Pernod Ricard Americas Organic Growth Up 6%

But foreign exchange trimmed the reported growth rate to 9%.  In the fiscal first quarter, Pernod Ricard said sales in the Americas region reached €652 million, up from €649 million in the like year-earlier quarter.

The company noted “continued dynamism in the Americas, with good performance in the U.S.A. and acceleration of Travel Retail throughout the continent.”

On a worldwide basis, organic growth was up 5.7% while “unfavorable forex impact” trimmed reported growth to 2%.

Group topline improvement was primarily driven by the Strategic International Brands (+8%) with strong broad-based growth, in particular from Martell, Absolut, Jameson, Ballantine’s, Chivas and Malibu.

The Strategic Local Brands grew +2% with Seagram’s Indian whiskies growth still subdued due to the highway ban but strong growth in tequila and gin. Continue reading

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Sazerac Buys Stake in Indian Distiller

Sazerac acquired part-ownership in John Distilleries Pvt. Ltd. from Gaja Capital, which will continue to remain partially invested in the company.  John Distilleries produces more than 13 million cases a year.

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What We’re Reading

There are a number of reasons for this. Large corporations obviously want access to a lucrative and growing market, but craft brewers also need access to capital, better distribution deals and Continue reading

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Global Craft Spirits Market to Reach $80.43 Billion by 2025

That’s the figure computed by Grand View Research, San Francisco, which notes the global craft spirits market was valued at $6.13 billion last year.  Grand View project a 33.4% CAGR from Continue reading

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Virginia ABC Sales Jump 17.4%, to $940.1 Million, in 4 Years

In fiscal 2014, the agency’s sales total $800.5 million, according to a new report issued as part of the agency’s transition to an authority.

Roughly half the ABC’s revenue is spent acquiring bev/al products Continue reading

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Napa/Sonoma Wildfires 91% Contained

Finally, a bit of good news from California.  Those Wine Country fires in Napa and Sonoma County are 91% contained, according to CalFire.  More good news:  Rain is expected to dump 0.1-0.3 inches Continue reading

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