Wine & Spirits Daily

  • TWE Done Pretending to Be Happy with Mediocre Distrib Performance
    on August 16, 2018 at 5:00 am

    Treasury Wine Estates continued its transformation in the all-important Americas region for the fiscal year ended June. Shipments in the region declined 13% as a result of: its exit from lower margin commercial end of the category; inventory reduction from route-to-market changes; and the decision not to repeat the deep discounting model used in previous Q4 periods. […]

  • Constellation Invests Addt'l $4 Billion in Cannabis Company
    on August 15, 2018 at 5:00 am

    Constellation Brands is furthering its strategic partnership with cannabis company Canopy Growth Corp. with an additional $4 billion investment. This will increase Constellation […]

  • Precept Wine Buys Truett-Hurst Wholesale Biz for $18 Million
    on August 14, 2018 at 5:00 am

    Seattle-based Precept Wine has acquired Truett-Hurst […]

  • Spirits Volumes Spike in Q2
    on August 13, 2018 at 5:00 am

    The latest bev alc trends from BW166 are in, and wine and spirits servings were up by 2.3% and 3%, respectively, while beer servings declined 2.4% for the 12 months through June. […]

  • Audit Shows North Carolina ABC Wasted Over $13 Million
    on August 10, 2018 at 5:00 am

    An audit of the North Carolina Alcoholic Beverage Control Commission wasted as much as $13 million in taxpayer dollars over the last 13 years. The major issues were that the commission did not procure, administer or monitor its contract costs for warehousing and distribution service contract with a company called LB&B, and that it was renting warehouse space it kept empty. […]