Tag: Constellation Brands
Afternoon Brief, February 23rd
Sonoma County Winery Event Permit Meeting Leaves Vintners Frustrated with Process: Last Thursday’s virtual forum organized by Sonoma County’s Permit Sonoma to ostensibly open up conversation about event permitting for wineries in Sonoma County, had over 200 stakeholders taking time out to participate, but many vintners felt it was a charade...
Afternoon Brief, February 16th
Pandemic, Northern California Fires Could Complicate Wine Business Financing, Lenders Say: Second-generation vintner Hugh Davies is disappointed he didn’t hit last year’s business performance goals for Schramsberg Vineyards in upper Napa Valley...
Afternoon Brief, February 12th
USTR Announces No Revisions in Airbus Tariffs: Is the Tumbler, Goblet, and Pint Half-empty or Half-Full?: The Office of the United States Trade Representative (USTR) announced in a Notice for publication in the Federal Register on February 12, 2021, that it would propose no revisions to the existing retaliatory tariffs on goods from the EU in the Airbus trade dispute...
Afternoon Brief, February 8th
Southern Glazer’s Signs Agreement to Acquire Epic Wines & Spirits: Southern Glazer’s Wine & Spirits (Southern Glazer’s)—the world’s preeminent distributor of beverage alcohol—today announced that it has signed a national distribution agreement with Foley Family Wines (FFW), a family-owned and operated producer and marketer of luxury wines...
Afternoon Brief, January 28th
California Wine Business Faces New, Ongoing Challenges as It Adjusts to Pandemic, Wildfires: The U.S. wine business eked out slim volume growth overall last year, even as the coronavirus has upended how consumers bought such beverages, yet challenges in demand and supply that predate the pandemic remain, according to experts at a major industry conference Wednesday...
Afternoon Brief, January 27th
Experts Say Robust Ecommerce Programs Are Key to Wine Industry Survival in Foreseeable Future: While fourth quarter numbers are still being crunched and the gains and losses of 2020 have yet to be fully tabulated, one thing is crystal clear: online sales of wine and other alcoholic beverages made a huge difference in a year wreaked by the havoc of Covid and a wildly unpredictable economy...
Afternoon Brief, January 22nd
The 2020 Wildfires Could Cost California’s Wine Industry $3.7 Billion — but It Doesn’t Have to Be That Way: An early estimate of what last year’s disasters may have cost, in this week’s Drinking with Esther newsletter...
Afternoon Brief, January 18th
How the Alcohol Industry Landscape Changed: From channel shifts to changing regulations, this is how 2020 changed the alcohol landscape — and how those effects will persist into 2021...
Afternoon Brief, January 15th
After Disastrous 2020, Sonoma County Grape Growers Face a Hopeful, Uncertain Harvest: After a disastrous 2020, Sonoma County grape growers should find a stronger appetite for their crops this year, though there’s still uncertainty, a top wine industry analyst said Thursday...
Afternoon Brief, January 12th
Constellation Brands Completes Series of Transactions to Premiumize Portfolio with Sale of Paul Masson Grande Amber Brandy to Sazerac: Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has closed its sale of the Paul Masson Grande Amber Brandy brand, related inventory, and interests in certain contracts to Sazerac for approximately $265 million, subject to certain post-closing adjustments...
Afternoon Brief, January 11th
Wine's Bubble Yet to Burst: After a surprisingly good year for the wine industry, what comes next..?
Afternoon Brief, January 8th
Wine Institute Reiterates Support for Elimination of Wine Tariffs: One year ago, Wine Institute joined with Comité Européen des Entreprises Vins (CEEV) to call for the complete removal of all tariffs on wine (“zero for zero”) and to reiterate the universal industry support for the “wine for wine” principle...
Afternoon Brief, January 5th
E. & J. Gallo Winery Completes Acquisition of More Than 30 Brands from Constellation: E. & J. Gallo Winery (Gallo) today announced that it has completed the acquisition of more than 30 wine brands from Constellation Brands, Inc...
Afternoon Brief, December 31st
Wine Sales Grow Despite Tough Times: Rosé and sparkling wine sales are continuing to climb, even through the global pandemic...
Afternoon Brief, December 29th
How the Coronavirus, Wildfires Are Changing How California Fine Wines Are Sold: The North Coast wine business had been facing slowing sales growth and increasing competition from other premium adult beverages even before this year’s coronavirus pandemic response led to months-long stretches of closures of key sales channels in tasting rooms and restaurants and wildfires caused tens of thousands of grape tons to not be harvested...
