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Market Watch

Market Watch September 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.
all’s well in the whiskey world

No one can say precisely when the boom started, but suffice it to say that we’re about a decade into the great resurgence. As we pause to catch our breath and take a look around, we see that things are in a good place. Sure, there are some jitters about oversupply, and we may yet see a bit of a shakeout among players who never belonged in the game to begin with. But times are very good—particularly for the two categories we feature in this issue, Bourbon and Irish whiskey Bourbon volumes reached more than 23 million cases in the U.S. market last year, up from 15.5 million cases in 2010. As growth continues to accelerate, consumer enthusiasm remains high, with distilleries now transformed into tourist destinations, attracting more than a…

4 min.
through the glass

RNDC, Young’s Finalize Joint Venture…. Following approval from the Federal Trade Commission, Republic National Distributing Co. (RNDC) and Young’s Market Co. have formally closed their deal to form a new joint venture across all of Young’s ten markets. Announced June 13, the RNDC-Young’s combination will create an $11 billion whole-sale giant with a 32-market foot-print and a 19% market share, second only to Southern Glazer’s Wine & Spirits’ 32% share. RNDC will lead operations in all 32 markets, becoming managing partner of the joint venture for the Young’s states, which will continue to be called Young’s Market Co. As a result, RNDC will now employ nearly 13,000 people. “The deal is final and we are eager to begin capitalizing on the strengths of both companies,” said RNDC president and CEO…

5 min.
openings

Cincinnati: Local Bar Team Adds Dual Drinks Space The team behind popular Cincinnati bar Sundry and Vice debuted Comfort Station, a dual-concept space with creative cocktails and lots of history, in late June. The bar is located in a 105-year-old building that once operated as a rest area and bathing house along one of the city’s busiest travel corridors. The space’s original entry—with two doors, one marked for women and one marked for men—remains intact and gives way to two distinct concepts. The larger women’s portion is light and airy, with a plant wall, skylights, and an outdoor patio, while the men’s side—which will serve primarily as a private event space—leads guests downstairs to a subterranean area with its own small bar featuring rare spirits and historic artifacts. Comfort Station’s specialty…

1 min.
events

AS PICTURED: 1. Singer Lance Bass appeared as a guest judge during the Stoli Key West Cocktail Classic mixology competition in Key West, Florida on June 8 2. U.S. soccer icon Mia Hamm attended a FIFA Women’s World Cup watch party hosted by Johnnie Walker and career development organization Ladies Get Paid at The Ainsworth in New York City on June 20. 3. Chef Curtis Stone prepared food at “Le Grand Diner,” a traveling dinner series by Bollinger Champagne in partnership with reservation app Resy, at his Michelin-starred restaurant Maude in Beverly Hills, California on June 17. 4.Queer Eye star Jonathan Van Ness partnered with Smirnoff vodka to host a “House of Pride” pop-up event on Canal Street in New York City on June 27 as part of Pride month celebrations. 5. Chicago bartender Katie…

17 min.
new products

Glenmorangie Grand Vintage Malt 1991 Moët Hennessy has launched the fourth release in the Glenmorangie Bond House No. 1 collection. The 43% abv Glenmorangie Grand Vintage Malt 1991 ($750 a 750-ml.) was created by blending two parcels of whisky aged in ex-Bourbon barrels before dividing and finishing in three cask types: ex-Oloroso Sherry, ex-Burgundy, and a smaller portion in new toasted oak. The limited-edition whisky is available nationwide. For more information, visit Glenmorangie.com. Don Julio Reposado Double Cask Dageo has launched a new limited-edition offering in the Don Julio Tequila brand. Don Julio Reposado Double Cask ($65 a 750-ml.) is a traditional reposado that’s finished for two weeks in casks that previously held Lagavulin Islay single malt Scotch whisky. The 40% abv Tequila is available nationwide. For more information, visit Donjulio.com. The Macallan Estate Edrington…

3 min.
brand watch

Schramsberg The upscale sparkling wine market in the U.S. continues to be led by Champagne brands like Veuve Clicquot and Moët & Chandon, but higher-end domestic bubblies have also been gaining ground, with Napa Valley-based Schramsberg at the forefront. Schramsberg’s depletions are nearing the 90,000-case mark, according to second-generation family member and CEO Hugh Davies. While the brand’s flagship Blanc de Blancs ($35 a 750-ml.) leads the portfolio in volume terms, with depletions of approximately 35,000 cases last year, Davies sees room for experimentation and growth at the higher end, particularly among aged sparklers. “There’s a real market for aging sparkling wines longer,” Davies says. “We’re working each year to fine-tune our program and broaden the range with more aged wines.” Among the brand’s recent ultra-aged releases is a 2000 vintage…