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06.2010

Massachusetts Beverage Business

archivedAtPressTime

NO ROLL BACK FOR ALCOHOL SALES TAX

In a frustrating move, the House has rejected Republican-led efforts to lift the state’s new sales tax on alcohol sold in stores as well as an amendment to repeal last year’s increase in the sales tax, which raised the rate from 5 percent to 6.25 percent. The proposed tax cuts were introduced during the Massachusetts House’s state budget debate in late April. Although liquor stores rightfully assert that the tax is driving customers to neighboring [...] Read More »

MAKER’S MARK SEALS IT UP

It turns out that you can trademark wax. Not only is the Maker’s Mark red wax seal iconic, it’s now the company’s exclusive property. A federal judge issued an injunction in April preventing Casa Cuervo from using a dripping wax seal on its tequilas sold in the United States, ending a seven year legal battle over the bottle topper. The ruling by US District Judge John G. Heyburn II comes in a long-running lawsuit between [...] Read More »

C&C MAKES A SALE TO WILLIAM GRANT

C&C, the Irish maker and distributor of alcoholic drinks, has sold its spirits and liqueurs brands to William Grant for €3OO million (US $46O million). Among the brands involved are: Tullamore Dew Irish whiskey, Carolans Cream Liqueur, Frangelico hazelnut liqueur, and the whiskey liqueur Irish Mist. They are exported to more than 8O international markets. The division’s management team and employees will transfer with the business. It employs 57 people in Ireland. William Grant will [...] Read More »

FOREIGN MARKETS A BOON FOR PERNOD RICARD

If the Asian market is any indication, things could be looking up for the spirits industry. Drinks company Pernod Ricard has raised its forecast for full-year earnings after reporting better-than-expected sales in its third quarter, thanks to strong demand for premium Cognac in China and an improvement in US demand. The company said it expected profit from recurring operations to rise by 3 percent in organic terms in the financial year ending in June, from [...] Read More »

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