Breakthru Beverage acquires craft distributor C.R. Goodman
Breakthru Beverage looks to expand its reach in Colorado by acquiring C.R. Goodman, a craft beer wholesaler. Ken Goodman, owner of C.R. Goodman, noted the changing landscape in Colorado and said, “We felt the timing was right to make this change for our suppliers,...
New Capabilities for Nielsen Liquor Data
Client demand for greater insight into the challenging, fragmented, and highly important On Premise market has pushed the market research and data giant, Nielsen, to develop the Nielsen CGA On Premise service to compare On Premise and Off Premise markets. This...
Optimistic Outlook from US Liquor Distributors for Next Two Quarters
Spirit and wine distributors seem to have a positive outlook for the next 6 months. According to a study from Morgan Stanley, “Among U.S. distributors, 53 percent of our respondents are more optimistic about the next 6 months vs. 40 percent in our April survey.”...
Direct to Consumer Wine Sales Increase
There was positive growth of wine sales in the month of August with direct-to-consumer wine shipments experiencing the most dramatic increase. DtC shipments have increased overall in 2016 and sales have reached $2.2 billion in the last 12 months, showing a 14%...
Scotch Whiskey Volume Growth in Europe
Scotch whisky export volumes are on the rise in Europe—the first time since 2013. Scotch accounts for more than 25% of profits for industry giants Diageo and Pernod Ricard, according to Jefferies International. This would make a significant impact for both companies...
Cognac Category Growth & Future Trends
The month of August saw solid growth for cognac in the US market. LVMH, the leader of the segment, reported that “management sees a ‘strong’ opportunity for the more premium segment.” With that being said, cognac did very well in the US this past month. According...
Strict Alcohol Laws from Around the World
It is evident to those seeking to enter or those who have entered the U.S. beverage market that the U.S. regulations are amongst the most complex to navigate. That being said, there are many other countries that have regulatory requirements that are unique to its...
TTB Extends Commenting Period for Proposed Wine Labeling Revisions
The TTB has extended the commenting period on their proposed wine labeling revisions for wine made from out-of-state grapes and bulk wine. The period originally had a deadline of August 22, but will now be open until December 7 of this year. The extension was...
Iowa Distilleries May be Able to Sell On-Site in 2017
A task force assembled by Governor Terry Branstad has met and will continue to meet over potentially changing state alcohol laws in Iowa. In an effort to promote economic development and prevent consumers from going across borders to neighboring states, the group...