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Beverages Distillers and Vintners

  • CHARLOTTESVILLE, Va.— As President Donald Trump touts job creation for Americans as a top priority, his son's Virginia winery is seeking permission to hire foreign workers to cultivate its grapes. Trump Vineyard Estates, better known as Trump Winery, asked to bring in 29 workers this season through the federal H-2A visa program, The Daily Progress reported.

  • YAMAZAKI, Japan— A dim storage room surrounded by bamboo groves and pastoral hills is filled wall-to-wall with 3,000 wooden barrels. The Suntory distillery in Yamazaki, near the ancient capital of Kyoto, is where the first drop of made-in- Japan malt whisky was distilled in 1924.. They are much more a product of their environment, " Wes Barbee, a 23- year-old...

  • YAMAZAKI, Japan— A dim storage room surrounded by bamboo groves and pastoral hills is filled wall-to-wall with 3,000 wooden barrels. The Suntory distillery in Yamazaki, near the ancient capital of Kyoto, is where the first drop of made-in- Japan malt whisky was distilled in 1924.. They are much more a product of their environment, " Wes Barbee, a 23- year-old...

  • It's riding the wave of bourbon's popularity as its parent company— spirits giant Diageo— looks to expand a brand started 30 years ago when Kentuckian Tom Bulleit revived his family's whiskey recipe. Diageo sees the distillery, built on rolling farmland in Shelby County, as a catalyst for the brand that has flexed its muscle with annual double-digit sales...

  • SHANGHAI, Feb 22- Hong Kong stocks on Wednesday morning erased the previous day's loss, helped by record-setting U.S. markets overnight and stronger inflows from the mainland. China's main stock indexes edged lower. Investors were unfazed by official data showing that China's home price growth slowed for the fourth straight month in January as demand cooled...

  • *China relaxes trading rules on stock index futures. SHANGHAI, Feb 17- Benchmark stock indexes in China and Hong Kong fell on Friday as investors took profits on resources shares, but losses were checked by strength in Chinese brokerage shares after authorities relaxed some rules on stock index futures trading. China's blue-chip CSI300 index fell 0.2 percent...

  • Feb 15- Shmaltz Brewing Co said on Wednesday it agreed to stop selling beer carrying the "MANNAge a Trois" name to settle a lawsuit in which California's Sutter Home Winery Inc accused it of infringing its "Menage a Trois" trademark. In a Nov. 28 complaint in San Francisco federal court, Sutter Home had said MANNAge a Trois was "confusingly similar" to Menage a Trois, a...

  • LONDON, Feb 14- Pernod Ricard would have to pass a proposed U.S. tax on imported goods onto consumers, the chief executive of the French spirits group said on Tuesday. "Retailers are saying, and we're fully in line with them, that the border adjustment tax is a consumer tax, a consumption tax," Alexandre Ricard told reporters in London. The lobby group, launched earlier...

  • SYDNEY, Feb 14- Australia's Treasury Wine Estates Ltd, the world No. 1 stand-alone wine company, posted a record half-year profit on U.S. and China sales, but its shares came off all-time highs on worries its rapid growth may have peaked. Treasury's shares have tripled since 2014 under Chief Executive Michael Clarke as it rebuffed two takeover approaches, rebuilt...

  • *Frenchman Michel Barnier is EU Brexit negotiator. BRUSSELS, Feb 12- Michel Barnier has a dealmaker's flair for gauging what the other side can accept but as Theresa May prepares to launch Brexit negotiations some EU officials wonder if Brussels' man can really figure out what she wants. That is a nagging question for European Union leaders who need the veteran...

  • WILMINGTON, Del., Feb 1- Financially distressed companies that file for U.S. bankruptcy are emerging from court proceedings more quickly than ever, lowering legal costs but also forcing junior creditors to scramble to protect their interests. "It used to be a roach motel," said Melissa Jacoby, a professor at the University of North Carolina School of Law.

  • WILMINGTON, Del., Feb 1- Financially distressed companies that file for U.S. bankruptcy are emerging from court proceedings more quickly than ever, lowering legal costs but also forcing junior creditors to scramble to protect their interests. "It used to be a roach motel," said Melissa Jacoby, a professor at the University of North Carolina School of Law.

  • *Shipments to Hong Kong fall as exporters send to China directly. SYDNEY, Jan 27- The value of Australian wine exports to China surged 40 percent in 2016, industry figures showed on Friday, unexpectedly driven by sales of premium labels rather than the cheaper wines that major producers had been looking to boost. Rising exports to China, Australia's No. 1 wine...

  • Most Expensive 2014- wine Romanee-Conti

    As sterling tumbled following the Brexit vote, anything priced in pounds suddenly became much cheaper for international buyers, including wine.

  • LONDON, Dec 16- Beam Suntory, the world's third-largest spirits company known for Jim Beam and Maker's Mark bourbons, is to buy a controlling stake in London gin distiller Sipsmith, aiming to cash in on rising demand for craft spirits and gin. The amount of gin drunk in UK bars rose 14 percent by volume and 19 percent by value in the year to Oct. 1, according to the wine and...

  • WELLINGTON, Dec 14- Parts of New Zealand's key export industries and its vital tourism sector are battling to get back on track a month after a deadly earthquake rocked the nation, crippling roads and slowing shipping. At one of the country's main ports in Wellington,' no-entry' signs dot parts of the site hit by liquefaction, cracking or buckling, hampering...

  • PARIS, Dec 1- French spirits group Remy Cointreau said on Thursday it had agreed to buy American single malt whiskey maker Westland Distillery to tap growing demand for higher-priced spirits and boost its profit margins. Seattle- based Westland, which has a portfolio of single malts in a price range of between $70 and $125, will complement Remy's portfolio of...

  • PARIS, Dec 1- French spirits group Remy Cointreau said on Thursday it had agreed to buy the Seattle- based Westland Distillery, which produces an American single malt whiskey, further strengthening its portfolio of premium drinks. The transaction, whose financial terms were not disclosed, is due to close before the end of the year, the statement said.

  • NEW YORK, Oct 21- Advertising technology company Mirriad says it is working with Samsung Electronics Co Ltd and China's video site Youku to market Samsung products to Chinese viewers who are gravitating toward streaming video content. Chinese e-commerce giant Alibaba Group Holding Ltd bought YouTube-like site Youku for over $4 billion to tap into an...

  • *Q2 net sales $2.02 bln vs est $1.96 bln. Constellation said it would buy Utah- based High West Distillery for about $160 million to enter the high-end craft whisky market and expand its premium liquor portfolio. Constellation last year acquired Sculpin IPA craft beer maker Ballast Point for about $1 billion to enter a fast-growing market.