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An Extended or Permanent FET Reduction to Come

The Federal Excise Tax Reduction was reintroduced and is now being considered to become permanent, or at least extended. This reduction includes a tax rate drop for distillers, wineries, and brewers. The Craft Beverage Modernization and Tax Reform Act allowed for there to be an ability to purchase new equipment, add on additional employees, increase wages, expand distribution and facility enlargements, all due to tax saving. There is certainly a positive effect all over the country, which is exactly why a permanent relief would be critical for the industry. Source: Wine & Spirits Daily, February...

Scotch Whisky Becomes a Billion-Dollar Market in the U.S.

The U.S. has recently become the first overseas market to hit the billion-dollar mark for Scotch. The export value of Scotch Whiskey grew 7.8 percent by value in the past year and the number of bottles exported have also reached new levels, as they increased by 3.6 percent. The strength and acceleration of Scotch Whiskey has defeated the challenges that have been posed by Brexit. This consistent growth is partially due to the U.S. market, which recently rose to 1.04 billion pounds, roughly equal to 1.35 billion US dollars, making it the largest export market in the world for Scotch. Some other large Scotch markets include India, Mexico and France. Source: thedrinksbusiness.com, February...

Corporate Jobs and Alcohol Drinking

In a study of 1,010 U.S workers, the top five industries that allow and sponsors alcohol consumption the most are Technology, Construction, Marketing, Arts, Entertainment, and Recreation, and Information Services and Data Processing. At certain companies that fall into one of these five categories, alcohol consumption doesn’t stop at the holiday parties and happy hours. Beer on tap in the office and alcohol being rewarded to employees for performing well are among a few of the examples. The survey found that 24 percent of respondents said drinks were part of team bonding events and 50 percent of respondents agreed that drinking with their boss or coworkers will improve their relationship. Source: https://www.theladders.com, February...

Women and Wine

There’s no doubt there has been a drastic increase in attention and sensitivity to women in our modern world, due to movements like #MeToo, and other eye-opening initiatives, but there has been a rise in attention on women in the wine industry as well. Major wine companies have implemented on-site gender equality, workers harassment training, female-focused mentoring groups, and more extensive research on female consumers. Products that benefit women’s charities have also been on the rise, such as emBRAZEN, Nasty Woman Wines, and more. Source: https://www.winemag.com, January...

The Lesser-Known Italian Grapes that should be on Every Wine Professional’s Radar

Underrated and few-known grapes are on the rise for producing exciting new Italian wines. Timorasso and Rossese, whites from Piedmont, and Schioppettino and Friulano, from Friuli, are just some of the Italian grapes producing flavorful and unique wines. Others include Verdiso, a white from Veneto, Piedirosso, a red from Campania, Fiano, a white from Campania, Gaglioppo a red from Calabria, and Nerello Mascalese and Carricante, a red and a white from Sicily, respectively. Distinctive aromas, flavors of raspberry and blackberry, silky smoothness, and high acidity are among only some of the characteristics. Source: https://daily.sevenfifty.com, February...

Airport Tasting Rooms Making Traveling More Enjoyable

A great amount of beverage producers, mainly distilleries, are opening up replicas of their original spots in airports. The idea started in Portland International Airport with the Westward Whiskey Tasting Room, following with Salt Lake City and Pittsburgh International Airport. Cleveland Hopkins International Airport, where Ohio’s Great Lakes Brewing Company followed and opened up a spot. Another was Harpoon, which built a taproom at Boston Logan International and Stone Brewing in San Diego’s airport. The largest of the trend was in Washington’s Walla Walla Regional Airport, which contained 19 wineries, three breweries, and two distilleries, all on airport grounds. This is creating a great space to kill time during a layover, an ideal way to start or end a trip, and a taste of the local scene. Source: https://www.winemag.com, January...

U.S. and UK Will Continue the Trade of Wine and Spirits

The trade of wine and spirits between the United States and United Kingdom will be uninterrupted when the UK leaves the European Union this coming March. Recently the US and UK signed an agreement to protect all Bourbon, Tennessee Whiskey, Scotch whisky, Irish whiskey, and wine, as Brexit began to put a threat on the trade of these beverages. American Bourbon and Whiskey will continue to be protected in the UK, and English Scotch and winemaking practices will be protected in the US. This is certainly a win-win situation, as the UK was the top export market for US distilled spirits, coming in at 187 million dollars last year. In addition, American whiskey exports at 667 million dollars in the EU. And, the UK was one of the largest export markets for the US wine products last year, valuing at 227 million dollars. Source: thedrinksbusiness.com, February,...
Gin Distillery Room

Distilling on Tribal Lands makes for a Stronger Economy

In 1834 a federal law was enacted under Andrew Jackson, making it illegal for anyone to set up a distillery on a tribal land. This law was put into place as a peace making effort, and it remained active until December 2018 when Congress and the president finally repealed it. Squashing this obstacle, which prevented Native Americans from distilling, created freedom, equality, as well as a better economy. In the past, Native American populations had struggled with high unemployment, but the craft spirits industry has increased job opportunities by nearly 50 percent recently. In the past two years, more than 14,000 jobs were created by breweries, wineries, and distilleries, making a stronger economy across the nation, including on tribal lands. Source:...

Canned Wine Sweeping over the Nation

The canned wine category has taken off in recent years, and has blown up similarly to craft beer.  Nielson reported that in 2018 canned wine sales were up a whopping 69 percent and the volumes were up 47 percent. Cans give wine the opportunity to enter brand new markets, which brings in a variety of new wine consumers to the market. Attendees of music festivals, beach goers, hikers, and more would rather grab a can of wine than a corkscrew and glass bottle because of its simplicity and ease. The big question is: does wine taste different in a can? Blind canned wine tastings will have to come into place to answer that. Source: Wine & Spirits Daily, January...
ACSA Distillers' Convention

Park Street’s CEO, Dr. Kohlmann and Esteemed Panelists to Present at the American Craft Spirits Association Distillers’ Convention

Minneapolis, MN — Park Street Companies announced today that Harry Kohlmann, CEO, will be speaking at American Craft Spirits Association Convention taking place on February 10th -12th in Minneapolis, Minnesota. Dr. Kohlmann and a group of esteemed panelists will discuss strategies that have fueled their companies’ successes and continued growth ambitions. The panel, titled “How to Build a Sustainable Craft Spirits Business for the Long Haul,” takes place on February 12th, from 11am – 11:55am. Panelists include: Thomas Mooney, CEO and Co-Owner of Westward American Single Malt Whiskey; Paul Hletko, founder of FEW Spirits; and Dan Garrison, founder of Garrison Brothers Distillery. “With more than 1,800 craft spirits distilleries, an increasingly fragmented marketplace, and ongoing distributor consolidation, growing an entrepreneurial spirits brand is more challenging than ever before,” said Dr. Kohlmann. “Identifying the growth drivers for long-term success is key for a viable business model.” Dr. Kohlmann who serves as Chief Executive Officer oversees all aspects of Park Street’s operations and growth, including business development, strategy, innovation, and client services. To learn more about the event, visit https://americancraftspirits.org/programs/convention/ Press Contact: +1 (305) 967 7440 marketing@parkstreet.com YouTube: https://www.youtube.com/channel/UCaQze74KkZHaS_caZBTBCZw Facebook: https://www.facebook.com/ParkStreetCompanies Twitter: https://twitter.com/ParkStreetNews Instagram: https://www.instagram.com/ParkStreetCompanies/ LinkedIn:...