy remaining the core of the business. Winebow also operates as a wine and spirits wholesaler in New York, New Jersey, Pennsylvania, Washington, D.C., Connecticut, Massachusetts, Illinois and Montgomery County, Maryland. Earlier this year, former majority owners Freeman Spogli & Co. of Los Angeles sold their stake in Winebow to another private equity firm, Dallas-based Brazos. While LoCascio remains chairman of the company, day-to-day operations are now led by veteran wine executive Jon Moramarco, who serves as president and CEO. Shanken News Daily recently spoke with Moramarco about the company’s recent progress and prospects for the future. Continue reading →
Posted in News on March 13, 2012
