Rémy Cointreau has continued to battle tough conditions in the U.S. Cognac market recently, as the French drinks player posted organic sales down 19% to €1.2 billion ($1.3b) for its full fiscal year through March. Better sales in China helped … The post Rémy Cointreau: U.S. Cognac Recovery Could Take Time appeared first on Shanken News Daily ..read more

Waterford Whisky, maker of Irish single malts, has partnered with distributor Frederick Wildman & Sons to enter the New York and New Jersey markets. The brand was founded by Mark Reynier, also founder of independent bottler Murry McDavid and the … The post Mark Reynier’s Waterford Irish Whiskey Expands Into New U.S. Markets appeared first on Shanken News Daily ..read more

•Boston-based Latitude Beverage is debuting a new Añejo extension to the Zarpado Tequila brand. Retailing at $38 a 750-ml., the newcomer is made from 100% mature Blue Agave grown in the Los Valles region of Jalisco. It’s debuting nationally online … The post News Briefs for April 26, 2024 appeared first on Shanken News Daily ..read more

Pernod Ricard saw organic net sales dip 2% to €8.9 billion ($9.5b) for the nine months through March, as challenges in the U.S. and China continued in the most recent quarter. In the third quarter through March, Pernod reported stable … The post Pernod Aims For Better Finish To Fiscal Year After Tough Third Quarter appeared first on Shanken News Daily ..read more

Ed Sands of Washington, D.C.’s Calvert Woodley Fine Wines & Spirits, died April 22 at the age of 84. Known especially for wine, Calvert Woodley became a D.C. institution, with its clientele ranging from “local civilians to Supreme Court justices,” … The post Calvert Woodley’s Ed Sands, A Market Watch Retailer Of The Year, Dies At 84 appeared first on Shanken News Daily ..read more

A solid performance in the Tequila and RTD segments boosted Grupo Cuervo in the U.S. in the first quarter of the year, even as currency fluctuations and challenging conditions in some global markets impacted its overall results. Global sales were … The post Tequila, RTDs Boost Cuervo In The U.S. appeared first on Shanken News Daily ..read more

•Napa-based importer and marketer Quintessential Wines has been named the exclusive U.S. importer for New Zealand’s Marisco Family Vineyards, effective June 1. The third-generation family-owned winery is based in the Waihopai Valley of Marlborough and owns 2,500 acres of vineyards. … The post News Briefs for April 25, 2024 appeared first on Shanken News Daily ..read more

New York-based importer and marketer Banfi has long been known for its stable of Italian wines, with the portfolio also including Pacific Northwest and Chilean offerings across its 700,000-case volume. Banfi CEO Cristina Mariani-May tells SND the company is well-positioned … The post Banfi Intent On Further Premiumization, Boosted By Strong Brunello Vintage appeared first on Shanken News Daily ..read more

Upscale vodka brand Grey Goose, part of the Bacardi portfolio, is expanding its range at the top tier with a new expression called Altius. The new offering is aimed exclusively at top bars, nightclubs, and restaurants, selling in 700-ml. and … The post Grey Goose Extends At The High End With On-Premise Focused Altius appeared first on Shanken News Daily ..read more

•New York-based importer Monsieur Touton Selections has added Fiol Prosecco to its range. The brand includes Prosecco Extra Dry NV in 750-ml. and 1.5-liter formats retailing at approximately $19 and $39 respectively. Vintage-dated Fiol Prosecco DOC Rosé retails at approximately … The post News Briefs for April 24, 2024 appeared first on Shanken News Daily ..read more