Diageo endured declines in both volume and net sales in North America in its recently completed fiscal year, and the incoming head of its North American unit says the situation isn’t likely to improve much in the coming months. Diageo’s … Continue reading →
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Francis Ford Coppola Winery has unveiled Vendetta, a new California red blend retailing at $24.95. Making its debut with a 2013 vintage, Vendetta is a blend of 66% Cabernet Sauvignon from Mendocino County and 34% Malbec from Monterey County. The … Continue reading →
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Ste. Michelle Wine Estates has reported a net revenue increase of 7.3% to $295 million for its first half ended June 30, as shipments rose 4.9% to 3.77 million cases over the same six-month period last year. The Washington winemaker’s … Continue reading →
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•Anheuser-Busch InBev’s U.S. sales to retailers were down 1.9% in its fiscal first half ended in June, the company has reported, compared with an estimated industry decline of 0.8%. The beer behemoth’s U.S. shipments slid 3.5% to 54 million hectoliters … Continue reading →
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•Rabbit Hole Spirits LLC has unveiled plans to build a craft distillery in Louisville. The company, which has been selling Bourbon and unaged moonshine over the past year in cooperation with the New Riff Distillery in Newport, Kentucky, and the … Continue reading →
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Ongoing progress in the U.S. propelled growth for Moët Hennessy in its fiscal first half ended in June, as the luxury drinks marketer saw revenue increase 15% on a reported basis (2% organically) to €1.93 billion ($2.13b). Driven by “sustained strong performance … Continue reading →
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Maker’s Mark is toasting a victory in federal court, after Judge John Houston dismissed a class action case accusing the Beam Suntory Bourbon brand of false advertising. Plaintiffs Safora Nowrouzi and Travis Williams had charged that Maker’s Mark’s “handmade” label … Continue reading →
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