A new study for the Kentucky Distillers' Association by the University of Louisville Urban Studies Institute says $630 million more is planned to be spent by Kentucky distillers— based on interviews asking companies for their plans — in expansions over the next five years. That includes Diageo's $115 million Bulleit Frontier Whiskey distillery under construction in neighboring Shelby County and the recently announced $30 million Brown-Forman Corp. distillery and visitor's center for Old Forester in West Main Street's Whiskey Row. (The Courier-Journal)
Diageo aims to grow its luxury reserve portfolio from 12 percent of the business to 20 percent after launching the £45 (US$72) srp Haig Club whisky in partnership with David Beckham. Nick Temperley, head of Diageo Reserve department, called it the “most exciting product to cross my desk in 10 years at Diageo." (Off Licence News)
Pernod Ricard SA predicted full-year earnings growth that may miss analysts’ estimates after first-quarter sales declined in Europe. Adjusted earnings before interest and tax will increase 1 percent to 3 percent in the year ending June 2015, the world’s second-biggest distiller said in a statement today. “We cannot help but feel a little disappointed,” said Jonathan Fyfe, an analyst at Mirabaud Securities. He estimated full-year growth would be 3 percent and said the market consensus was 4.1 percent. (Bloomberg)
Drizly, the technology company powering fast, convenient beer, wine and spirits delivery across the United States, and Big Red Liquors, the largest Indianapolis-area package liquor retailer, have announced a strategic partnership to bring responsible alcohol delivery to consumers in the Indianapolis area. Indianapolis becomes the eighth major metropolitan market served by Drizly, joining Austin, Boston, Chicago, Denver, Los Angeles, New York and Washington D.C. Areas in Indianapolis where Drizly is now available to consumers include Broad Ripple, Brownsburg, Downtown, Fishers, Fletcher Place, Fountain Square, Geist, Irvington and Meridian-Kessler. Additional areas will be announced as they become available.
Sipp Sparkling Organics will soon be available in Wegmans stores throughout the East Coast. The regional supermarket chain will carry Sipp’s Lemon Flower, Ginger Blossom, and Mojo Berry flavors. Wegmans is one of the largest private companies in the nation, operating 84 stores in New York, Pennsylvania, New Jersey, Virginia, Maryland and Massachusetts. The grocery chain continues to be family-owned and based in Rochester, New York since it was founded in 1916. With a reputation for commitment to high-quality products, Wegmans shelves are the perfect showcase for an upscale, organic beverage like Sipp.
The Real McCoy Rum reaches a significant milestone this month with its introduction into the major spirits market of metro New York. A super-premium trio of aged rums, The Real McCoy will target both on- and off-premise accounts throughout the Big Apple. The Real McCoy’s expansion into greater New York comes after the brand's success in its six current markets, which includes upstate New York. As The Real McCoy expands statewide, the country’s largest distributor, Southern Wine & Spirits, will now spearhead distribution throughout the state. This market addition comes at an exciting time for The Real McCoy Spirits Corp., which recently joined the Davos Brands portfolio in September.