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Distillers and Vintners

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  • MADISON, Wis.— Wisconsin drivers will be able to go faster in their cars, and snag free samples of hard liquor on their way home, under a pair of bills passed with bipartisan support in the Legislature on Tuesday. The Senate passed the liquor sampling bill on a voice vote with no debate, sending it to Gov. It now goes to the Senate, where it's expected to pass next month.

  • LOUISVILLE, Ky.— Liquor producer Brown-Forman Corp. is putting a descendant of its founder in charge of its original whiskey, the latest sign that it intends to rejuvenate the long-struggling Old Forester bourbon brand. Campbell Brown— a fifth-generation descendant of company founder George Garvin Brown— is being promoted to the new position of president of...

  • Dickel master distiller leaving to head Popcorn Sutton Monday, 16 Mar 2015 | 10:55 AM ET

    NASHVILLE, Tenn.— A central figure in the public dispute between the Jack Daniel's and George Dickel distilleries over the legal definition of Tennessee whiskey is leaving to head up a brand named after a legendary moonshiner. Dickel is owned by British conglomerate Diageo PLC, which has led a heated legislative fight seeking to overturn the state's newly...

  • VANCOUVER, Feb 10- When Liu Chuang landed in Vancouver in 2013, he noticed that most of the Chinese immigrants he met were heavily invested in residential real estate and hungry to diversify. Flipping houses didn't appeal to the 39- year-old entrepreneur, who is launching a Vancouver- based tech incubator to help his Chinese-born friends invest in local...

  • *China and the United States pose challenges. PARIS, Feb 9- Alexandre Ricard becomes head of Pernod Ricard on Wednesday, putting the founding family back in charge of the world's second-largest spirits maker when growth in its two key markets has slowed. To live up to those hopes, Ricard must pep up the performance in the United States and China and has only limited...

  • Pernod scion inherits China, U.S. growth challenges Monday, 9 Feb 2015 | 10:12 AM ET

    *China and the United States pose challenges. PARIS, Feb 9- Alexandre Ricard becomes head of Pernod Ricard on Wednesday, putting the founding family back in charge of the world's second-largest spirits maker when growth in its two key markets has slowed. To live up to those hopes, Ricard must pep up the performance in the United States and China and has only limited...

  • TOKYO, Feb 6- Japan's Suntory Holdings Ltd aims to double revenue at its Beam spirits business to $10 billion in five years as it capitalizes on the growing popularity of drinks like whisky and bourbon and forays further into developing markets, its new president said. Suntory last year bought U.S. bourbon maker Beam for $16 billion, propelling the company to rank...

  • Jan 27- Chocolate maker Hershey Co is in late-stage talks to acquire Krave, a maker of healthy beef, turkey and pork jerky snacks, according to people familiar with the matter. The deal is expected to value Sonoma, California- based Krave at between $200 million and $300 million, the people said this week. It sells to retailers that include Target Corp, Vitamin Shoppe...

  • SYDNEY, Jan 8- Wildfires sweeping through southeast Australia are carrying with them the spectre of a silent killer for grapes growing in the nearby Adelaide Hills wine region. As fears grow that climate change is lengthening the time and severity of Australia's bushfire season, government funding to find a solution to the phenomenon is drying up.

  • SAFT ON WEALTH-Drink, don't hold, fine wine Wednesday, 31 Dec 2014 | 3:29 PM ET

    Fine wines, held by about a quarter of global high-net worth individuals, have had a bad few years as an investment, with the Liv-ex Fine Wine 100 index down about 35 percent since June of 2011, hurt in part by an anti-corruption campaign in China. A cyclical bad patch isn't the only argument for uncorking that first or- let's be honest- third bottle of fine wine on New...

  • SANTIAGO, Nov 28- Chilean wine producer Concha y Toro reported a 15 percent rise in core earnings in the third quarter, boosted by a favorable exchange rate and higher sales prices, the company reported on Friday. Concha y Toro, one of the world's biggest wine producers and the company behind the' Casillero del Diablo' brand, reported earnings before income, tax,...

  • SAN FRANCISCO, Nov 20- Claude Burns, who just earned a degree from MIT's Sloan School of Management, hatched what he thought was a great startup idea: a subscription business peddling craft beers. "Not only did I think it should work, but I'd always wondered why it didn't exist," said Gutierrez, who before MIT had helped run a boutique Napa winery. But entrepreneurs and...

  • CANBERRA, Nov 17- China and Australia will sign a free trade deal on Monday that will open up markets worth billions of dollars to Australian farm exporters and the services sector while loosening restrictions on Chinese investment in the resource-rich nation. The deal, which Chinese President Xi Jinping is due to sign in Canberra during a state visit to...

  • China and Australia to sign free trade deal Sunday, 16 Nov 2014 | 4:56 PM ET

    BRISBANE, Australia, Nov 17- China and Australia will sign a free trade deal on Monday that will open up markets worth billions of dollars to Australian exporters. The deal, which Chinese President Xi Jinping is due to sign in Canberra during a state visit to Australia, is more wide-ranging than many industries had anticipated, thanks to a last- minute breakthrough...

  • Supermarket sweep: What could lift Kroger shares Monday, 3 Nov 2014 | 12:37 PM ET
    A shopper outside a Kroger supermarket in Peoria, Illinois.

    Kroger has delivered 43 straight quarters of rising sales at stores open at least a year.

  • Take Benoit Perrot and brothers Matthieu and Antoine Mondesert, all in their early thirties, who last November founded Demain les Vins. Their business model combines selling with crowdfunding, an approach which this year will benefit Antoine Sunier, a 34- year-old who took up winemaking in the Beaujolais region after turning his back on telecoms.

  • Food prices hit 4-year low, Russia ban hurts Thursday, 11 Sep 2014 | 8:20 AM ET

    The UN food price index has dipped to a four-year low as good weather has resulted in an oversupply of cereals and dairy imports have slowed.

  • US world's biggest wine market as France cut down Wednesday, 14 May 2014 | 1:22 AM ET
    Bottles of wine sit on a shelf at Ludwigs Fine Wine and Spirits on October 30, 2013 in San Anselmo, Calif.

    The U.S. became the world's biggest market for wine last year, beating France into second place for the first time.

  • Minimum wage windfall? States test the idea Tuesday, 14 Jan 2014 | 3:50 PM ET
    A worker puts together an order of Chicken McNuggets at a McDonald's restaurant in Little Falls, N.J.

    Companies and industries that rely on low-income spenders could see a boost to the bottom line thanks to rising wages in many American states.

  • L'Oreal on Nestle deal: 'This is business fiction' Friday, 30 Aug 2013 | 2:01 AM ET
    Jean-Paul Agon, chief executive officer of L'Oreal SA

    L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.