Extended alcohol service proposed in California
Restaurants, bars and nightclubs in California would be able to serve alcohol for two additional hours - until 4 a.m. - under a bill that has been proposed at the Capitol. The measure, SB635 by state Sen. Mark Leno, D-San Francisco, would allow cities and counties to...
Extended alcohol service proposed in California
Restaurants, bars and nightclubs in California would be able to serve alcohol for two additional hours - until 4 a.m. - under a bill that has been proposed at the Capitol. The measure, SB635 by state Sen. Mark Leno, D-San Francisco, would allow cities and counties to...
David Cameron abandons plans for minimum alcohol price in the UK
Sources have confirmed that the Coalition will not attempt to implement the Prime Minister’s plan for a 45p per unit minimum price. Mr Cameron had argued that making drinks more expensive would curb problem drinking, while several ministers argued that the minimum...
Lawmakers in Minnesota consider tax increase on alcohol
Two Rochester Democrats are considering a proposed increase in the state's liquor taxes as a way to fund a drug court in Olmsted County. A bill sponsored by Rep. Karen Clark, DFL-Minneapolis, would raise the taxes by 3.5 cents a glass on beer, 4 cents a glass on wine...
Oregon wine industry heats up with talk of ‘significant’ California investment
The wine-grape factory that is the Eola Hills is buzzing with word that a major California wine producer is buying vineyards in the area with an eye toward significant future investments. If it's true, the infusion of cash and acclaim could represent the biggest bump...
CEDC stock price jumps on debt swap as Kaufman cuts stake
Central European Distribution Corp. (CEDC), Poland’s second-biggest vodka maker, rose the most since the end of January in New York after a shareholder reduced his stake and the company announced a new debt swap offer. CEDC, as the maker of the Bols, Zubrowka and...
Opinion (from Glenn Gilbert): Great Britain has a drinking problem; U.S. shouldn’t import it
The movie “Field of Dreams” produced a notion that has embedded itself firmly in the American psyche: “If you build it, they will come.” Research has consistently shown that is the case with facilities that sell alcoholic beverages. The more stores there are, the more...
Russian Standard chairman Roustam Tariko and his Roust Trading group have agreed to take up to an 85% stake in CEDC in exchange for $172 million in cash
Central European Distribution Corporation (NASDAQ: CEDC) announced today that the Company and its subsidiary, CEDC Finance Corporation International, Inc. (“CEDC FinCo”), have amended their exchange offers, commenced on February 25, 2013, to reflect terms...
Scientists develop red wine ‘wonder pill’
A new study has found conclusive evidence that the red wine compound resveratrol directly activates a protein that promotes health and longevity in animals. While red wine contains low concentrations of resveratrol, pharmaceutical compounds similar to it may be able...