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Shanken News Daily is an e-mail and Internet news service that integrates the powerful resources of M. Shanken Communications in providing broad, up-to-the -minute coverage in wine, spirits and beer news. Utilizing the M. Shanken trade magazines Impact, Market Watch and Food Arts as well as its consumer titles Wine Spectator and Malt Advocate, Shanken News Daily has rapidly become a valued resource for anyone interested in wine, spirits and beer. News is emailed daily to a subscriber list and also posted on the service’ s Web site, www.shankennewsdaily.com
Mission: To provide top-flight reporting in wine, spirits and beer.
Known as a massive supplier of liquid for American whiskey brands across the price spectrum, Kansas-based MGP Ingredients has recently been building its own portfolio of spirits labels. The effort is being led by industry veteran Andy Mansinne, formerly of … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/05/06/23002/news-briefs-for-may-6-2019/
•Australia’s Starward whisky has launched in the U.S. Its first offering is a 41% abv single malt whisky called Nova, which is matured for three years in uncharred barrels that formerly held Shiraz, Cabernet Sauvignon, and Pinot Noir. According to … Continue reading →
•Oskar Blues Brewery is set to launch Can-O-Bliss Hazy IPA nationally, starting this month. The 7.2% abv ale is brewed with Strata, Cashmere, Enigma, Hallertau Blanc, and Eureka hops for a beer that the brewery describes as hop-forward and slightly … Continue reading →
While Port volumes have remained stable at around the 400,000-case mark in the U.S. in recent years, premium-and-above expressions are having success as consumers move toward the middle of the pricing ladder—up from standard rubies and tawnies and down from … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/05/03/22995/news-briefs-for-may-3-2019/
•Diageo has expanded Smirnoff’s line of flavored vodkas with Smirnoff Zero Sugar Infusions. The 30% abv extension comes in three flavors—Cucumber & Lime, Watermelon & Mint, and Strawberry & Rose—each with 72 calories per 1.5-ounce serving. The release is supported … Continue reading →
•Terrapin Beer Co., part of the MillerCoors portfolio, has introduced Hoppin’ Bubbly Brut IPA. The 6.5% abv ale is brewed with Miller High Life’s grain bill along with Cascade and Amarillo hops. The can design pays homage to both companies … Continue reading →
Michel Roux, who built Absolut Vodka into an icon of the spirits business, has passed away at age 78. A native of France, Roux immigrated to the United States in 1964, and started his career in the hospitality industry with … Continue reading →
In a move intended to bolster its supply of luxury fruit in the Napa Valley, Hess Family Wine Estates has agreed to acquire the Iron Corral Vineyard for an undisclosed sum, SND has learned. Originally developed by Mildara Blass, Iron … Continue reading →
Constellation Brands has taken majority control of Nashville, Tennessee-based Nelson’s Green Brier Distillery for an undisclosed sum, following an initial minority investment in 2016. Nelson’s Green Brier will now be fully integrated into the Constellation wine and spirits portfolio. Constellati...
http://www.shankennewsdaily.com/index.php/2019/05/02/22985/news-briefs-for-may-2-2019/
•Johnson Brothers has entered its 27th U.S. market with the launch of operations in New Jersey. Johnson Brothers’ New Jersey business will be led by Eddy Rivera, a Gallo veteran who already serves as general manager of Johnson Brothers New … Continue reading →
While Jack Daniel’s remains the standard-bearer for the Tennessee whiskey category, a host of newer contenders have emerged in recent years, aiming to capitalize on the booming market for brown spirits and the state’s rich distilling history. Following Prohibition, Tennessee’s … Continue rea...
In a trading update today, Treasury Wine Estates (TWE) said strong growth in China is expected to help boost earnings by approximately 25% in its fiscal year ending in June. The company added that it expects EBITS to fall in … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/05/01/22972/news-briefs-for-may-1-2019/
•Acker auction house will host its first spirits auction on May 11 at the Grand Hyatt in Hong Kong, where attendees will bid on rare whiskies and Cognacs. The whiskies available date from 1928 onward, including several spirits produced during World … Continue reading →
•Brooklyn, New York-based Other Half Brewing has announced the opening of a second location in East Bloomfield, New York, 25 miles outside Rochester. It will take over the former Nedloh Brewing building, an 8,000 square-foot space that will house both … Continue reading →
By all appearances, Phoenix, Arizona-based Harvest Health and Recreation is having a banner year. The company raised approximately $300 million in 2018, according to its most recent earnings report, and used it to make a series of acquisitions in the … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/04/30/22965/cannabis-briefs-for-april-30-2019/
•Chicago, Illinois-based Cresco Labs saw revenue jump nearly 300% to $43.3 million for its fiscal year ended in December. Adjusted EBITDA swung from a loss in 2017 to $21.7 million for 2018. Cresco operates in seven states, and has plans … Continue reading →
Cuervo Posts Strong Start To 2019, With Sales Up By Double Digits
Grupo Cuervo has rocketed out of the gate in 2019, with first quarter sales rising 22.5% to MX$5.28 billion ($278m) and EBITDA up 6.8% to MX$1.15 billion ($60.4m).
News Briefs for April 30, 2019
Wente Family Estates has been named the U.S. importer for Argentina’s Bodega Cuarto Dominio.
Craft Brewing and Distilling News for April 30, 2019
Minneapolis, Minnesota’s Tattersall Distilling has debuted a new vodka-based, ready-to-drink offering.
Tennessee whiskey is rising in popularity, with more than 7.5 million 9-liter cases depleted in the U.S. market last year, according to Impact Databank, up from approximately 6.3 million cases in 2013. From a volume perspective, the category continues to … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/04/29/22953/news-briefs-for-april-29-2019/
•Michter’s 10-year-old Single Barrel Bourbon, Rebel Yell 100 Proof, and a number of new Scotch whiskies from MacNair’s and Mossburn are among the bottlings featured in Whisky Advocate’s latest whiskey roundup. The magazine’s website has all the details. •Spain’s Familia Torres … Cont...
•Hershey, Pennsylvania-based craft brewer Troëgs is launching Field Study, billed as a slightly hazy IPA dry-hopped with Citra, Mosaic, and El Dorado. Field Study is rolling out on draft and in 12-ounce bottles and cans to all Tröegs markets over … Continue reading →
Former Constellation Brands board member Robert Hanson has been named executive vice president, and president of the company’s wine and spirits business, effective June 3. He replaces Chris Stenzel, who left the group late last year. Hanson served on the … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/04/26/22941/news-briefs-for-april-26-2019/
•The starting gun for the 2018 Bordeaux futures campaign officially sounded last week with the release of Château Angélus, one of St.-Emilion’s most recognizable names. With the VinExpo convention in Bordeaux set for May 13-16—about a month earlier than in … Continue reading →
•The Boston Beer Company’s net revenue surged by 32% to $251.7 million in the first quarter of this year, while operating income more than tripled to just under $30 million. According to the company, the strong growth was due to … Continue reading →
Stoli Group president and CEO Hugues Pietrini, who has helmed the vodka giant since 2017, has departed the company, SND has learned. Luxembourg-based Stoli has not announced any immediate plans to fill the global CEO role vacated by Pietrini. Looking … Continue reading →
After a decline in the final quarter of 2018 due to distributor destocking, Ste. Michelle Wine Estates posted a 6.3% net revenue increase to $151 million in the first three months of this year. However, operating income slipped 12% to … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/04/25/22933/news-briefs-for-april-25-2019/
•Diageo has received the go-ahead to expand the visitor experience at its Caol Ila distillery on Islay, as part of a previously announced £150 million ($215m) investment in its Scotch whisky tourism operations. Under the investment, Caol Ila will become “the … Continue reading →
•Los Angeles-based Angel City Brewery has launched Cold Brewski, billed as a gluten-free hard coffee. The 5% abv offering, which is a nitrogenated, cold-brewed hard coffee made from fermented cane sugar and coffee beans, has 110 calories a 12-ounce can … Continue reading →
Imported wine has held steady in the U.S. at roughly 25% of the market in recent years. But that share doesn’t reflect the significant rise in the number of imported brands available on shelves, or the overall amount of cases … Continue reading →
Tito’s vodka has become the largest-selling spirits brand in U.S. control states, surpassing Smirnoff vodka for the first time during the first quarter of 2019, according to the National Alcohol Beverage Control Association (NABCA). For the first three months of … Continue reading →
http://www.shankennewsdaily.com/index.php/2019/04/24/22924/news-briefs-for-april-24-2019/
•Burgundy vintners banded together during the long nights of April 4 and 5 and again over the weekend of April 13 to fight a potentially damaging spring frost. In some vineyards, countermeasures or good luck prevented extensive harm. In others, … Continue reading →
•The Boston Beer Company has relaunched Sam Adams Summer Ale with a new recipe. The update, the first change in over 20 years, boosts the citrus flavors in the beer while rolling back the spices, according to the brewery. The … Continue reading →
In the second part of our interview with Smoke Wallin, the president of Vertical Companies discusses the group’s new CBD offshoot Vertical Wellness, Canadian competition, and the future of cannabis beverages. SND: What’s happening with Vertical’s CBD arm, Vertical Wellness? Wallin: We … Cont...
Canadian cannabis juggernaut Canopy Growth has found an avenue into the U.S. recreational market with the announcement that it will acquire 20-state U.S. operator Acreage Holdings—pending U.S. federal legalization of cannabis. While Canopy has a dominant position in Canada, it … Continue reading...
http://www.shankennewsdaily.com/index.php/2019/04/23/22906/cannabis-briefs-for-april-23-2019/
•In the month of February, Canadian cannabis sales hit their lowest monthly total since legalization, according to Health Canada, as producers have begun stockpiling cannabis reserves to meet demand when edibles are legalized his fall. Canadian consumers purchased 6,671 kilograms … Continue read...
Bordeaux could be excused for feeling smug in the wake of the annual barrel tastings introducing the 2018 vintage, the world’s first chance to taste the wines before futures go on sale. Early reports compare the wines to recent excellent … Continue reading →
It has already been a big year for Michter’s, and it’s about to get even more exciting as a new master distiller takes the helm in May. Dan McKee, previously distiller, has been promoted to the position, as Pamela Heilmann … Continue reading →
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