Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol, today reported diluted earnings per share (EPS) on a reported basis of $0.20 for the quarter ended May 31, 2008 (first quarter 2009), compared with $0.13 for the prior year first quarter. First quarter 2009 diluted EPS on a comparable basis, which excludes acquisition-related integration costs, restructuring charges and unusual items, totaled $0.34 versus $0.21 for the prior year.
Continue reading ‘Constellation Brands reports Q1 fiscal 2009 results; Company reaffirms full-year guidance’
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A still white wine has triumphed as Wine of the Year in this year’s English & Welsh Wine of the Year Competition for the first time since 1999. Continue reading ‘Aromatic still white style leads UK wine winners’
Fortune Brands, Inc. (NYSE: FO) today updated its earnings outlook for the second quarter and full year 2008. Weakening consumer sentiment in the U.S., the ongoing correction in the U.S. housing market, and a large and unexpected Australian tax increase on ready-to-drink spirits products have together created a more challenging environment for the company’s products.
Continue reading ‘Fortune Brands updates earnings expectations’
In a landmark ruling handed down in Paris on 30 June, the giant internet bidding site eBay have been judged negligent in protecting the goodwill and brands of the group LVMH in an action brought by Louis Vuitton Malletier and Christian Dior Couture. This may have a significant impact for the potential sale of counterfeit wines in the future both on internet sites and through more established outlets.
Continue reading ‘eBay found guilty of parasitical practices against LVMH and ordered to pay 19 million euros’
The New Zealand government has offered 850,000 NZ dollars (646,000 U.S. dollars) to the earthquake-hit areas in China, and government ministers pledged bottles of wine to auction.
Continue reading ‘People in New Zealand continue to send aid to China’s quake-hit areas’
The Pennsylvania Liquor Control Board will suspend special liquor orders on its Internet vendor portal for two months, starting Monday, to upgrade the system.
Continue reading ‘PA Liquor Control Board to upgrade special liquor order system’
RFID and Covert Ink used to authenticate fine wines
Continue reading ‘InkSure and eProvenance form technology alliance to protect the fine wine market’
Further to the appointments of Thierry Billot and Michel Bord, respectively as Deputy Managing Director in charge of Brands, and as Deputy Managing Director in charge of the Distribution Network (as announced on 26 June 2008), the following appointments will take place as of 1st of July 2008:
Continue reading ‘Pernod Ricard senior management appointments’
Two new Deputy Managing Directors: Thierry Billot and Michel Bord.
Continue reading ‘New appointments to Pernod Ricard’s management team from 1 July 2008′
Napa, California – White Rocket Wine Company is launching Geode, a new-generation, super-premium Chardonnay fusing timeless quality and contemporary style in a strikingly sophisticated package targeted to savvy young wine consumers. Geode is crafted from vineyards in Santa Barbara County, a classic growing region whose stellar Chardonnays are universally recognized for superior quality. With its warm, inviting label, aura of earthy energy and promise of rich, pure flavor, Geode beckons wine lovers to “discover the treasure within.”
Continue reading ‘White Rocket Wine Company “unearths a treasure in Geode for millennial generation Chardonnay drinkers”’
For instance, the real price (in 1988 prices) for the basket of the entire Top 100 list [for the U.S.] was $4,313 in 1988; $3,132 in 1993; $2,533 in 1999; and $2,421 in 2004. That is nearly a 44% decrease in prices from 1988 to 2004. At the same time, there was no significant change in the quality of the wines on the Top 100 list…
Continue reading ‘Wine price trends’
The Government of Canada and the Province of New Brunswick are delivering real action for New Brunswick farmers by investing up to $772,680 to help tree fruit and grape growers meet new market demands.
Continue reading ‘Government invest $772,680 to revitalize New Brunswick orchards and vineyards’
Hardys has again been announced the world’s most powerful Australian wine brand in an annual study of the world’s top wine and spirits brands.
Continue reading ‘Hardy’s - the World’s most powerful brand’
Lion Nathan has acquired the USA wine importer Cumulus Wine Inc. (CWI), a subsidiary of the New South Wales based Cumulus Group, establishing a new wine import company Lion Nathan USA Inc, thereby guaranteeing a platform for Lion Nathan’s Australian and New Zealand premium wine portfolio in the USA market.
Continue reading ‘Lion Nathan acquires US wine import company’
Earlier this month Castel, France’s largest wine producer, become the first French company to start large scale vineyard plantations in Ethiopia, investing about $9m (€5.7m) in the Castel Wynerie Private Limited Company, 200 kilometres south of the capital, Addis Ababa. “We started planting on May 10th and all the 125 hectares should all be done before September,” said Castel’s communications director, Franck Crouzet.
Continue reading ‘Castel planting in Ethiopia’
British drinkers are starting to shun the wine and the blame for its decline, should be firmly placed at the door of the neurotic, weight-conscious fictional publishing assistant created by Helen Fielding… according to one famous UK writer.
Continue reading ‘Bridget Jones ‘has put Britain off chardonnay’’
Vinexpo Asia-Pacific, the region’s largest international wine and spirits exhibition, ended today at the Hong Kong Convention and Exhibition Centre (HKCEC) after three successful days during which it broke all previous records in terms of visitors and exhibitors.
Continue reading ‘VinExpo Asia 2008 breaks all records’
HB 429 increases number of shipments from out-of-state wineries to consumers.
Continue reading ‘Illinois wine shipments’
Legacy Wine and Spirits International Ltd. (OTC BB:LWSP.OB - News) reports that it has signed an agreement with Legacy Wine and Spirits Merchants Ltd (”Legacy Merchants”), a Hong Kong-based Company, for the rights to a fifteen (15) year general license to import, bottle, blend, manufacture and distribute wine and spirits in China.
Continue reading ‘Legacy acquires license to sell wine and spirits in China’
The seventh Central Otago Pinot Noir Celebration will be held on the 30th and 31st January 2009 in Queenstown, New Zealand.
Continue reading ‘Dates confirmed for Central Otago Pinot Noir Celebration 2009′
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