- Outstanding 1st half-year organic growth: +10.1%, driven by emerging markets (1) (+25%) and premium spirits (2) (+17%)
- Continuing strong organic growth in Q2: +9.1%
- Higher full-year profit growth guidance
Pernod Ricard consolidated net sales (excluding duties and taxes) for the 2007/08 1st half-year (1st July to 31 December 2007) increased by 5.9% to € 3 713 million, compared to € 3,507 million in the 2006/07 1st half-year. This growth resulted from the following:
Continue reading ‘Pernod: 2007/08 interim net sales: €3,713 million’
Fourth Quarter 2007
- Net sales $532.9 million, +9.7% vs. year ago
- Diluted earnings per share $.89, +4.7% vs. year ago
- Adjusted diluted earnings per share $.95, +9.2% vs. year ago (see table)
- Total Moist Smokeless Tobacco net can volume +7.3% and premium +5.9% vs. year ago
- Moist Smokeless Tobacco category +7.1% vs. year ago (26 weeks ended Dec. 1, 2007)
- Ste. Michelle Wine Estates net sales +30.5% and operating profit +48.6% vs. year ago
Continue reading ‘UST posts record volume, sales and E.P.S. for the fourth quarter and Full Year 2007 behind strong fundamentals’
Diageo, the world’s leading premium drinks business, announced today that it has entered into an agreement to acquire Rosenblum Cellars. The acquisition represents a unique opportunity to own a highly rated Zinfandel brand and therefore it further enhances Diageo Chateau and Estate Wines’ brand range in the fastest growing segment of US wines, the premium segment. The consideration $105 million and it is anticipated that the acquisition will be economic profit positive during the fourth full year of ownership.
Continue reading ‘Diageo to acquire Rosenblum Cellars’
Delegat’s Group Limited is a leading producer of ‘Super Premium’ branded New Zealand wines for export and domestic markets. Established in 1947, Delegat’s Group Limited is producer and marketer of the Delegat’s and Oyster Bay wines.
Continue reading ‘Delegat’s Group Limited 2007 Annual Report’
The nominations for the Orange British Academy Film Awards in 2008 were announced at a special press conference recently. Hilary Bevan Jones, Chairman of the Academy, introduced actresses Naomie Harris (28 Day Later and Pirates of the Caribbean) and Kelly Reilly (Pride & Prejudice and Mrs. Henderson Presents) who announced the short-listed names for 10 of the 23 categories.
Continue reading ‘Champagne Taittinger and Orange British Academy Film Awards’
- Generates strong free cash flow through third quarter and increases free cash flow guidance for fiscal 2008
- Outlines synergies and integration costs for acquired wine business
- Realigns U.S. wine sales team, rationalizes U.S. wine portfolio
- Updates fiscal 2008 EPS
Continue reading ‘Constellation Brands Reports Q3 Fiscal 2008 Results’
Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol (the “Company”), today announced that it has extended its offer to exchange $700,000,000 aggregate principal amount of its 7.25% Senior Notes due 2017 (the “Exchange Notes”), which have been registered under the Securities Act of 1933, as amended (the “Securities Act”) for all $700,000,000 of its currently outstanding 7.25% Senior Notes due 2017, which have not been registered under the Securities Act (the “Original Notes”). The exchange offer, which had been scheduled to expire on Jan. 7, 2008 at 5:00 p.m., New York City time, will now expire on Jan. 10, 2008, at 5:00 p.m., New York City time, unless further extended by the Company.
Continue reading ‘Constellation Brands, Inc. extends exchange offer for 7.25% Senior Notes’
Pernod Ricard reminds the market that the Combined General Meeting of Shareholders, meeting on 7 November 2007, decided in its seventeenth resolution to implement a two-for-one split of the
Pernod Ricard shares, and consequently to exchange each share outstanding at 15 January 2008, with a par value of € 3.10 each, for two new shares with a par value of € 1.55 each.
Continue reading ‘Pernod Ricard: Two-for-one share par value split’
34 of the UK’s leading independent retailers will be pouring a selection of Chianti Classico wines free of charge
in-store for their customers during the weekend of 26-27 January as part of the Consorzio Vino Chianti Classico’s
Black Rooster Wines tasting weekend.
Continue reading ‘Chianti Classico Black Rooster offers free wine tastings’
Value growth outstrips volume growth
Australian wine export value growth outstripped volume growth in 2007. Value grew 6% to hit A$3 billion and
volume grew 3% to reach 785 million litres. While the incremental volume growth of 26 million litres was the smallest
since 1997, the incremental value growth of A$178 million was the largest since 2004. The strong value growth was
on the back of a 3% increase in average price to A$3.83 per litre, the first time average price has increased on a
calendar basis since 2002.
Continue reading ‘Australia: Wine Export Approval Report – December 2007′
Xavier Flouret, President of Cognac One, LLC (www.cognac-one.com), announced recently that Champagne Ayala of Äy, France (www.champagne-ayala.fr) named Cognac One the sole national importer of Ayala in the United States as of January 1, 2008. Champagne Ayala, belonging to the Bollinger Family Group of fine wines since January 31, 2005, has been in production since 1860. After a long absence in the United States, Ayala will now be available nationwide through a selection of reputable distributors.
Continue reading ‘Cognac One, LLC named exclusive importer of Champagne Ayala to the United States’
Like for like UK sales at Majestic were up 1.2% for the nine weeks of Christmas trading from 30 October to 31 December 2007.
Continue reading ‘UK: Majestic Wine plc Christmas trading statement’
English and Welsh wine producers have particular reason to celebrate the New Year, following the announcement just before Christmas that extension to the EU wide planting ban will not apply to the UK. The EU Council has agreed to a permanent exclusion of the UK from the planting rights regime.
Continue reading ‘UK wine producers exempt from planting ban’
The Winemakers’ Federation of Australia is pleased to announce that Version 1.0 of the wine industry carbon footprint protocol and calculation tool is now complete and available for use.
Continue reading ‘Carbon Footprint Calculation Tool Launched’
Just when Vijay Mallya-led UB group announced its plans to export Indian wines to France, the UK and New Zealand, a first timer in the business of Indian wines too has revealed plans to export wines made in Maharashtra to overseas markets. Deepak Roy, the one-time blue eyed boy of Vijay Mallya who a couple of years ago was expected to lead the combined spirit business of the UB Group. The wines from Mr Roy’s company Vallee de Vins will be priced Rs 550 and above. Zampa is the name of the first brand by Vallee de Vin.
Continue reading ‘Deepak Roy to export wines to Canada and South America’
The reform of the European wine market that the European Union agreed on does not include the proposed ban on adding sugar to wine after criticism by many member states including the Czech Republic.
Continue reading ‘CR benefits from wine reform’
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