Archive for April, 2016

Constellation Brands achieved strong sales and profit growth in its recently-completed fiscal year, and expects more of the same in the year ahead. For the 12 months ended February 29, Constellation enjoyed a 9% net sales gain and an 18% … Continue reading →

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Louis Latour, who ran Burgundy wine company Maison Louis Latour from 1958 to 1998, died yesterday of heart failure. He was 83. “He had a good life,” his son Louis-Fabrice, current president of the business, told Wine Spectator. “He was … Continue reading →

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•Kroger has made “a meaningful investment” in specialty grocery chain Lucky’s, which it says will significantly accelerate Lucky’s growth in new and existing markets. Specializing in natural, organic and locally grown products, Lucky’s is based in Colorado and operates 17 … Continue reading →

The post News Briefs for April 6, 2016 appeared first on Shanken News Daily. Read more

•Oregon-based Hood River Distillers’ Trail’s End Bourbon is set to hit a slew of new markets this year. Trail’s End (90 proof/$50 a bottle) launched last year in an initial batch of 1,400 nine-liter cases that shipped to 20 states. … Continue reading →

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Constellation Brands has made another blockbuster luxury wine purchase, agreeing to buy the brands of the Prisoner Wine Company from Huneeus Vintners. The portfolio includes five brands, including superstar blend The Prisoner, Saldo, Cuttings, Blindfold and Thorn. The transaction, expected … Continue reading →

The post News Alert: Constellation Buys The Prisoner And Related Wine Brands For $285 Million appeared first on Shanken News Daily. Read more