Skinnygirl cocktails -- the lower-cal brand of spirits founded by a Real Housewife of New York -- was the fastest growing brand of spirits in the US last year, posting a 388 percent sales increase according to a new booze industry report.
Diageo plc (ADR) (DEO) announced today that it is offering to increase its stake in Indian spirits-maker United Spirits Ltd., for around $1.9 billion. The world’s largest spirits company, which markets brands such a Johnnie Walker whiskey and Smirnoff vodka, said that it would pay 3,030 rupees ($50) a share for an additional 26% stake in United Spirits.
Flavored booze. "Millennials" dig it, "purists" hate it, and now the CEO of one of America's most iconic spirits has weighed in. Paul Varga, the chief executive of Brown-Forman, says that drinkers can expect the Jack Daniel's brand to remain "conservative."
By Chris Katje: On Monday, Beam Incorporated (BEAM) announced their acquisition of specialty vodka brand Pinnacle. Along with Pinnnacle, the company also acquired the Calico Jack rum brand. Both liquor brands were purchased from White Rock Distilleries. The move will cost $605 million for Beam, but will grow its vodka line and market share. The acquisition now extends Beam's Vodka line to include:
Hybrid foods aren't stopping at cronuts and ramen burgers—they're coming for your cocktails next. Over the last year and beyond, craft distilleries and established high-end liquor brands alike have successfully marketed hybrid spirits.
Cal-Maine Foods Inc (CALM), the largest producer, marketer, and distributor of fresh shell eggs in the US, announced its earnings for the first quarter of its fiscal year 2015 (1QFY15).
Cal-Maine Foods’ adjusted per-share earnings (EPS) came in at $1.140, missing analysts' estimate of $1.165. This is the company’s first quarter to miss earnings, after beating the earnings estimates for the past two consecutive quarters.
Premier Kathleen Wynne says she thinks Ontario should stick to its near-monopoly on booze sales, but there’s room for the system to evolve.
She says the governing Liberals have made some changes already, with the sale of Ontario wine at farmers markets and a plan to put a few government-run boutiques in grocery stores.
Her comments come after a report that claimed consumers could pay less for booze if the government opened up the business to more retailers.