Pernod Ricard in exclusive talks to buy Cognac maker Le Maine au Bois
Source: Wall Street Journal French alcoholic beverage group Pernod Ricard Monday said it has started exclusive talks to buy Le Maine au Bois SAS, a French cognac maker fully owned by Pierre-Hubert Lassalle. In a regulatory filing with the Paris stock regulator, Pernod...
Buying wine on-line – there doesn’t appear to be a universally successful approach to online wine selling
Source: New York Times In an ever more digital world, there are a few things that remain reassuringly analog. Wine, for example. The mysteries of a Montrachet or the magic of a Margaux remain too complex and too nuanced to reduce to the zeros and ones of digital DNA,...
LVMH’s wine and spirits portfolio records sales growth of 11% and profit growth of 14% in 2012
Source: The Spirits Business Revenue for the group as a whole, which also includes fashion label Louis Vuitton and Christian Dior, rose by 19% to €28.2billion compared to the previous year. LVMH’s wine and spirits portfolio itself recorded organic sales growth of 11%...
Diageo to build its own Tequila, following the organic route similar to Ciroc
Source: Reuters Diageo, the world's biggest spirits group, signaled a more reticent acquisition strategy following a recent buying spree, saying it wants to develop its own tequila brand after ending talks to buy a stake in Jose Cuervo. Diageo will announce details...
Constellation Brands brought back to earth by US suit to block ABInBev/Grupo Modelo deal
Source: Wall Street Journal For months, Constellation Brands Inc. has been basking in the expectation that its revenue would soon double, thanks to a side transaction related to Anheuser-Busch InBev's takeover of Mexican brewer Grupo Modelo. But Constellation's star...
US sues to block ABInBev’s deal for Grupo Modelo
Source: Wall Street Journal The U.S. government sued to block the world's biggest beer maker from spending $20 billion to get even bigger, the latest deal to fall prey to global antitrust regulators. The surprise lawsuit seeks to block Bud Light maker Anheuser-Busch...
Beam reporting results – net sales up 11%
Source: Beam Deerfield, Illinois, February 1, 2013 – Beam Inc. (NYSE: BEAM), a leading global premium spirits company, today reported results for the fourth quarter and full year 2012. For the full year 2012, reported net sales increased 7% to a record $2.5 billion....
Shipping wine in bladders is becoming the new normal for wine exports, not only for value wines
Source: Bloomberg Hardys became the U.K.’s best- selling Australian wine by selling bottles for as little as 3.40 pounds ($5) in the face of a rising domestic currency. To do that and still earn a profit, the winemaker turned to plastic bags -- 24,000-liter plastic...
Wine Market Council finds that wine drinking has expanded to more consumers, more venues and more occasions
Source: Wine Enthusiast Amid a still-challenging economic environment, wine sales continued to grow in 2012, according to the Wine Market Council—an independent, nonprofit trade association—and The Nielsen Company, which presented their annual findings on U.S....