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Park Street Imports Receives “Great Workplace” Certification

Park Street Imports, LLC “Park Street” a provider of cutting edge software and back-office solutions for alcoholic beverage brands, today announced that it has been named a “Great Workplace” by the independent consulting firm – Great Places to Work®. The process is exhaustive and extensive. Great Places to Work reviews both employee and client surveys to determine a company’s rating. Park Street now counts itself part of an elite list of certified companies including Diageo, Royal Caribbean, Publix, Google and FedEx. According to Park Street CEO, Dr. Harry Kohlmann, “Highly engaged team members are what sets us apart in this industry and allows Park Street to provide an unparalleled level of service to our clients.” For the full article please click here: Newslink Press Release...

Wine & Spirits Daily: Goliath is Vulnerable and David is Winning

March 26, 2015 In recent years, spirits have outperformed both beer and wine categories with the compound annual growth rate (cagr) of consumption up 1.6% from 1992-2012. However, you may recall from some of our previous reports that the top spirits brands have begun losing momentum as the tail-end of the category picks up the pace. “Goliath is vulnerable and David is winning – not necessarily alone but as a group,” Park Street founder Harry Kohlmann told listeners at the recent American Craft Spirits Association conference. BIG BRAND STRUGGLE: As of 2013, the top ten spirits suppliers held about 80% of category revenue, but “all of them are having their own issues…. they’re not doing that great,” said Harry, adding that some retailers are carrying up to six months worth of inventory of these top products. You don’t have to take his word for it though, the proof is in the pudding: From 1993-2013, the top five spirits suppliers share of volume collectively dropped 5.6 percentage points , from 56% to just under 50%, per Beverage Information Group data. Though he did mention they were able to maintain revenue share (up 1.4 percentage points) through brand development and M&A. “What they’ve done is acquire to keep their market share,” he said. In looking at the six major categories — straight whiskey, vodka, rum, Scotch whisky, gin and tequila — large brands in each one of them have also struggled to maintain market share. The top five whiskey brands lost 17 percentage points, top five vodka brands lost 48 percentage points, Scotch brands dropped 40 and tequila brands dropped 54...