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30
AprCraft Brewing and Distilling News for April 30, 2018
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•Kona Brewing Co. has unveiled Gold Cliff IPA as the latest addition to its seasonal Aloha Series. Rolling out ahead of the summer season, Gold Cliff is made with Mosaic, Chinook, Topaz, and Citra hops and infused with pineapple. The … Continue r... Read more
27
AprNews Alert: Kraig Naasz Leaving The Distilled Spirits Council
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Kraig Naasz has resigned as president and CEO of the Distilled Spirits Council, effective in June, the group said. Naasz is going to Washington2 Advocates (W2A), a lobbying firm with offices in Washington, D.C. and Bellevue, Washington, where he has &#... Read more
27
AprCurrency Woes, Price Hikes Cut Into Cuervo’s First-Quarter Sales And Profits
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Grupo Cuervo saw its first-quarter sales decrease 12.7% to $229 million, due to currency fluctuations and what it called a “short-term decline” in the U.S. and Canada following price increases. Operating profit was down 36% to $51 million. In the ̷... Read more
27
AprTerressentia Releases First Products From Its Kentucky Distillery
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Owensboro, Kentucky-based O.Z. Tyler Distillery, owned by Terressentia Corp., has launched O.Z. Tyler Bourbon. It’s Terressentia’s first non-sourced whiskey made using its TerrePURE process—a “fast filtering” technology that employs ultrasonic energy, ... Read more
27
AprConstellation Brands Enters Fast-Growing Hard Seltzer Segment
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Constellation Brands’ beer division is launching Svedka Spiked premium seltzer in 10 northeastern states early next month. Packaged in 6-packs of 12-ounce slim cans retailing at $10, the malt-based hard seltzers will be available in Strawberry Elderflo... Read more
27
AprNews Briefs for April 27, 2018
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•The Entenmann family of baked goods fame has sold its North Fork of Long Island property, Big E Farm, to a family-run Mexican wine company for $15 million. The sale, finalized April 20, includes Martha Clara Vineyards, which includes a … Continu... Read more
27
AprCraft Brewing and Distilling News for April 27, 2018
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•The Boston Beer Company saw net revenue grow 17.8% to $190.5 million in the first quarter, with shipments rising 15% over the same period last year. The strong first quarter, with depletions rising 8%, was attributed by new CEO Dave … Continue r... Read more
26
AprProsecco Still On A Strong Rise, But Growth Appears To Be Decelerating
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Global growth of Prosecco slowed somewhat in 2017, as export shipments increased just 4.6% in volume terms to 28.8 million 9-liter cases, compared to 19% growth the year prior. Shipment volume to the United States also decelerated last year, rising ... Read more
26
AprBardstown Bourbon Co. In Expansion Mode
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Kentucky’s Bardstown Bourbon Co., minority-owned by Constellation Brands, is set to double capacity to nearly 7 million proof gallons (about 3.5 million cases) with the installation of a second still. The new 50-foot, custom-made still marks Bardstown ... Read more
26
AprSte. Michelle Revenues Rebound In First Quarter
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After posting a revenue decline in 2017, Ste. Michelle Wine Estates saw sales rebound in the first quarter of this year. The Washington-based winemaker posted revenues up 1.4% to $142 million for the three months through March, parent group Altria R... Read more
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