Mat og vin
Market Watch

Market Watch July/August 2019

Every issue features new product launches, restaurant and bar openings, innovative retail concepts and unique promotions for on- and off-premise establishments.

Land:
United States
Språk:
English
Utgiver:
M Shanken Communications
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2 min.
the opici story

It’s quite a legacy. More than a century ago, Italian immigrants Joseph and Esther Opici launched a tiny wine importing business in New Jersey and, from such modest beginnings, their company has grown to become a diversified enterprise and a force in the industry. Its supplier arm, Opici Wines, today boasts a portfolio of 35 wines and eight spirits, with a total volume of 700,000 cases and annual revenues of $40 million. The wholesale division, Opici Family Distributing, operates in seven eastern states and Washington, D.C. and handles 1,400 wine and spirits brands—with total annual volume at 3.3 million cases and revenues at $350 million. From that impressive base, Opici continues to grow at a healthy clip, particularly on the wine side. In 2018 Opici Wines posted growth of 12%, and…

4 min.
through the glass

RNDC And Young’s Join Forces….Republic National Distributing Co. (RNDC), the U.S. market’s second-largest spirits and wine distributor, is joining forces with fourth-ranked Young’s Market Co. Pending regulatory approval, the two sides will form a joint venture to operate in all markets where Young’s is now present, creating an $11 billion wholesale giant with a 33-market footprint. The move represents something of a bounce-back for RNDC, following the recent termination of its proposed merger with Breakthru Beverage Group. RNDC will lead operations in all 33 markets and become managing partner of the joint venture for the Young’s states, which will continue to be called Young’s Market Co. Key executives come from RNDC: president and CEO Tom Cole, COO Bob Hendrickson, and CFO Nick Mehall. A board of directors comprised equally of executives…

5 min.
openings

NYC: Cocktail Guru Opens Agave And Whiskey Bar Mixology empire Cocktail Kingdom—which encompasses a hospitality group as well as the manufacturing and distribution of barware and artisan bitters—unveiled its newest project in New York City in May, opening The Cabinet in Manhattan’s East Village. The new bar from Greg Boehm and his team focuses on mezcal, Tequila, and rye whiskey, offering roughly 80 agave distillates and 20 ryes, including exclusive and rare brands and bottlings. The menu offers both cocktails and flights. Standout drinks include the Caminante, made with jalapeño-infused Azteca Azul Plata Tequila, Giffard Menthe Pastille liqueur, Giffard orgeat syrup, and lemon juice, and the Romero, mixing Rey Campero Espadín mezcal, Distilleria Alpe’s Herbetet Génépy, and Rhine Hall Mango brandy, garnished with fresh rosemary (specialty cocktails are $15). The Cabinet’s…

1 min.
events

20 min.
new products

The Balvenie Stories William Grant & Sons has launched The Balvenie Stories, a collection of three single malt whiskies. The Sweet Toast of American Oak ($60 a 750-ml.) is a 43% abv, 12-year-old whisky finished in twice-toasted virgin oak casks from Kentucky. The Week of Peat ($99), a 48.3% abv 14-year-old expression, replaces The Balvenie Peat Week, an annual release that first launched in 2017. Both labels are permanent additions to the portfolio. The third expression, A Day of Dark Barley ($799), is a 26-year-old, 47.8% abv limited edition, distilled partly from heavily roasted dark barley. All three whiskies are available nationwide, with additional releases in the Stories collection to come in the future. For more information, visit Thebalvenie.com. Camarena Añejo Camarena Tequila, part of the E. & J. Gallo spirits portfolio, is…

3 min.
brand watch

Booker Wines Winemaker Eric Jensen has made a name for himself at Booker Wines, the Paso Robles, California-based winery he launched in 2005. At Booker, Jensen’s focus is on upscale Rhône-style offerings intended to compete favorably with high-end wines from Napa and other prestigious appellations. Leading the Booker lineup is Oublié ($80 a 750-ml.), a blend of Grenache, Counoise, and Mourvèdre that ranked No. 10 on Wine Spectator’s Top 100 Wines of 2017. Oublié and portfoliomate Fracture—a 100% Syrah—comprise around 3,500 cases each; across the lineup, Booker currently stands at around 8,000 cases. Beyond Booker, Jensen has expanded with two stand-alone brands that have potential for much greater volume. The first, My Favorite Neighbor ($80), is Jensen’s response to cult Cabernet Sauvignon iterations from Bordeaux and Napa Valley. A blend of…