Opinion (from Glenn Gilbert): Great Britain has a drinking problem; U.S. shouldn’t import it
The movie “Field of Dreams” produced a notion that has embedded itself firmly in the American psyche: “If you build it, they will come.” Research has consistently shown that is the case with facilities that sell alcoholic beverages. The more stores there are, the more...
Opinion (from Glenn Gilbert): Great Britain has a drinking problem; U.S. shouldn’t import it
The movie “Field of Dreams” produced a notion that has embedded itself firmly in the American psyche: “If you build it, they will come.” Research has consistently shown that is the case with facilities that sell alcoholic beverages. The more stores there are, the more...
Russian Standard chairman Roustam Tariko and his Roust Trading group have agreed to take up to an 85% stake in CEDC in exchange for $172 million in cash
Central European Distribution Corporation (NASDAQ: CEDC) announced today that the Company and its subsidiary, CEDC Finance Corporation International, Inc. (“CEDC FinCo”), have amended their exchange offers, commenced on February 25, 2013, to reflect terms...
Scientists develop red wine ‘wonder pill’
A new study has found conclusive evidence that the red wine compound resveratrol directly activates a protein that promotes health and longevity in animals. While red wine contains low concentrations of resveratrol, pharmaceutical compounds similar to it may be able...
Female drinking on the rise as alcohol companies target women
Experts suggest women may be catching up to their male peers when it comes to alcohol consumption. A group of researchers gathered in Toronto on Friday to discuss what they describe as a rise in female drinking. Several said booze was the new tobacco, saying alcohol...
Wine Canister Act moves through legislature in Florida
A bill that would widen the availability of high-end wines by the glass is moving forward through the Florida legislature. The Florida Wine Canister Act (SB 658) unanimously passed the Regulated Industries Committee on Thursday, March 7. The bill would allow...
China’s wine market bubbles, but not with Champagne
The West may toast birthdays and weddings with Champagne, but China still hasn’t found a taste for the bubbly, a new study finds. China, including Hong Kong, is the world’s fifth-largest wine market, and its thirst for wine is on the rise, according to the report...
Campari 2012 earnings off overall – US business positive highlight, growing strongly with organic revenue up 8.6%
Positive results in a very difficult environment thanks to U.S. and strengthened route to market Transformational year on perimeter driven by the acquisition of Lascelles deMercado which will help further improve brand and market mix SUMMARY - Sales +5.2% (organic...
Renaissance of a category: Pisco
There’s a buzz in the air in Lima, Peru. It’s not just the scores of cars, often stuck in gridlock, or the packs of young people who walk the streets and dine at a bevy of innovative late night Peruvian eateries. Peru has a palpable energy of a place where something...