-
Highclere Castle Brings Bitcoin Payments To US Spirits Industry
Friday, February 26, 2021 - 3:33pm | 402Read More...Highclere Castle Spirits has transacted a payment with one of its distributors using Bitcoin (CRYPTO: BTC), which the company said could be the first transaction within the U.S. spirits industry using cryptocurrency. What Happened: The Essex, Connecticut-based Highclere Castle Spirits sold 10 cases...
-
Alcohol Sales Up 55% In Third Week Of March
Friday, April 3, 2020 - 4:06pm | 325Read More...Total alcohol sales growth for the third week of March accelerated from 28% to 55%, according to Grocery Dive. Beer By The Case Consumers appear to be stockpiling alcohol ahead of an uncertain time when alcohol stores could be forced to close. Data compiled by Nielsen shows that tequila...
-
Pass The Ball, Drink The Hennessy: NBA Names Cognac Brand As Official Spirit Partner
Tuesday, February 11, 2020 - 3:12pm | 338Read More...The NBA is taking a shot of Cognac. The National Basketball Association announced that Hennessy, the top-selling Cognac brand in the world, will be the official spirit of the league, as well as of the Women’s National Basketball Association and USA Basketball. Hennessy replaces Jack...
-
The Street's Reaction To Constellation Brands Earnings, Wine Divestiture
Friday, April 5, 2019 - 1:26pm | 641Read More...Constellation Brands, Inc. (NYSE: STZ) reported fourth-quarter results that came in better than expected. The company also announced an agreement to divest around 30 of its wine and spirits brands and related facilities for $1.7 billion. The Analysts Bank of America's Bryan Spillane maintains...
-
'They've Got To Diversify': Anheuser-Busch Buys Liquor, Canned Cocktail Company Cutwater
Tuesday, February 26, 2019 - 11:48am | 764Read More...Your dad's domestic beer is getting a little flat. At least in terms of sales. A flatter and flatter growth curve has traditional domestic beermakers looking for other drinks they can sling — and the purchase of a fast-growing liquor company by the world's largest beer maker may be...
-
Diageo CEO Talks Earnings, Global Trade
Saturday, July 28, 2018 - 1:12pm | 333Read More...Diageo plc (ADR) (NYSE: DEO), the liquor conglomerate behind brands including Johnnie Walker, reported solid earnings Thursday morning. But with the ongoing threat of a global trade war still looming, should investors be concerned about what's next for the British company? What...
-
Stifel's 5-Year Bullish Stance On Constellation Brands Fizzles
Tuesday, April 3, 2018 - 2:11pm | 449Read More...After a more than fourfold increase in Constellation Brands, Inc. (NYSE: STZ) over the past five years, Stifel's bullish stance on the stock has come to an end. The Analyst Stifel's Mark Swartzberg downgraded Constellation Brands' stock rating from Buy to Hold with a price...
-
Politics' Push And Pull On The Alcohol Industry
Monday, June 5, 2017 - 12:32pm | 1046Read More...We know that the fate of some industries better aligns with one political party over others. We’d never expect cannabis growers to vote Republican, and, at least last election cycle, private prisons were disincentivized to vote Democrat. But beer, wine and liquor producers seem less resolute...
-
Bubbly And Spirited: 2016's Alcohol Review Overflowing With Good News
Wednesday, February 22, 2017 - 11:24am | 341Read More...Trevor Stirling of Bernstein detailed in a research report on Wednesday an overview of the U.S. spirits and alcohol market throughout 2016. Highlights From 2016 Here are some of the highlights: Industry volume growth rose 2.4 percent, fell short of the pre-recession average of 3.3 percent. Irish...
-
Are Craft Beer Stocks A Buy?
Friday, June 17, 2016 - 11:45am | 355Read More...Unfortunately for investors, it may be much easier these days to find a good beer than to find a good beer stock. According to Citi analyst Wendy Nicholson, U.S. consumers are drinking more wine and spirits, which has put pressure on the beer business. Craft beer has been a strong growth segment in...
-
How One Former Wall Street Trader Is Changing U.S. Manufacturing...With Vodka
Thursday, April 17, 2014 - 3:38pm | 783Read More...Rufino Valentine grew up in a Northern Michigan town where you bought milk from the local dairy. He was raised with an appreciation and respect for handmade products. After attending college at Cornell University, he migrated naturally to Wall Street and worked as a trader for about a decade. And...
-
Is Bud No Longer America's 'King of Beers?'
Tuesday, October 22, 2013 - 3:27pm | 781Read More...Where better to find out about America's drinking preferences than from a company that produces an alleged hangover cure? According to that company, Blowfish, the Budweiser produced by Anheuser-Busch Inbev (NYSE: BUD) may no longer be the “king of beers” when it comes to the average American's...
