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Posted: January 4, 2010 By Peter Zwiebach
Jose Fernandez, CEO of Constellation Brands’ North American wine business, died January 1 after long battling brain cancer. He was 54. A 30-year veteran of the wine industry, Fernandez joined Constellation in 2001 and played an integral role in the company’s metamorphosis into a global wine giant, including the acquisition and integration of Robert Mondavi Corp, Vincor and Beam Wine Estates. He ascended to the CEO post of Constellation Wines North America in 2007.
Posted: December 23, 2009 By Curtiss Gibson
W.J. Deutsch & Sons Ltd and South American wine producer Corpora Group have formed a joint venture that will bring new wines from Chile and Argentina to the U.S. market via Deutsch’s distribution network starting next summer. The companies plan to develop two new labels, one consisting of a Chilean Chardonnay and a Pinot Noir both sourced from the Bío Bío valley, and another consisting of a Argentine Malbec from the Patagonia region.
Posted: December 18, 2009 By Curtiss Gibson
Foster’s Group’s revamped North American management team and strategy for the United States haven’t so far been able to overcome the recessionary conditions that are currently plaguing the market.
Posted: December 18, 2009
Champagne producers are hoping 4th quarter sales in the U.S. will help offset a 31% decline for the first nine months of this year. (See graph and story on right by scrolling down.)
Posted: December 17, 2009 By Dan Marsteller
Diageo has renewed its call for serving facts labels on beverage alcohol products, which currently are not permitted by the U.S. Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB).
Posted: December 16, 2009 By David Fleming
Diageo North America president Ivan Menezes said consumer demand thus far in the holiday season has been more subdued than expected.
Posted: December 16, 2009 By David Fleming
In another sign of difficulty in the Las Vegas market, the Sahara Hotel announced that it’s closing two of its three towers for the winter season due to weak demand.
Posted: December 16, 2009 By Dan Marsteller
Pasternak Wine Imports has added two new brands to its line of Italian wine imports, becoming the exclusive U.S. importer for the Fattoria dei Barbi and Valdo labels.
Posted: December 16, 2009 By David Fleming
Diageo chief executive Paul Walsh said he won’t rule out the possibility that Diageo will move its headquarters out of the United Kingdom, prompted by recent U.K. corporate tax hikes. Walsh said in a Wednesday interview on Sky News that Diageo is “looking at all its options.”
Posted: December 16, 2009 By Dan Marsteller
Brown-Forman saw strong profit growth on the back of lower advertising, selling, general and administrative costs in its fiscal first half, ended October 31. Operating income rose 15% to $418 million.
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