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
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.
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
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
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
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