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Tag Archives: MarketWatch

• VelvetPalate.com, a new private, wine-sale website

VelvetPalate.com, a new private, wine-sale website

Website Helps Boutique Winemakers, Responsible for Much of the Growth in the Wine Industry, Bring Their Handcrafted Wines to Consumers, at 40-65% Below Retail. While small- and mid-sized winemakers were responsible for much of the growth of the $32-billion wine industry over the past year*, their wines can be difficult to come by. Enter Velvet […]

• Beam boosts earnings by 10%. Let’s drink to that!

Beam boosts earnings by 10%. Let’s drink to that!

Beam Inc’s fourth quarter earnings rose 10% as the spirits company saw margins improve despite slower than expected sales growth. The company’s adjusted earnings topped Wall Street’s expectations, though Beam forecast current year earnings rising by a high single digit percentage while analysts questioned by Thomson Reuters expected 10% growth. Ahead of the report, some […]

• Pernod Ricard loses defamation case

Pernod Ricard loses defamation case

Pernod Ricard has lost a defamation case against a book which claims job applicants were expected to down shots of pastis to prove their drinking ability. The company had tried to censor Dealer Legal, a book by French journalist Max Coder who claims to have interviewed several of its employees. According to Coder, some prospective […]

• Pernod Ricard playing catch-up in the US

Pernod Ricard playing catch-up in the US

Pernod Ricard chief executive Pierre Pringuet has spoken of his determination to capitalise on the rebounding US spirits market and make up ground on Diageo and Bacardi in the drinks world’s biggest market. Speaking yesterday at a conference in New York, Pringuet (left) revealed that targeting women and the Hispanic community in the US are […]

• Weak Euro economies dampen Diageo results

Diageo has taken a hit in the last 6 months of 2010 from weak performance in the struggling economies of Iberia, Greece and Ireland. Publishing its results for the first half of financial year 2011, the UK-based spirits maker said overall reported sales rose 2 per cent to £5,320m. But growth was dampened by a […]

• Uh Oh. Absolut Vodka Ad Too Risque For Revolution Calendar

Uh Oh. Absolut Vodka Ad Too Risque For Revolution Calendar

The calendar, created for the Revolution chain of vodka bars, has been reprinted after Pernod Ricard asked for its flagship brand to be removed. Other “sponsors” involved include Wyborowa, Zubrowka and 42Below. Each month features a different member of staff in a sexy pose with a brand of vodka. April, for example, is illustrated by […]

• Pernod Ricard sells off New Zealand wine brands

Pernod Ricard New Zealand has sold Lindauer and several other wine brands to a consortium of buyers for NZ $88m (about $74m).