Archive for October, 2016

Lifted by a string of great vintages and soaring demand for Cabernet Sauvignon, the Napa Valley is enjoying an unprecedented boom. After blockbuster vintages in 2012, 2013 and 2014, its renown is greater than ever, and despite rising prices, demand … Continue reading →

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Yesterday, Constellation added to its burgeoning collection of premium wine brands, with an agreement to purchase five Washington brands from Charles Smith Wines for $120 million. The sale is expected to close later this month. With this deal, Constellation says … Continue reading →

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Solid results in the U.S. market led Rémy Cointreau to a 4% organic sales increase in its fiscal first half (ended in September), as revenue climbed to €513 million ($565m).  Rémy Martin Cognac—accounting for more than 60% of the group’s … Continue reading →

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•Beam Suntory has revealed plans to pour $1 billion into its Kentucky Bourbon operations over the next five years. According to the Louisville Business Journal, Suntory Holdings Ltd. CEO Takeshi Niinami told a Japan/American Society of Kentucky luncheon yesterday that … Continue reading →

The post News Briefs for October 18, 2016 appeared first on Shanken News Daily. Read more

•Stone Brewing has laid off about 5% of its workforce in a restructuring effort. The Escondido, California-based brewer blamed the reductions on a slowdown in growth and changes in the craft beer landscape, including a flurry of acquisitions by major … Continue reading →

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