Tag: Market Update

2019 Market Update | Day 77

Posted in Beer, Industry, Spirits, Wine.

Analysts Dismiss Pernod Ricard’s Rumoured Wine Sale https://www.thedrinksbusiness.com/ by Arabella Mileham 18th March, 2019 Analysts have poured cold water on the rumour that Pernod Ricard is mulling a sale of its wine division, arguing that while there may be further sales of non-core brands, a wholesale disposal of the entire wine division is “unlikely”. Analysts firm Jefferies International issues a note in response to a report in Bloomberg last week that claimed the French drinks company was in “early discussions” on a potential sale of its $500 million wine...

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2019 Market Update | Day 75

Posted in Beer, Industry, Spirits, Wine.

Corona brewer Constellation is nearing a deal to sell some wine brands to E. & J. Gallo Constellation Brands is in advanced talks to sell its some of its low-end wine brands to E. & J. Gallo Winery, people familiar with the situation tell CNBC. Constellation put its U.S. wine business, which includes brands like Clos du Bois, Mark West and Arbor Mist, up for sale last year as part of its move into cannabis. Sales of non-premium wine have slowed, as millennials focus increasingly on health and alternative indulgences like cannabis. CNBC Lauren Hirsch 15 March 2019 Constellation Brands...

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2019 Market Update | day 73

Posted in Beer, Industry, Spirits, Wine.

Premium spirits to boost global consumption https://www.thespiritsbusiness.com/ by Amy Hopkins 14th March, 2019  The soaring popularity of whisky, gin and flavoured spirits is forecasted to enable global spirits consumption to reach a value of US$366 billion in 2022, according to a new report from Vinexpo and IWSR. This marks a value increase of 14.9% between from 2017-2022, with a compound annual growth rate (CAGR) of 2.8% for the same period. Volume spirits consumption is estimated to hit 3.2 billion nine-litre cases, a 1.2% rise from 2017-2022, with a CAGR of 0.2%. The data has been...

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2019 Market Update | day 72

Posted in Beer, Industry, Spirits, Wine.

Pernod Weighs Sale of Jacob’s Creek, Campo Viejo Wines https://www.bloomberg.com/ By Ruth David and Thomas Buckley March 13, 2019 Pernod Ricard SA is considering a sale of its wine division, which includes Australia’s Jacob’s Creek and Spain’s Campo Viejo labels, according to people familiar with the matter. The world’s second-largest distiller has held early discussions on a potential sale of the unit, which has sales of about $500 million, said the people. Deliberations are at a preliminary stage and Pernod may ultimately decide to retain the business,...

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