Tag Archives: CNBC

• Top Costco Executive Discusses Wine Business in Q&A

Top Costco Executive Discusses Wine Business in Q&A

Annette Alvarez-Peters is one of the most powerful people in the wine industry. She supervises the wine buyers for Costco Wholesale Corp., which sold $3.7 billion in alcohol around the world last year. The sway Costco carries in the industry from the vineyard to retail shelf is tremendous because many wineries want a shot at […]

• Bud Light Doesn’t Want To Be The Official Beer Of Domestic Violence

Bud Light Doesn’t Want To Be The Official Beer Of Domestic Violence

As the company behind Bud Light, the official beer of the National Football League, Anheuser-Busch In Bev has some major pull in professional football. Which is why the company has some strong words for the NFL over recent reports of domestic violence off the field and how the league has handled these situations. Not well […]

• Age doesn’t matter when it comes to whiskey. Heretical?

Age doesn’t matter when it comes to whiskey. Heretical?

Age is just a number, so far as spirits are concerned. “Don’t get hung up on numbers,” Dave Broom, author of “The Complete Bartender’s Guide,” told Tales of the Cocktail attendees Saturday at “The Blind Truth About Aging Whisky” seminar, sponsored by Diageo. “Age just tells you how long it’s been in a cask, not […]

• Sobering thought: Low-alcohol wine set to boom?

Sobering thought: Low-alcohol wine set to boom?

As the number of “low alcohol” wines for sale continues to grow, industry experts are divided over the demand for these products – and whether their taste will ever satisfy the sommelier’s palate. Australian Vintage has become the latest in a long line of global wine companies to launch low-alcohol – or 5.5 percent ABV […]

• “Wine is no different than toilet paper”

“Wine is no different than toilet paper”

One of the most powerful wine buyers in the world, Annette Alvarez-Peters of Costco, has slammed wine as “just a beverage” and “no different than toilet paper.” Speaking in a CNBC news report this week, the director of wine buying for the world’s largest wine retailer said: “Is wine more special than clothing? Is it […]

• Beer Companies Looking Beyond Beer for Growth

Beer Companies Looking Beyond Beer for Growth

It appears the fastest way to growth for many beer companies is to look beyond beer. The latest example came Tuesday when Molson Coors Brewingannounced it is launching Coors Light Iced Tea in Canada next month, with a possible U.S rollout at a later date. The drink is being billed as “Coors Light with a […]

• Liquid Gold: Whisky Investments Can Hit the Spot

Liquid Gold: Whisky Investments Can Hit the Spot

Fine whisky has been part of Scotland’s heritage for over 500 years, but it is only recently that the investment opportunities for its most famous export have become clear. With global demand for luxury whisky on the rise, putting your money in Scottish single malt could make you some pretty neat returns. “Over the last […]

• We believe in the long term potential of India: Diageo

We believe in the long term potential of India: Diageo

Diageo PLC is a global alcoholic beverages company headquartered in London, United Kingdom. It is the world’s largest producer of spirits and a major producer of beer and wine. Some of its flagship brands include the famous Johnnie Walker, Smirnoff and Baileys. In an excusive interview with CNBC-TV18s Executive Editor Shereen Bhan, Asia Pacific President […]