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.
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:
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."
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%.
So how much did reality TV queen Bethenny Frankel sell her Skinnygirl cocktails to Beam Global for last year? Hollywood's favorite new parlor game continues. Last summer we estimated the deal was worth $100 million in a cover story. Others pegged it still higher. The latest to enter the fray is a Huffpo blogger, saying ...