Shanken News Daily: Exclusive news and research on the wine, …
Florida-based restaurant giant Darden posted sales up 6% to $2.9 billion in its second quarter ended November 24, boosted by blended same-restaurant sales up 2.4% as well as the addition of 103 Chuy’s restaurants and 39 net new locations. Continue reading →
Industry Players Weigh In On Farm Bill Draft Restricting Hemp THC
Nov 26, 2024 · A new draft of the 2025 Farm Bill has been published, revealing new regulations and restrictions on the hemp-derived THC category. The bill, released by Michigan Senator Debbie Stabenow, would cap total THC at 0.3% for any …
Exclusive news and research on the wine, spirits and beer business
Oct 8, 2024 · Exclusive: Tequila And Whiskey Categories Lead Impact’s “Hot Prospects” Spirits List October 8, 2024. Each year, Impact salutes the fast-growing smaller brands from the wine and spirits business with its “Hot Prospect” awards.
Exclusive news and research on the wine, spirits and beer business
Sep 19, 2024 · Foley, Adair Lodge Winning Bids For Former Vintage Wine Estates Brands September 19, 2024. More than 20 wineries and brands from the bankrupt Vintage Wine Estates are set to come under new ownership, after an auction Tuesday in …
Exclusive news and research on the wine, spirits and beer business
Oct 4, 2024 · New York-based importer and distributor Skurnik Wines & Spirits continues to expand both its national portfolio and its wholesale business, with the company projecting $210 million in revenue this year on volume of approximately 1 million cases. Skurnik’s wholesale territory … Continue reading →
Exclusive news and research on the wine, spirits and beer business
Nov 19, 2024 · Ambitious Hemp THC Drinks Players Build A New Category In The U.S. November 19, 2024. The cannabis drinks market is growing at a rapid rate. According to research firm Fortune Business Insights, it’s projected to top $117 billion in 2032, led by North America, which dominates the global market for cannabis drinks.
News Briefs for October 14, 2024 - Shanken News Daily
News Briefs for October 14, 2024 October 14, 2024 •This winter, Danny Meyer’s Union Square Hospitality Group (USHG) and the New York Marriott Marquis hotel are putting a new spin on the View Restaurant & Lounge, New York City’s only revolving restaurant. The original View opened in 1985 atop the Times Square hotel—a popular spot …
Exclusive news and research on the wine, spirits and beer business
Apr 16, 2024 · M. Shanken Communications, Inc. has announced the program for the 48th Annual Impact Marketing Seminar, taking place at New York City’s Pierre Hotel on Wednesday, September 25. The preeminent global conference for the drinks industry, the Impact Marketing Seminar brings … Continue reading →
Exclusive news and research on the wine, spirits and beer business
Jul 25, 2024 · Exclusive: Southern Glazer’s Expands In New England, Acquiring $850M Player Horizon Beverage July 25, 2024. Top-ranked wine and spirits wholesaler Southern Glazer’s Wine & Spirits is expanding in the New England market, agreeing to acquire Horizon Beverage Group for an undisclosed sum.
Exclusive news and research on the wine, spirits and beer business
Oct 25, 2024 · Social media posts indicate a potential significant downsizing at Southern Glazer’s, centered on the craft and fine wine divisions. While the posts are unconfirmed—and Southern Glazer’s didn’t immediately respond to a request for comment—they indicate that the nation’s largest distributor … Continue reading →