Assessment of Beam as investment opportunity with or without Diageo takeover materializing
Source: Wall Street Journal Jim Beam's BEAM +0.96% in high spirits. And not just on bid talk. Shares in Beam, which owns the famous Kentucky bourbon, are up just over 40% since its creation via the breakup of Fortune Brands in October 2011. Bulls are looking to push...
New Jersey’s Fedway back up and running after Sandy – great recovery story
Source: Beverage Media After suffering catastrophic damage from Hurricane Sandy, the New Jersey wine & spirits wholesaler rebounds with an equal demonstration of force. On Monday night, October 29th, Hurricane Sandy hit the U.S.’s northeast coast breaking records...
Distributors and teamsters oppose the Costco Liquor Loophole Bill (HB 1161) in Washington
Source: Gallatin Public Affairs The House Government and Oversight Committee will hear HB 1161 - The Costco Liquor Loophole Bill - today. "We find it amazing that Costco and other proponents of I-1183 are attempting to change the wording of their own initiative only...
Beam to close former White Rock facility in Lewiston, lay off 160 employees and try to sell facility – will move Pinnacle production to Beam plant in Kentucky
Source: Bangor Daily News LEWISTON, Maine — Beam Inc., maker of Jim Beam bourbon, announced on Thursday that it will shut down production at its Lewiston facility and shift production of Pinnacle Vodka and Calico Jack Rum to a facility in Kentucky. The 160 employees...
Bordeaux to bounce back in 2013
As prices stabilize and Robert Parker prepares to re-evaluate 2010, Jon Barr, director of EF Wines, has declared “Bordeaux appears to be back”. Speaking to the drinks business, Barr said that Lafite sales were strong again in Hong Kong, although he added that, “this...
Craft beer sales booming
The latest research from Chicago-based Mintel, a global supplier of product research, shows that sales of craft beer nearly doubled between 2007 and 2012 — growing from $5.7 billion in 2007 to $12 billion in 2012. And per Mintel’s research, the boom isn’t likely to...
Esposito Tapped As President Of Stoli’s U.S. Operations
Source: Shanken News Daily Former Bacardi USA president John Esposito has been tapped to run Stolichnaya vodka’s U.S. operations, effective Monday. Esposito will be setting up Stolichnaya’s North American headquarters in New York City. He will assemble an organization...
December/End of Year 2012 Control State Results
Source: NABCA Nine-liter case control state spirits sales during 2012 increased 3.6% over sales during the same period last year, led by Irish Whiskey, Cordials, Vodka, Domestic Whiskey, and Brandy/Cognac reporting annual growth rates of 19.6%, 6.1%, 5.1%, 3.9%, and...
Alcohol and a Good Night’s Sleep Don’t Mix
Jan. 22, 2013 -- Think a nightcap may help you get a better night’s sleep? Think again. A new review of 27 studies shows that alcohol does not improve sleep quality. According to the findings, alcohol does allow healthy people to fall asleep quicker and sleep more...