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:
Alex Morris submits: Cal-Mine Foods (CALM), which is engaged in the production, grading, packaging, marketing, and distribution of shell eggs, recently reported earnings for the first quarter of fiscal 2010, which ended February 27th. Net income for the quarter came in at $34.5 million, or $1.45/share, beating analyst estimates (consensus $1.34/share) as well as topping the $1.30/share earned during the same period last year by 12%.