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Market Watch

Market Watch December 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.
best of the best

I have enormous admiration for the craft spirits movement—and judging by all the craft acquisitions of recent years, the big spirits players seem to agree. But there’s something about brands that have stood the test of time and navigated the shifting sands of generational trends that impresses me more. So many of our Blue Chip spirits brands have been around for decades—and some for centuries. Yet somehow they never lose their mojo and continue to win over drinkers, year in and year out. It’s a truly remarkable achievement. Of course, the craft distillers are mostly too young to earn Blue Chip status, though some may eventually find their place among these industry stars. Our Blue Chip brands can certainly show them the way. It’s fitting that this issue also includes our…

3 min.
through the glass

Molson Coors Looks Beyond Beer…. Molson Coors president and CEO Gavin Hattersley has unveiled a “revitalization plan” aimed at improving performance at the company, which posted net sales down 2% to $2.8 billion and EBITDA down 5.6% to $703 million for its third quarter ended in September. Among Hattersley’s key objectives is pursuing growth in above-premium labels while diversifying into new product categories—such as the recently launched Movo canned wine spritzers and La Colombe Hard Cold Brew Coffee RTD—and evaluating potential bolt-on acquisitions. In line with that move, the company will now be known as Molson Coors Beverage Co., reflecting its widening scope. Meanwhile, Molson Coors plans to invest several hundred million dollars to modernize its Golden, Colorado brewery, and simplify its corporate structure by consolidating down to two operating regions—North America…

1 min.
events

AS PICTURED: 1. Former NFL player Chris Long greeted fans as he stopped by a local Philadelphia Eagles bar for a “Crown Royal Water Break”—a campaign that promotes responsible drinking—on October 20. 2. Pop star Kesha donned a costume as she hosted a Halloween-themed event marking the launch of Jack Daniel’s Tennessee Apple whiskey at the Houdini Estate in Hollywood on October 29. 3. Country artist Maren Morris visited with WALT Wines general manager Jeff Zappelli at the company’s new Oxbow tasting room in Napa, California on November 1 as part of Live in the Vineyard 2019. 4. Justin Vineyards & Winery sommelier and wine educator Jim Gerakaris spoke during a harvest festival dinner at the estate in Paso Robles, California on October 18. 5. Andi Ichim, mixologist at Nusr-Et in New York City, bartended…

5 min.
openings

Chicago: New Bar And Restaurant Celebrates Positivity, Community Windy City restaurateur Erik Baylis debuted his newest concept in October, opening Centre Street Kitchen in a large space that houses two bars and three dining areas. The main bar features a neon sign with his catchphrase: “I’ve never had a bad day.” A cancer survivor, Baylis aims for Centre Street to embrace positivity, life, and community. Operated by Baylis’ Big Onion Hospitality, Centre Street serves a drinks menu by Dave Brown that features classic cocktails as well as an extensive selection of whiskies and spirits. Standout drinks range from the Nail in the Coffin, mixing Monkey Shoulder blended malt Scotch, Drambuie liqueur, and Bitter Queens Chocolate Walnut bitters, garnished with a cinnamon apple crisp, to The Dude Abides, blending Sneaky Fox vodka,…

14 min.
new products

Baker’s Bourbon Beam Suntory has revamped Baker’s Bourbon, keeping its 7-year minimum age statement and proof, but switching the whiskey to a single barrel bottling. The 53.5% abv Bourbon ($60 a 750-ml.) has new packaging featuring the specific age of the barrel, the barreling date, and the warehouse where it aged. Concurrently, Beam Suntory is also releasing the first limited-edition Baker’s bottling, a 13-year-old single barrel expression ($99). Both whiskies are available nationwide. For more information, visit Bakersbourbon.com. Elijah Craig Straight Rye Heaven Hill Brands has announced the debut of Elijah Craig Straight rye whiskey, the brand’s first foray beyond Bourbon. The whiskey ($30 a 750-ml.) is distilled from a mash of 51% rye, 35% corn, and 14% barley and is bottled at 47% abv. The rye will launch in January 2020 in…

4 min.
brand watch

Quinta da Fonte Souto Symington Family Estates is best known for its range of Port brands—including names like Dow’s, Graham’s, Cockburn’s, and Warre’s—totaling about 1.8 million cases annually. But the company is also investing aggressively in table wine, and recently launched a new super-premium label, Quinta da Fonte Souto, in the U.S. through its Premium Port Wines subsidiary. Quinta da Fonte Souto, a 511-acre estate in the Portalegre sub-region of Portugal’s Alto Alentejo area acquired in 2017, marks Symington’s first foray outside the Douro region. The range includes DOC Alentejo Portalegre Tinto composed of Alicante Bouschet, Tinta Amarela, Alfrocheiro, Cabernet Sauvignon, and Syrah ($25 a 750-ml.); Alentejo Portalegre Branco white blend of Arinto and Verdelho ($25); and DOC Alentejo Portalegre Vinha do Souto made of Alicante Bouschet and Syrah ($55). About…