Talisker Releases Limited Edition 30-Year-Old Single Malt Scotch


On Tuesday, Diageo announced this year’s release of Talisker 30 Year Old, a limited-edition single malt Scotch. The expression was first launched by the Isle of Skye distillery in 2006 as part of Diageo’s Special Releases collection, though it has since become a highly sought-after annual release.

According to The Drinks Business, the whisky “captures three decades of maturation” and offers flavors like red apple, stone fruit, and pecan fudge that fade into wood spice and vanilla pod notes. The three-decades-old expression was described by Diageo as the “pinnacle of Talisker’s range of whiskies.”

“This new release of Talisker 30-Year-Old holds all the classic characteristics of the single malt, yet elevated to new heights,” Ewan Gunn, senior ambassador for Diageo’s single malt Scotch whiskies, told The Spirits Business. “Soaring with sweet smoke and pointy notes of pepper, this latest release is an elegant and complex expression. The 30-year-old is a consistently exceptional release.”

Bottled at 49.8 percent ABV, only 2,610 bottles of Talisker 30 Year Old are in circulation, making this year’s release the most limited expression in the collection to date. The whisky is currently available at select retailers and online at Malts.com and ReserveBar.com for €1,300 ($1,690). Interested buyers can also reach out to the private client team at Justerini & Brooks, according to Diageo.

“Talisker 30 Year Old is always eagerly anticipated and consistently adored by whisky fans and collectors,” Gunn said in an interview with The Drinks Business. “Talisker always embeds such a palpable sense of place in the hearts and minds of those who taste it, and this 30-Year-Old release delivers that with aplomb — with each nose and every taste you are pulled closer and closer to the mountain views of Skye.”



Source link

Posted on Categories Alcohol

Q&A with The Tea Spot’s Maria Uspenski, Founder and CEO


The Daily Tea recently had the opportunity to chat with Maria Uspenski, founder and CEO of The Tea Spot. The Tea Spot is a leading producer of handcrafted whole leaf teas and creator of Steepware – the housewares tools that make loose tea easy.

The company’s vision to modernize the loose leaf tea experience has held steadfast since the for-profit philanthropic company was founded by Uspenski in 2004, a cancer survivor drawn to the health benefits of leaf tea during her recovery.

Uspenski is also the author of Cancer Hates Tea, and she was recognized as the “Top Tea Health Advocate” at the 2017 World Tea Conference + Expo. She is often featured as a social entrepreneur and certified tea and fitness nutrition expert, in addition, to be a sought-after speaker on tea and wellness.

Uspenski’s message is simple and powerful: tea in its freshest form renders premium flavor, unmatched health benefits, and is eco-friendly. The company’s model of social entrepreneurship incorporates its mission to foster health and wellness through loose leaf tea with its 10% Pledge. Ten percent of every sale made is donated in-kind to cancer and community wellness programs. The Tea Spot is a Boulder, Colorado-based woman-owned and operated business.

***
What were some of your favorite moments of 2019?

As I scroll back through the photos on my phone, I feel almost overwhelmed at all the beautiful tea moments I got to experience in 2019. 

I invited my executive team at The Tea Spot to go do Ride the Rockies, a challenging six-day 400+ mile bike ride with more than 28,000 feet of climbing – all fueled by tea! My colleague Jessica Kochik, CMO at The Tea Spot, accepted – I’ve never seen her shy away from any challenge – and she joined me and my brother Alex on this journey. She absolutely nailed it (I struggled at times!). We rode every mile of the ride and made some fantastic memories. Our home state of Colorado is so extraordinarily beautiful, and when you spend six full days experiencing its epic views and climbs up close and personal on a bike, its beauty touches you even more profoundly. And yes, we stayed fueled by tea, as the hashtag on our branded “teasy riders” kit attests. Our favorite morning natural electrolyte concoction was ice water with half a lemon and a teaspoon of matcha, then shaken to mix. 

Taking three members of our team to a wild, remote area of Yunnan Province in Southwestern China was also a most memorable highlight. Connecting my tea sourcing and production colleagues with our tea while it’s still on the tree, and having them experience the masterful plucking and production methods, which use no electricity in any point of the process, and drinking our tea immediately after it was a finished tea in the wild tea forest… it really was unforgettable. Probably my favorite moment of this trip was when we found “our tree.” Our Wild Harvest Green Pu’erh is what we source from this tea forest. Some of the trees are more recently planted, maybe 50 years old, but others are much older, some being several hundred years old. While out plucking tea leaves under the gorgeous Yunnan sunshine, one of these older gnarly trees seemed to beckon and invite us in to catch some shade. We each sat under her for an extended period, silently. She literally embraced us. The boss noticed our attraction to this tree and said we could keep that tree and her leaves for our own exclusive production, and we were all excited to be launching some Pu’erh cakes later this year which are made with this tree’s leaves. But the most memorable moment on that trip to Yunnan was the pickup basketball game for which the whole tea village showed up. Even without any verbal communication between us and the locals, it was a moment of intense understanding of shared appreciation for the game.

The final highlight for last year was seeing our new over-wrapped tea sachets getting accolades in quality restaurant and cafe settings. We had started producing these on a Fuso machine, which we’d procured in the end of 2018, and we’re thrilled that our efforts in foodservice are being well received. The green Pu’erh I mentioned earlier, as well as some delicate green teas from Japan and China, and an exquisite Phoenix Mountain oolong are all part of our foodservice collection. It’s a real thrill for me to see the tea material and the careful work of the tea masters we have make first-hand connections with elevating the premium tea experience. It’s also rewarding to see our functional teas, signature blends, commercial iced teas, and some new herbal and decaf green teas, which we handcraft in-house, getting some fan traction in this sector.

What are you looking forward to this year – 2020?

Oy! So much change… expansion mostly. We’re getting a 2nd Fuso machine in June, have entered into some significant new partnerships, and will be launching a few key new products, working to keep on point with current trends in the industry. We will soon have an adaptogenic herbal chai, we’re developing delicious teas for new OEM customers, a new cold brew tea bottle. With any luck, I will also be able to set aside time for writing a new book on tea education, with some very exciting tea industry collaborators!

What tea trends do you see rising? Anything specific to The Tea Spot?

Functional, adaptogenic and CBD teas. Everyone wants to feel more centered in this hectic time!

I’d like to know more about where The Tea Spot sources their tea. Can you talk a little about that? Why you chose where you sourced, etc.

Over the past 15 years, we have developed close relationships with our producers as well as key distributors, so we are always connected to the product quality, livelihood, and well-being of our tea farmers. These relationships have also allowed us to be able to tweak the production of certain raw tea materials to work well for our clientele’s palates and our signature blends. As tea is a global beverage, we are all interconnected – from the garden operations to the processor, the certifiers, the supply chain, our wholesalers, and our direct customers. We are strong believers that the legacy of the leaf, as well as the cup that you drink it from, need to uphold best practices in both quality of product and the social integrity behind it. We are thankful for the relationships of trust that have been built over the years with suppliers in China, Japan, India, and Sri Lanka – where spreading the love of the leaf is our shared goal.

Where would you like to see the tea industry in the next 5, 10 years?

For us at The Tea Spot, our mission of promoting wellness through tea will have moved forward successfully if more people are making tea a part of their everyday. And in a perfect world, foodservice will have a plethora of great tea options, and we will all be able to taste wonderful new teas in North America.

Let’s discuss your involvement with the World Tea Conference + Expo? I see you’re a premium sponsor this year. What are you looking forward to at the expo this year (especially since it’s closer to The Tea Spot’s home!)

We are so excited to have the World Tea Conference + Expo coming to our backyard! In addition to teaching the marketing session for New Business Bootcamp, my team and I will be doing some presentations and cupping of CBD teas at this year’s program. Since the conference will be in Denver this year, we’re excited to get our whole team involved. Attendees will be able to speak with our in-house R&D team or tea crafters at our booth, as we blend and pack all of our whole leaf teas and sachets here in Colorado. 

What advice would you like to pass on to people as the new year unravels – as far as healthier lifestyle changes inspired by tea?

Tea, every day. In my book, Cancer Hates Tea, I advocate for five (8 oz) cups a day. It’s a lot easier than one might expect. Also, I’d advise that people take a closer look at adaptogens, to help find a daily moment of peace with their tea. Camellia sinensis is also an adaptogen, by the way.

What are some of your favorite styles of tea and why? What do you drink and when?

My husband and I begin every day with either our Wild Harvest Green Pu’erh (shan pu’erh) or a Japanese green tea, like our Japanese Orchid Sencha. I love collecting different senchas (and amazing ceramic teawares!) in Japan. It’s great to start out the mornings with something cleansing and refreshing. I also totally love the aromas of those teas. On weekends, we might go with a black (shu) pu’erh, but I can’t really say why that’s more of a weekend ritual. Later I often sip on a cold-brewed oolong tea at work. I use our larger tumbler, the “Everest”). I also drink whatever teas we have to cup that day because it’s my job. When I stay at home, I always sneak away for a few hours to my 9 x 12 feet teahouse, where I’ll usually indulge in a Shu pu’erh, Da Hong Pao, or a phoenix mountain oolong – either “8 Immortals” or Duck Shit oolong! And sometimes, I climb the hills behind my house with a tumbler of pu’erh to decompress. In the evenings, I do enjoy a warm herbal, either a hibiscus blend, like our Flat Belly Hibiscus Cucumber, or our anti-inflammatory Turmeric Tonic. 

To learn more about The Tea Spot and its array of tea and teaware offerings, visit https://www.theteaspot.com.





Source link

Hallgarten & Novum to handle Domaines Paul Jaboulet Aîné in UK


Stay informed for just £1! *

Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands worldwide.



What’s included in your subscription:
  • Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
  • Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot beverages
  • Unrivalled drinks industry comment from leading sector specialists

Ready to stay informed? Subscribe now and gain access to exclusive content.

Subscribe

Have a subscription? Sign in

For further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.

*After your 1-month trial, your subscription will continue at £315 per year.

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.



Source link

8 of the Best Red Wines From Rioja


In some ways, Rioja is the Bordeaux of Spain. It’s the country’s most celebrated wine region, known primarily for the red Tempranillo grape, which, like Cabernet Sauvignon and Merlot in Bordeaux, produces elegant, medium-bodied wines that lend themselves to lengthy barrel aging.

In fact, there’s a strong connection between Bordeaux and Rioja. The idea of barrel aging, as practiced in Bordeaux, was introduced to Rioja in the late 1700s but really took off in the mid- to late 1800s and is standard today.

Beyond that, when phylloxera swept through Bordeaux in the mid-1800s, the Bordelais turned to Rioja as a source of wine and brought their winemaking practices with them. Others had learned from Bordeaux winemakers, among them Don Camilo Hurtado de Amézaga, who founded the Marqués de Riscal winery in 1860; and Don Rafael López de Heredia y Landeta, a Chilean by birth who would become the founder of R. López de Heredia in 1877.


Get the latest in beer, wine, and cocktail culture sent straight to your inbox.

López de Heredia, in Haro in the Rioja Alta subregion, is arguably the most famous domaine in Rioja. It’s known for its traditional winemaking and long aging of its wines — well beyond the time required for the various levels of Rioja, not only for the reds, but the whites and the rosés as well.

You’ll find the classification of the wines on their labels: All will list the “cosecha,” or vintage date. Beyond that, the wines are categorized simply as “Rioja,” with no aging requirements, or as “Crianza,” “Reserva,” or “Gran Reserva,” which denote the minimum aging required in barrel and bottle, with Gran Reservas aged the most.

Rioja, which lies in north-central Spain, is divided into three regions: the higher-elevation, cooler-climate Rioja Alta in the west, where many of the most storied wineries are found; the more moderate Rioja Alavesa in the center, and Rioja Oriental (formerly Rioja Baja) in the southeast, the warmest area of the three.

The Ebro River and its tributaries course through Rioja and form the valleys of the region, whose soils include limestone, calcareous, and iron-rich clays as well as alluvial soils, resulting in bright acidity and good structure in many of the wines.

In terms of grape varieties, Tempranillo accounts for more than three-quarters of the vines planted in Rioja, with Garnacha (Grenache), Graciano, and Manzuelo as supporting players that often appear in Rioja blends. While long barrel aging is the classic method (in American and increasingly French oak), some winemakers have turned to a more “modern” style, with longer grape maceration and less oak, resulting in darker, fruitier wines. Examples of both styles are in the list below.

Here are eight of the best Rioja red wines:

Muriel Rioja Crianza 2019

Plum and sweet dark berries are the dominant aromas and flavors of this delicious Crianza from Rioja Alavesa. The wine was aged for 12 months in new and used American and French oak barrels, lending hints of cinnamon and powdered cocoa with medium, chalky tannins.

Price: $18
Buy This Wine

Ramón Bilbao Rioja ‘Edición Limitada’ 2019

This “limited edition,” 100 percent Tempranillo is fruit- and mineral-driven, with black plum and blackberry flavors, a hint of balsamic, and vibrant acidity. The wine is purplish and the oak influence is muted, so even though it’s from 2019, the wine still tastes fresh and young. A good example of how Rioja, with its acidity, can hold its own with tomato-sauce pastas and other Italian-inspired dishes.

Price: $21
Buy This Wine

Familia Torres Altos Ibéricos Rioja Crianza 2019

From the Torres family, this wine from Rioja Alavesa is marked by red fruit and dark cherry flavors with touches of vanilla and leather on the long finish. With air, darker fruits begin to emerge. It was aged for 12 months in mostly used French and American oak barrels. An excellent, under-$20 value.

Price: $15
By This Wine

R. López de Heredia Rioja Viña Cubillo Crianza 2016

This stellar wine — a blend of 65 percent Tempranillo and 35 percent Garnacha, Graciano, and Mazuelo — is from the winery’s Viña Cubillas vineyard, one of the original parcels purchased by its founder, Don Rafael López de Heredia y Landeta. The winery describes it as “a vineyard that produces exceptional wines sold as Crianza,” adding that “these wines could easily be marketed as Gran Reservas due to the exceptional combination of soil, aspect and vines.” The 2016 bears that out, with enticing aromas of cedar, meat, leather, earth, blueberry compote, and overripe strawberry. On the palate it’s softly tannic with a streak of acidity cutting through. This is a chance to experience the greatness of López de Heredia at a reasonable price.

Price: $30
Buy This Wine

La Rioja Alta Viña Alberdi Rioja Reserva 2019

From another Rioja Alta producer that goes back well over a century, this wine is soft, subtle, and delicious. Aromas and flavors include blueberry, vanilla, caramel, green olive, and black licorice. There’s an herbal note on the finish. The wine grew on me as it opened up.

Price: $23
Buy This Wine

Compañón Arrieta Rioja ‘Herrigoia’ 2022

This is a different take on Rioja — a young wine from old vines made without oak and fermented with the carbonic maceration technique common in Rioja Alavesa (and, of course, in France’s Beaujolais). The result is a delicious, “grapey” wine that almost demands a chill. Dark berry fruit flavors like just-picked blackberry, earth, and chewy tannins are its signature. It’s also an under-$15 bargain.

Price: $13
Buy This Wine

Bodegas Ollauri Conde de los Andes Rioja 2016

From Rioja Alta, this is a more fruit-driven expression that maintains its freshness despite its age. It shows mainly red fruit notes, including spicy red plum and cherry with hints of cinnamon and chocolate. Aged in French oak barrels for 14 months, the oak is nicely integrated and doesn’t call attention to itself.

Price: $50
Buy This Wine

Montecillo Rioja Gran Reserva 2015

From another century-plus-old Rioja winery, this is a stunning wine, quite Bordeaux-like in character and marked by balance and a fine tannin structure. Blueberry and redcurrant aromas are accented by cedar and a hint of tomato leaf. It’s sheer elegance on the palate with bright acidity. (Don’t confuse this with Montecillo’s stunning, black-labeled “22 Barricas” Gran Reserva, which will set you back $150.)

Price: $36
Buy This Wine

Next up: the white wines of Spain’s Rueda.



Source link

Posted on Categories Alcohol

Coffee News Club: Week of August 19th


Coffee folks call for more clarity around the EU’s deforestation legislation. Plus, new research into coffee agroforestry and Starbucks CEO Laxman Narasimhan is out, and his successor is getting a package worth around $110 million to fill his shoes. 

‘Prominent Coffee Groups Call for Immediate Interventions as EUDR Looms’ – via Daily Coffee News

A set of anti-deforestation laws known as the EUDR will go into effect on December 30, 2024. To comply with the regulations, companies importing coffee and other commodities into the EU have to prove that those items have not contributed to forest destruction.

As this deadline for large companies nears (smaller companies have an extra six months to comply), several coffee organizations claim there is still a lack of clarity on how regulations will be implemented and enforced. 

Fairtrade International, a non-profit coffee certification group, released a public statement asserting that, while it believes in the objectives of the EUDR, it wants clarification on the law’s impact on smallholder producers. Critics of the legislation believe that small-scale farmers will be unable to provide the level of traceability and reporting required to comply and that large importers will simply stop working with them.

“Fairtrade is very concerned that producer organizations will be cut off from trade with the EU market or pushed out of supply chains by larger producers not because they farm on deforested land, but because they face challenges in collecting, managing, and submitting the necessary data,” the organization wrote.

It urged the European Commission (EC) to release guidance to help clarify the rules it seeks to enforce and provide funding to assist smallholders to comply: “The farmers should not have to bear the compliance costs linked to laws imposed by the EU.”

Dozens of stakeholders from coffee organizations across the globe published an open letter to EC president Ursula von der Leyen “calling for urgent action for effective EUDR implementation in the coffee sector.” The group said they were committed to the EUDR, but asked the EC to address seven concerns, such as enhancing compliance clarity and simplifying the reporting system for companies operating in “low risk” countries.

Signatories of the letter, which claims to represent “the entire coffee supply chain, accounting for over 90% of the coffee imported, manufactured, sold, and exported in/from the EU annually,” include coffee associations from several countries, including the World Coffee Producers Forum, Global Coffee Platform, and the European Coffee Federation. 

Read the full story here.

‘Starbucks CEO Out After Just Over a Year Amid Sales Struggles’ – via NBC News

Just seventeen months after he took the top job, Starbucks fired CEO Laxman Narasimhan. NBC News reports that the company removed Narasimhan to “revive flagging sales and appease outside investors.”

Narasimhan’s replacement is former Chipotle CEO Brian Niccol, who will take over next month. The news led Starbucks stock, which had fallen 20% since the beginning of 2024, to jump 24%, while Chipotle’s stock declined. The coffee giant has struggled in recent years as it transitions from being a cafe-focused “third place” for customers to enjoy a drink on plush sofas to a drive-thru and mobile-app-focused quick-service brand.

But this quick-service transformation came at a cost: increased focus on promotions has put enormous pressure on baristas as orders flood in. An increasingly expanding menu and the literal billions of customizable drink options make wait times longer and have resulted in annoyed and sometimes aggressive customers.

Former Starbucks chair Mellody Hobson seems to acknowledge the company’s new quick service focus. She called Niccol “one of the biggest names in the industry,” noting his previous track record at Chipotle, Pizza Hut, and Taco Bell. “He knows this industry, and we thought he would be the right leader for this moment,” Hobson told CNBC.

Starbucks chairman emeritus and former CEO Howard Schultz praised Niccol, calling him “the leader Starbucks needs at a pivotal moment in its history. He has my respect and full support.” Niccol will walk away from Chipotle with around $85 million in assets and will receive a pay package worth over $110 million in his first year at Starbucks. 

Narasimhan was also celebrated when he was appointed CEO in 2022. Schultz called Narasimhan the equivalent of a “No. 1 draft choice” as well as a “world-class operator” and an “entrepreneur” who “is going to be a great, great leader for the future of this company.”

Read the full story here.

‘Study Highlights Environmental and Economic Benefits of Agroforestry for DRC Coffee Crops’ – via Mongabay

Although the concept has been around in coffee forever, agroforestry—or growing coffee in a forest among shade trees and other plants—is becoming ever more popular as the industry seeks ways to cope with the impacts of climate change.

New research in the Democratic Republic of Congo (DRC) sought to compare agroforestry growing practices to more standard techniques such as monoculture, or growing just one crop. The goal was “to see whether agroforestry could be a pragmatic solution for farmers instead of merely a solution proposed by scientists, conservationists and development cooperation actors,” according to study co-author Ieben Broeckhoven from KU Leuven, a university in Belgium.

The study found that coffee agroforestry systems return comparable yields to monoculture plantations, but support 19 times more biodiversity and store twice as much carbon, which both helps soil health and mitigates the impacts of climate change by trapping carbon in the ground. 

The researchers hope their findings show that coffee agroforestry can be a practical alternative in a country where more than 90% of deforestation is caused by smallholder farmers needing to grow monoculture crops such as coffee. “It’s a question of considering the farmers’ needs and trying to work with them,” Broeckhoven said. “A ‘solution’ or regenerative practice will never work if it negatively impacts immediate to short-term agricultural production and farmers’ income.”

Read the full story here.

More News

Artisan V3 Software Launches, Supporting Roastery Scheduling‘ – via Daily Coffee News

I Tried The Pumpkin Spice Slurpee So You Don’t Have To‘ – via Sprudge

Starbucks Korea Raises Prices Amid ‘Consistently Soaring’ Costs‘ – via World Coffee Portal

Best of Panama Shatters Price Records with $627 Per Pound Average’ – via Daily Coffee News

JDE Peet’s Announces Interim Leadership as CEO Steps Down‘ – via Global Coffee Report

Arabica Coffee Prices Dip With Brazil Crop Avoiding Frost So Far‘ – via Bloomberg

Support a Pioneering DRC Cooperative Affected by Rebel Conflict‘ – via Daily Coffee News

The Week in Coffee Unionizing

Starbucks’ decision to replace its CEO might seem irrelevant to the chain’s much-publicized union drive, but it’s worth keeping an eye on as the incoming and outgoing executives have very different histories with unions.

Laxman Narasimhan’s short tenure as Starbucks CEO saw changes in how the brand dealt with the hundreds of unionized stores. After months of delayed talks, the company and union representative from Starbucks Workers United finally began negotiating in 2024. Both parties agreed to work on a “foundational framework” that both sides anticipated would lead to a collective bargaining agreement before the end of the year.

“While there is plenty of work ahead, coming together to develop this framework is a significant step forward and a clear demonstration of a shared commitment to working collaboratively and with mutual respect,” Starbucks Workers United said in a statement at the time.

Initial negotiations marked a significant change in approach from Starbucks, which has made headlines with its combative response to the union push.

However, Narasimhan’s replacement, Brian Niccol, used to run Chipotle, which has an aggressively anti-union reputation. The company has settled multiple unfair labor practice lawsuits from its workers for allegedly closing stores and retaliating against those who tried to unionize. In 2023, during collective bargaining negotiations with one location that managed to unionize successfully, Chipotle refused to accept any of the union’s requests. Instead, it offered a modest five-cent-per-hour pay rise—for some workers. By comparison, CEO Brian Niccol earned $17.2 million in 2022

Whether Niccol changes Starbucks’ approach remains to be seen. In the meantime, collective bargaining negotiations continue.

Beyond the Headlines

‘In Central America, Women Coffee Producers Lead the Charge in Battling Climate Change’ by Malena Kruger

‘Where Are All the British Coffee Unions?’ by Fionn Pooler

‘It’s Too Soon for Pumpkin Spice. Or Is It?’ by Ashley Rodriguez





Source link

Vintage Wine Estates ‘gets green light’ to sell five brands


US group Vintage Wine Estates has reportedly been given court approval to sell five wine brands to Foley Family Wines.

After filing for bankruptcy last month, Vintage Wine Estates looks set to offload its wine brands Bar Dog, Cherry Pie, Swanson, Conentino and SCV for a total of $15m, according to Bloomberg.

US Bankruptcy Judge Mary Walrath approved the sale after Foley Family Wines’ offer came in the form of a stalking horse bid, which means it is subject to better offers should any come in the coming weeks. If competing bids are received, an auction will be held in September, according to court filings.

California-based Vintage Wine Estates filed for bankruptcy in July and announced it would voluntarily delist its common stock after failing to pay off $60.5m in debt.

The company said it planned to sell “all or substantially all” of its assets and that it had already received “multiple preliminary indications of interest” from buyers.

The filing for bankruptcy followed a raft of last-ditch attempts to salvage the publicly-listed company’s bank balance – including a round of job cuts in May.

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month, Vintage Wine Estates completed the sale of California-based Cosentino winery and equipment to Gene Wines for $10.5m.

Bloomberg also reported the US judge yesterday (20 August) approved a $3.6m sale to Playa Capital Partners LLC of some Vintage Wine Estates assets related to its Ace Cider brand.

There will reportedly be “several more to come in the coming weeks”, said Heather Lennox, a partner at Jones Day representing Vintage Wine Estates at the hearing, referring to other stalking horse bids. The company has secured buyers for “almost all of the major assets,” she told Judge Walrath.

Just Drinks has approached Vintage Wine Estates for comment.

In the six months to 31 December, Vintage Wine Estates generated net revenue of $141.3m, down from $156.5m a year earlier.

Net losses were $64.4m, an improvement on the losses of $127.6m recorded in the corresponding period the previous year.

The group has said that as of 31 December it had $21.4m in cash and $305m of current debt outstanding.

In the company’s last full financial year, which ran to the end of June 2023, it recorded losses of just short of $189m on net revenue of $189.4m.




Source link

Do Anchovy Hops Actually Taste Like Anchovies?


In the current era of craft beer, it’s safe to say that drinkers can expect the unexpected. Shop shelves are lined with cans that boast wild graphics, clever names, and strange ingredients. It takes a lot to stand out in the sea of brightly colored 6-packs and hyped-up collab brews, but there’s one add-in that still has some shock value: Anchovy hops.

To uncover the story behind this somewhat unsettling ingredient, VinePair tapped Matt Storm, co-founder of Fast Fashion Brewing, the Washington brewery that originally gave the hop its provocative name.

The origins of this controversial ingredient can be traced back to lower Yakima Valley’s Segal Ranch, a third-generation family farm that produces popular hop varieties, as well as some more experimental plantings. In September 2020, one of Segal’s more out-there strains, then dubbed 24B-05, grabbed the attention of two up-and-coming brewers visiting the farm: Fast Fashion Brewing’s owners Storm and Brian Strumke. The pair examined and sampled six or seven hop examples to potentially brew with, and landed on the experimental 24B-05 due to its intriguing aromas. The farm offered a program where brewers could pay up front to grow the hops to later use them, and with Fast Fashion Brewing’s investment, the variety was scaled up from one row of hop vines to a full acre.


Get the latest in beer, wine, and cocktail culture sent straight to your inbox.

Though some brewers stick with the numerical name of experimental hops once they’ve purchased them, when Storm and Strumke finally got their hands on the first harvest of 24B-05, they wanted to put their own stamp on it.

“The first beer we made with it was called Hot Pizza,” Storm says. “Brian thought to call the new hop ‘Anchovy’ since it would be like hot pizza with anchovies — the most ridiculous topping.”

So, to answer the burning question in everyone’s brains: No, the hop and the beer don’t taste like anchovies. Instead, they have an appealing, fruit-forward profile.

“It’s like a big punch of watermelon Jolly Rancher,” Storm says. “It has some of those classic Pacific Northwest flavors like citrus and pine, too, almost like cascade or centennial. But the thing that really jumps out is the watermelon.”

In fact, the pair originally planned to change out the hops as different “toppings” for the brew each year, but the Anchovy brew turned out so well, it became a staple in their frequently-rotating portfolio of beers. They even shared the hops with a few like-minded brewers to make their own limited-edition Anchovy brews, stirring up even more excitement for the new variety.

While the beer was a success, according to a report from DC Beer, Segal Ranch owner John Segal wasn’t too pleased with the naming decision. “Why don’t you just call the hop Sh*t?” Segal told DC Beer. “Because, as far as I’m concerned, there’s sh*t and then the next smelliest thing is an anchovy.”

The Fast Fashion Brewery owners admit the name does cause some occasional hesitation among guests, but overall, it’s just increased interest in the beer. “It’s so brash that people want to ask questions about it,” Storm says. “You have more people ask about hops than ever. In that regard, it’s a success.”

Despite the strange name, the nation’s new batch of Anchovy beers were so compelling that more U.S. breweries and international producers now seek out the hop. Some are even leaning into its fishy title with anchovy-themed beer labels. As a result, Segal Ranch has significantly increased its plantings of Anchovy to try to meet the growing demand.

Those interested in tasting the hop for themselves should venture to Fast Fashion Brewing’s annual Anchovy Hop Festival. The event celebrates beers that boast the unconventional hop with brews from across the country and, of course, some hot pizza with anchovies.





Source link

Posted on Categories Alcohol

The Coffee Bean & Tea Leaf a key performer in JFC’s ‘excellent’ second quarter


The Singapore-headquartered coffee chain achieved 21% revenue growth, increased gross profit by 49% and opened 39 net new stores during the period

The Coffee Bean & Tea Leaf operates 1,186 outlets across 25 markets globally | Photo credit: The Coffee Bean & Tea Leaf


 

Filipino foodservice group Jollibee Food Corp (JFC) has highlighted The Coffee Bean & Tea Leaf (CBTL) as a standout performer in its second quarter after posting group sales of ₱67.2bn ($1.2bn). 

 

CBTL achieved 21% revenue growth in the three months ending 30 June 2024 to reach ₱5.2bn ($93.7m), with like-for-like sales increasing 25.6%. The coffee chain’s revenue for the first six months of 2024 stands at ₱9.9bn ($175m) – 14% higher than the same period last year. 


Additionally, CBTL’s gross profit during the second quarter grew 49% year-on-year to ₱1.1bn ($20.1m) while EBITDA increased 100% to ₱896m ($15.8m). 


JFC opened 39 net new CBTL stores during the second quarter, primarily in the Philippines and Kuwait where it operates 191 and 84 stores respectively. The coffee chain’s global presence now comprises 1,186 outlets across 25 markets in East Asia, the Americas, the Middle East and the Indian subcontinent. 


In a press release, Jollibee Group CEO Ernesto Tanmantiong said the company’s coffee and tea business ‘improved sequentially and year-on-year’ in what was an ‘excellent second quarter performance’ for the group. 


JFC’s bubble tea chain Milksha achieved 7% like-for-like sales growth during the quarter, while Vietnamese coffee chain Highlands Coffee saw like-for-like sales fall 3% – an improvement on its 9% first quarter decline. 

 

In March 2024, JFC outlined plans to further scale its branded coffee chain businesses as part of plans to open 750 new stores across its quick-service brand portfolio in 2024.  


Later that month the Manila-based foodservice group acquired a 10% stake in US automated coffee and tea concept Botrista Inc. for $28m – a move JFC Chairman Tony Tan Caktiong said would ‘deliver a world-class customer experience and provide substantial runway for sustained profitable growth’. 


In August 2024, JFC completed a deal to take a 70% stake in fast-growing South Korean coffee chain Compose Coffee for $238m. The deal for the 2,500-store business is expected to add 2% to JFC’s 2024 revenues and 12% to its annual EBITDA this year, as well as increase its global store footprint by 34%. 


Founded in 1978, Manila-based JFC achieved 15% year-on-year revenue growth in 2023 to reach ₱244bn ($4.4bn). Alongside its eponymous Jollibee fast-food chain, the group also operates fast-casual brands Chowking, Mang Inasal, Greenwich Pizza, Smashburger, Hong Zhuang Yuan, Yonghe King, Red Ribbon, Tortazo, Tim Ho Wan and Yoshinoya. 



Source link

LVMH teams up with Beyoncé on American ‘whisky’ brand SirDavis


Moët Hennessy Louis Vuitton (LVMH) has entered a partnership with entertainer Beyoncé Knowles-Carter to launch American whiskey brand SirDavis.

The SirDavis whiskey is a blend of 51% rye and 49% malted barley finished in sherry casks.

While the whiskey is produced and sourced from a distillery in the state of Indiana, the final product is finished, blended and bottled in Texas. It is being marketed as a ‘whisky’ with no ‘e’.

The Hennessy Cognac and Glenmorangie Scotch whisky maker said it had been exploring ways to “deepen” its presence in the US whiskey market and called the Beyoncé Knowles-Carter partnership timing “kismet”.

“I’ve always been drawn to the power and confidence I feel when drinking quality whisky and wanted to invite more people to experience that feeling,” SirDavis founder Beyoncé Knowles-Carter said in a statement.

“When I discovered that my great-grandfather had been a moonshine man, it felt like my love for whisky was fated. SirDavis is a way for me to pay homage to him, uniting us through a new shared legacy.”

Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free
sample

Your download email will arrive shortly

We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form

By GlobalData







Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

SirDavis is being marketed in the US, Japan, France and the UK. Its retail price is $89.

LVMH tasked Bill Lumsden to create the blend. Lumsden had previously worked on the group’s Glenmorangie and Ardbeg Scotch whisky brands.

In the first half of 2024, the luxury-goods producer’s Wines & Spirits unit saw revenues drop 9% organically to €2.8bn ($3bn). The division’s profit from recurring operations was down 26% at €777m.

LVMH’s group first-half revenues declined 1% year on year to €41.6bn. The group’s net profits were down 14% to €7.2bn.

In its full year 2023, LVMH generated revenue of €86.2bn ($93.63bn), which amounted to an organic increase of 13%.

Profit from recurring operations stood at €22.8bn for 2023, up 8%. Group share of net profit amounted to €15.bn, also an increase of 8%.

However, the revenue from LVMH’s wine and spirits division fell 7% in 2023 to €7.1bn and was down 4% organically.




Source link

How Crown Royal Blackberry Became the Hottest Whiskey of 2024


“I have quite literally gotten more calls this year asking about it than Blanton’s.”

What could be this whiskey unicorn that’s causing retailers’ iPhones to vibrate non-stop? The latest tater-ific Weller variant, perhaps? The new Russell’s Reserve 15 Year Old? Some single barrel picks from cult bottler Rare Character?

“The answer to your question isn’t going to be one you’re looking for,” a liquor store worker recently wrote on Reddit, responding to a user’s request for the “most trending” whiskey of 2024. “But the most trendy or hyped bottle this year has been Crown Royal Blackberry.”


Get the latest in beer, wine, and cocktail culture sent straight to your inbox.

Intentional and Typical

Though Crown Royal Blackberry was announced and released on March 13 of this year, Scott Pascoe says he had customers coming into his South Carolina liquor store looking for it a good two months before then.

“Totally intentional and typical of Diageo, honestly,” he says, referring to the conglomerate that owns the brand and that he believes is able to astroturf hype for certain products by sending bottles to, and sometimes even paying, influencers to post about them on social media before they’re available in stores.

Indeed, if you search TikTok you can find countless, mostly positive reviews of Crown Royal Blackberry posted well before that official release date. Some of these videos are simple tastings, while others include more advanced cocktails created with the product. And then there is general zaniness, like user izzydrinks’ February review in which he mixes the flavored Canadian whisky with Sprite and then stirs it with the foot of a chair. The latter video garnered some 1.1 million views.

Another TikToker went so far as to post 15 different videos featuring Crown Royal Blackberry paired with such offbeat partners as Squirt, Hypnotiq, and Skrewball, leading up to the release day.

“Crown Royal Blackberry is the drink of the SUMMER 🥃☀,” wrote one enthusiastic creator in February, netting 2.4 million views.

In its initial March 13 press release, Diageo even mentioned all this TikTok love, noting, in classic corporate speak, that Crown Royal Blackberry “has already taken social media by storm with consumers +21 sharing their love for the new flavor and exploring their own cocktail innovations.”

(To be clear, it’s not uncommon or even unethical for brands to send new product samples out to both writers and influencers before an official release.)

“Neat, it tastes heavily artificial and even medicinal like cough syrup. Mixed it’s great — I mean it’s low proof and sweet; you can’t really go wrong.”

Whatever the case, and however you want to look at it, just as Diageo had done with Crown Royal Peach — the whiskey unicorn of the year in 2021, of which I was the first to cover — this online tactic has likewise worked extremely well with Crown Royal Blackberry.

“I certainly am getting more calls about Crown Blackberry than other allocations now,” says A.J. (last name withheld for professional reasons), who works at a liquor store in a large college town in Missouri. He notes that it was allocated from the get-go, with his particular store only getting five cases upon release. “I think Diageo is certainly part of the hype,” he adds.

Today, some five months after it was released, Pascoe says he still gets at least five calls a day for Crown Royal Blackberry and it still sells out the second it’s put on shelves. He mostly sees older zoomers and younger millennials buying it, though not of the typical whiskey tater type, he’s quick to note.

For Pascoe’s part, he doesn’t think the liquid lives up to the hype. “If you were ever given Dimetapp as a kid for allergies, you have tasted this foul stuff,” he says.

Low Proof and Sweet — Can’t Go Wrong

Indeed, Crown Royal Blackberry isn’t exciting snobby whiskey fans, nor appearing on online secondary markets where Pappy and bottles from the Buffalo Trace Antique Collection are wheeled and dealed (though it is sold illegally on Craigslist). Neither is it making appearances on the menus at elite cocktail bars across our fair nation.

Nevertheless, it has its diehard fans, as did Crown Royal Peach. “Are you drinking it straight?,” wrote one fan on Reddit, in response to a hater. “If so that’s your problem. It slaps as a mixer hence the popularity.”

“I think all the flavors trend, they’re just seasonal.”

Even whiskey connoisseurs like A.J. see its certain charms. “Neat, it tastes heavily artificial and even medicinal like cough syrup. Mixed it’s great — I mean it’s low proof and sweet; you can’t really go wrong,” he says. “Almost everyone I have sold it to raves about it mixed with lemonade, as per the recipe on the box, which recommends 6 ounces of lemonade to 1 and a half ounces of whiskey.”

Not coincidentally, that’s the same way most of the TikToker influencers chose to drink in their pre-release videos. (Mixed with Sprite is probably the second most common usage on the platform.)

Meanwhile, people clamor for it on forums, message boards, and Reddit. Stores boast about their supply. Residents living in control states like North Carolina and Ohio offer tips for what stores have bottles in stock. It even makes appearances on NSFW corners of the internet.

What else can be said? It’s yet another flavored whiskey hit from Crown Royal and Diageo. Should we be surprised any more?

All the Rage, All the Hype

As I wrote back in 2021, the fervor around Crown Royal Peach “made me explicitly aware that people who write about whiskey and read about whiskey and collect whiskey … are in a serious snob bubble and sometimes not aware what regular people are really drinking these days.”

“We found there was a huge, untapped market for people who aren’t what I like to call ‘flavor snobs,’” Nicky Heckles, former vice president of Crown Royal, told me at the time. (I was unable to speak to her or any one at Diageo for this story.)

A similar, but slightly less viral, example is Buchanan’s Pineapple, another flavored whiskey, this time of the Scotch variety, but also owned by Diageo. Though it goes through spurts of solid sales, it doesn’t touch Crown Royal Blackberry at the moment, according to retailers I spoke to. Still, the mere fact Diageo can turn something as unlikely as a Latin-inspired, pineapple-flavored blended Scotch into a hit speaks to how good the global conglomerate is at crafting flavors, or hype. Or perhaps both.

“I think all the flavors trend, they’re just seasonal,” says A.J., who notes that while Crown Royal Blackberry is ideal for summer, Crown Royal Vanilla and Crown Royal Salted Caramel always pick up in sales once winter comes.

But true unicorns don’t live on seasonal sales alone, and as Pascoe tells me, unlike, say, Pappy Van Winkle or Weller or Blanton’s, Crown Royal Blackberry will lose its hype fairly soon, whether summer ends or not.

“When I first came to work for [the liquor store] a couple of years ago, [Crown Royal] Peach was still all the rage,” he explains. “We would get a case and it was a ‘one bottle per customer’ type of thing. Then one Saturday I get to work, and we had 20 cases of Peach. Ever since then, it barely sells.”





Source link

Posted on Categories Alcohol
Exit mobile version