Chill wipes out grapes
Spring frosts may wipe out more than 20 per cent of Central Otago's wine harvest next year. The area is the third-largest wine region in New Zealand, behind Marlborough and Hawke's Bay. "It's too early to be sure but my conservative estimate is for a 20 per cent loss...
CEDC asks top investor to make a buyout offer
Polish vodka maker Central European Distribution Corp (CEDC.O) on Wednesday urged its top shareholder, Russian billionaire Roustam Tariko, to make an offer for the company or help deal with its financing issues. "If Russian Standard wants total control of CEDC to the...
US: Corks rule in new report
US: Screw caps are closing the gap on synthetic cork wine closures, according to research by Wine Intelligence. But natural cork still remains the most popular closure. The new Wine Intelligence report said that the cork-centric view of the US market is gradually...
Why Can’t I Hold My Alcohol Anymore?
If sometime Thursday afternoon you suddenly find your legs feeling like jelly (cranberry, of course) and your head feeling as if it is crammed with stuffing, you may be inclined to chalk it up to that 3rd helping of turkey or the 10th narrowly averted family argument....
4 Reasons Why Thanksgiving Eve is Biggest Drinking Night of the Year
You may have heard of Black Friday, but on the flipside of the Thanksgiving holiday is its mirror image, Black Wednesday. Instead of a day invented by marketing firms and ad agencies to sell marked-up-and-slashed-down consumer goods, the Wednesday before Thanksgiving...
Beer is Favorite Alcohol Category Overall But Spirits Winning Among Women and Age 21-27, Study Shows
PRLog (Press Release) - Nov. 20, 2012 - A recent survey of alcohol consumer behaviors in the United States showed that while beer may be by far the most popular alcoholic beverage category in terms of per capita consumption, what consumers name as their favorite...
Op-ed: Are these high liquor prices what was promised by Initiative 1183?
UNDER state law, it’s illegal to deceive in trade or commerce. After successive years in which initiative campaigns have spent tens of millions of dollars, it seems our state’s initiative process is all about commerce. Yet it’s OK to deceive in selling initiatives....
Diageo’s $2.1 Billion Deal Signals More Consolidation On The Way
A week ago, spirit conglomerate Diageo (DEO) agreed to buy a majority stake in United Spirits, India's largest spirit company. Diageo said it would end up with 53.4% in United Spirits for a price tag of $2.1 billion or 20x trailing EBITDA. This transaction continues...
Irish Whiskey’s Boom Prompts Expansion Plans
Irish whiskey’s strong upswing of recent years shows no sign of slowing. The category’s six top global markets by volume all grew last calendar year, with the U.S. (ranked first), South Africa (fifth) and Germany (sixth) all showing double-digit growth. The U.S. was...