DODGED A BULLET!
In the end, all’s well that ends well. A week after the ABCC issued an extremely controversial advisory that it would require applicants for a farmer-brewery license to source half of their agricultural materials from in-state sources, the organization reversed its ruling. When first issued, the advisory instantly drew outrage from the state’s brewers who, without that license, would not be able to operate on-site tastings at breweries. Many feared they would have to pay [...] Read More »
WHO GOT INTO THIS YEAR’S MILLIONAIRES CLUB?
It’s the club every spirit’s brand wants to get into. Drinks International and Euromonitor International have published the Millionaires Club 2O11. The report lists spirits brands that sell over one million nine-liter cases. A record 172 brands made it into this year’s edition – figures are based on 2O1O sales volumes. Pernod Ricard led the way with 21 millionaire brands, followed by United Spirits with 2O brands and Diageo with 14. With 54 brands, vodka [...] Read More »
FORTUNE BREAKS ITSELF UP
Fortune Brands Inc. was one step closer to splitting itself up after it recently completed the $1.23 billion sale of its golf business, which includes Titleist golf balls. Fortune sold Acushnet, which also includes the FootJoy brand, to Korean investors led by athletic company Fila Korea Ltd. and Mirae Asset Private Equity. Acushnet will be based in Fairhaven, Massachusetts. Fortune announced late last year that it was splitting into three companies, keeping its liquor business [...] Read More »
MS WALKER ACQUIRES VALUE BRANDS
MS Walker, Inc. has acquired 15 brands from Lewiston, Maine-based White Rock Distilleries with a total sales volume of more than 4OO,OOO cases annually. Effective August 1, MS Walker assumed ownership and marketing rights for: Orloff Vodka (the number-one selling vodka in Maine), Zhenka Vodka (a top-selling spirits brands in New Hampshire), Poland Springs Vodka, and the Jenkins range, as well as Baroca, Chymes, Graves, Hampshire, Gold Crown, Canadian Regal, Bolero, Maroff, McGregor, Ron Virgin, [...] Read More »