Wine & Spirits Daily

  • SVB: Something "is changing" in the Wine Biz
    on January 19, 2018 at 6:00 am

    Despite some one-off recessionary years where US wine consumption took a dive, the long-term volume trends for the wine category have consistently increased. In 1979 US consumers drank just over 300 million gallons annually, and now its much closer to 800 million gallons. […]

  • Beam Accuses Former Exec of Sharing Trade Secrets
    on January 18, 2018 at 7:57 pm

    Beam Suntory is taking Rudy Costello, its former vp and general sales manager, to court for allegedly violating a confidentiality and non-compete agreement he made last year. […]

  • Pernod Completes Avion Acquisition
    on January 17, 2018 at 6:09 pm

    Pernod Ricard USA has completed an acquisition of the remaining stake it did not already own in Tequila Avion. Pernod began a joint venture with Tequila Avion in 2011, before increasing its stake to a majority in 2014. […]

  • DTC Sales Set to Break Records Again
    on January 16, 2018 at 2:22 am

    In 2016, direct-to-consumer wine sales hit $2.3 billion and preliminary numbers show 2017 was yet another record breaking year in revenue. ShipCompliant is set to reveal its annual DTC report later this week, but they gave us a sneak peek of what will be in it. […]

  • Off-Premise Sales Growth Outpaces On-Premise in 2017
    on January 12, 2018 at 8:20 pm

    In yesterday's issue, we focused primarily on wine trends in 2017 [see WSD 01-11-2018]. Today we'll dig a little more into spirits trends, which reported healthy volume growth (more than wine and beer), and where things stand in the on and off-premise channels going into 2018. […]