Afternoon Brief
Afternoon Brief, January 9
Constellation Brands Plunges Most in Six Years on Forecast Cut: Constellation Brands Inc., the alcohol giant betting big on the cannabis industry, plunged the most since 2013 after the company cut its profit outlook and indicated its beer business is slowing down…
Afternoon Brief, January 8
Napa County Winery Permit Enforcement Deadline Spurs Scramble for Professionals: Napa County is undertaking a sizable effort this year to tighten enforcement of limits on how much local wineries can grow. But with less than three months until a deadline to file for permit modifications, there’s growing concern among the small cadre of professionals usually tasked with such documentation about meeting the deadline…
Afternoon Brief, January 7
Organic Grape Growing Harms Vineyard Soil, Says a Consumer Advocacy Group: According to the pro-science consumer advocacy group, American Council on Science and Health (ACSH), organic wine may not be good for the earth-or at the very least, it’s bad for the local vineyard soil…
Afternoon Brief, January 4
Constellation’s $3 Billion Wine Sale: What’s on the Block: Last fall, multiple reports surfaced that Constellation Brands is exploring a selloff of several wine labels among them Clos du Bois, Cooks, Arbor Mist, and Mark West as it looks to continue premiumizing its portfolio in line with market trends …
Afternoon Brief, January 3
2019 U.S. Alcohol Consumption to Increase While Population Growth Stagnates: In an abstract titled, Alcohol Consumption in the United States: Past, Present, and Future Trends published in the Journal of Wine Economics Volume 13, Number 2, James Fogerty and Derby Voon examined …
Afternoon Brief, January 2
The Hispanic Consumer Is Key to the Future of the Wine Industry: The growth of the Latino population in the United States is well documented and we know that it will continue to expand. This reality will provide opportunities for growth for many industries, notably in the food and beverage sector …
Afternoon Brief, December 28
Highs and Lows for Wineries: The South Okanagan wine industry had a tough time with smoke and the threat of fires this summer, but still managed to have a successful year with new events and wineries joining the scene…
Afternoon Brief, December 27
U.S. Ambassador to Israel Was Tricked into Investing in an Israeli Winery, Lawsuit Alleges: The U.S. Ambassador to Israel David Friedman was presented with allegedly fraudulent documents when he agreed to invest $730,000 in an Israeli wine company, according to a lawsuit filed Wednesday to a Tel Aviv District Court…
Afternoon Brief, December 26
Beer, Spirits, & Wine – Packaged Imports Grow +8.3% by Value Over Last Twelve Months Through October 2018, Packaged Exports Decline -10.3%: Total beverage alcohol imports (including bulk and packaged) grew +7.7% by value over the last twelve months and grew +5.6% by value over the last three months…
Afternoon Brief, December 21
Indicators of a Buoyant 2019: Judging by the reports Im hearing, 2018 has been a good one for many. Nowhere is that more evident than in the corporate and company Christmas gifts that are appearing on the desks of many in the trade …
Afternoon Brief, December 20
Trade-Enforcement Agencies Are Ramping Up Their Wine-Sales Investigations: Wholesalers and retailers of wine and spirits had better be aware of the new retail norms. The Washington D.C.-based Alcohol and Tobacco Tax and Trade Bureau (TTB) has been ramping up its investigations into legal infractions that break the Tied House Rules …
Afternoon Brief, December 19
3-Tier Wine Symposium Announced: The Wine Industry Network (WIN) today announced the launch of the 3-Tier Wine Symposium, a one-day intensive educational conference focused on how to best navigate the evolving and complicated world of distributor relations along with how to capitalize on the opportunities that still exist in the wholesale channel …
Afternoon Brief, December 18
Behind Wine Brand Kendall-Jackson’s Growing Direct-to-Consumer Strategy: Thirty-six-year-old family winery Kendall-Jackson has been selling select wines online at KJ.com since 2004. But with new attribution tools available, it has only recently begun to see a return-on-investment from selling direct-to-consumer …
Afternoon Brief, December 17
Farm Bill Contains Wine Provisions to Help Vintners: Federal farm bill contains provisions for wine industry. The $867 million federal farm bill recently passed by the U.S. Congress contains provisions that will benefit the domestic wine industry …
Afternoon Brief, December 14
The Great Haut-Brion Price Hack: It’s no surprise that the most expensive wine traded on the Liv-Ex fine wine exchange in 2018 was one that dragged the superlatives from the critics. Such wines are obviously rare and expensive, especially when they come from Bordeaux, but we’ve found a little hack that could see you getting similar quality for a much-reduced price…
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