Dear Client: Amidst tough comps, Campari Group grew global organic net sales 0.2% for the first quarter of fiscal 2024, driven primarily by aperitifs and strong growth from Espolon in the US market.  Organic net sales were up almost 20% for the first quarter of fiscal 2023, Campari Group ceo Matteo Fantacchiotti reminded listeners on … You are unauthorized to view this page ..read more

Dear Client: The Diageo North America leadership team is getting a change-up, WSD has learned. Current president, US spirits Gregorio Gutierrez is leaving the company to pursue other career opportunities. Taking his place is current president, reserve & new business commercialization Stephen Rust, per an internal announcement.  Gregorio has been with Diageo since 2007, leading … You are unauthorized to view this page ..read more

Dear Client: There's been a lot of discussion in recent years around consumers drinking less– particularly younger consumers– leading to the better-for-you trend including growth in the no & low alc segment. But just how much of an impact is the moderation trend having on bev alc industry volume growth? A recent note from Bernstein … You are unauthorized to view this page ..read more

Dear Client: There's no question that we've seen a lot of shifting dynamics in the industry over the last several years. And what's top of mind now is whether we're seeing a normalization or if we've reached a tipping point. During a recent webinar hosted by Provi in partnership with SevenFifty Daily, a group of … You are unauthorized to view this page ..read more

Dear Client: The Duckhorn Portfolio today announced that current interim chief Deirdre Mahlan has been appointed president, ceo & chairperson, effective immediately.  You may recall, Deirdre took on the interim leadership role in September following the retirement of long-time chief Alex Ryan [see WSD 09-27-2023].  In the last six months the board conducted an internal … You are unauthorized to view this page ..read more

Dear Client: The US Drug Enforcement Administration (DEA) is set to reclassify cannabis from a Schedule I to a Schedule III drug, according to people familiar with the matter, reports The Associated Press.  HOW WE GOT HERE. The rescheduling process kicked off in the fall of 2022, when the Biden Administration announced a multi-pronged plan … You are unauthorized to view this page ..read more

Dear Client: The direct-to-consumer wine shipping channel has been down the last couple years. But in Q1 wine DTC net sales are "stabilizing," according to Enolytics co-founder and ceo Cathy Huyghe.  Cathy shared a first look at Enolytics DTC Q1 data during a webinar hosted by Provi and SevenFifty Daily late last week.  "Overall, cases … You are unauthorized to view this page ..read more

Dear Client: Remy Cointreau ended its fiscal year with global sales down 19.2% on an organic basis, partially thanks to continued weakness in the US market. In Q4, global sales were flattish, down 0.7%.  Overall, sales fell in line with expectations, coming in at the lower end of the -15% to -20% guidance for the … You are unauthorized to view this page ..read more

Dear Client: Cuervo kicked off its fiscal year with solid improvement in the US & Canada, but that growth was offset by declines in Mexico and the rest of the world. Cuervo's total volumes were down 4.4% and net sales were down 6.5% for the first quarter ended March 31.  A NEW CFO. Before we … You are unauthorized to view this page ..read more

Dear Client: At the end of last month, Uber officially shut down the Drizly app, just a few years after the tech giant acquired the platform for $1.1 billion [see WSD 01-17-2024]. Rabobank analyst Bourcard Nesin recently published a report breaking down the decision to decommission the Drizly platform. WSD caught up with Bourcard to … You are unauthorized to view this page ..read more