Wine & Spirits - Articles - Page 162

Bacardi Ltd. to purchase Patron tequila

Transaction expected to close in first half of 2018

January 23, 2018

Family owned Bacardi Ltd., Hamilton, Bermuda, announced that it is expanding its portfolio of premium spirits with a definitive agreement to acquire 100 percent ownership of Patrón Spirits International AG and its PATRÓN brand. The transaction, which is subject to customary closing conditions, follows the relationship the companies have had since Bacardi’s initial acquisition of a significant minority stake in Patrón in 2008.

Lot18 announces new “Portlandia” wine collection

Company launches line in partnership with Broadway Video Enterprises, IFC

January 22, 2018

Broadway Video Enterprises and IFC's Emmy Award-winning original sketch comedy series “Portlandia” have teamed up with New York-based winemaker Lot18 to produce a collection of wines based on some of the show's most memorable sketches. Just in time for the debut of its farewell season, each bottle is accompanied by a specially designed label, the company says.

Lick, Montrose, I Am The Storm

January 19, 2018

Tank Garage Winery introduced three new red wine blends.

Pernod Ricard acquires remaining stake in Avion Spirits LLC

Tequila Avion founder, president to remain involved with brand

January 18, 2018

New York-based Pernod Ricard USA is announced that it has completed the acquisition of the remaining stake in Avión Spirits LLC, owner of the ultra-premium tequila brand Avión, from its joint-venture partner Tequila Avión, New York. Founder Ken Austin and President Jenna Fagnan, along with Grammy Award winner Jeezy, will remain highly involved and financially incentivized at least until 2020 to help fuel its next wave of growth, the company says.

Glen Moray Classic Sherry Cask Finish

January 17, 2018

Glen Moray announced the release of its latest NAS Classic Range expression: Glen Moray Sherry Cask Finish.

Vintage Wine Estates acquires Tamarack Cellars

Washington winery produces locally sourced wines

January 15, 2018

Vintage Wine Estates, Santa Rosa, Calif., announced the acquisition of Tamarack Cellars, Walla Walla, Wash.

Brown-Forman reports first-half fiscal 2018 results

Company reports net sales growth of 10 percent from prior year period

January 12, 2018

For the first six months of the fiscal year, the company’s reported net sales increased 10 percent to $1.6 billion, compared with the prior-year period.

Rémy Cointreau releases half-year results for fiscal 2017/2018

Company reports net sales growth of 6 percent

January 12, 2018

The company posted consolidated net sales of 544.4 million euros, with reported growth of 6 percent and an increase of 7 percent on an organic basis.

Easley Winery announces completed $2M expansion

Winery invests in property, new equipment

January 12, 2018

Indianapolis-based Easley Winery announced that it has completed a multi-million-dollar investment in property and equipment at its facility in downtown Indianapolis.

Technomic, BMC release on-premise report

Report reviews drink sales in restaurant, bar business

January 12, 2018

Drink sales remain a dynamic and important part of the restaurant and bar business, but finding growth continues to be a challenge for operators and brand marketers alike.