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Friday, August 6, 2021

Major Players Target Premium Spirits As Growth Continues

Volume 360 | August 6, 2021
Major Players Targeting Premium Spirits As Growth Continues

Major players in the beverage alcohol industry are making deals to boost their premium offerings as higher-priced drinks are expected to continue growing faster than moderate-priced drinks over the next five years. Sales of 750 ml bottles priced at +$200 are expected to see annual growth of 9.3% until 2025, according to IWSR.

Pernod Ricard has made a number of premium acquisitions over the past two years, including an investment in Japan’s Kyoto Distillery and a buyout of Monkey 47 gin, while Beam Suntory has committed to making half of its revenue from premium drinks by 2030. Campari also launched a dedicated division this past June focused on luxury spirits in the United States.

"We continue to look at the super-premium-and-up part of tequila as an area of opportunity ... for M&A," said Campari Group’s Chief Executive Bob Kunze-Concewitz. 

Further reading: Reuters
TRENDING THIS WEEK

Source: Park Street

Source: The Spirits Business

Source: National Retail Federation

Source: The Spirits Business
MEET THE BAR CONVENT BROOKLYN SPEAKERS

Park Street Companies is pleased to announce its return to Bar Convent Brooklyn to host Park Street University: Seminars for Drinks Entrepreneurs.

This panel will provide guidance on developing creative ways to talk about your concept and goals so you can engage prospective investors and put money on the table.

From Concept to Capital 
Tuesday, August 17 at 2:30pm

Renata Bergman, Head of Strategy and Platform, ZX Ventures
Stephen Rannekleiv, Global Sector Strategist – Beverages, Rabobank
Jennifer Evans, Vice President, Constellation Ventures

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Wine Enthusiast

Wine Enthusiast


Wedding Wines Are Whatever You Want them to Be

Posted: 06 Aug 2021 04:30 AM PDT

wedding wines
Getty

Hannah Brown and her fiancé, Andy Putch, have been busy collecting inspiration for their upcoming wedding in Provence, France. But it's not all Pinterest boards and bridal magazines.

"When we're at a restaurant with a sommelier, we always ask for their favorite vineyard recommendations in France," says Brown, who works in marketing in New York City.

Showcasing Provençal wines is a priority for the couple. Their wedding was scheduled originally for May 2021, but the pandemic postponed the festivities until next year. The guest list will be small and the event outdoors, but "we always planned to go all out on food and wine," says Brown.

Hannah Brown Andy Putch
Hannah Brown and Andy Putch / Photo courtesy of Hannah Brown

Brown's appreciation for wine and her desire to be a generous host comes from her father. Growing up in Belgium, he would take the family on spontaneous road trips to discover new wine regions.

"He would load up the trunk with cases of wine and, back at home, fill up shelves and shelves of Ikea wine racks in our basement," she says. "He loved a Châteauneuf-du-Pape, a Brunello di Montalcino, a Tignanello, big, bold reds. If he were here today, he would commandeer the wine list for my wedding."

In his absence, Brown feels connected to him as she selects the wines that she hopes will delight guests.

"It's important to create an experience for our guests that has a real sense of place," she says.

The postponement gave the couple more time to research. They've discovered new-to-them wines at bars and restaurants like Bibber & Bell and Compagnie des Vins Surnaturels in New York City, Allison Bart's Downstate Wine Club, and Sawyer's in Southwest Harbor, Maine.

Once they finalize the dinner menu, they plan to taste bottlings from Domaine de la Citadelle, Château Lacoste, Château d'Estoublon and others from Provence and nearby regions.

"Going into it, we're thinking two reds, two whites and a rosé," says Brown. "But we'll have to wait and see what we really love. It could change, depending on what we discover. We love funky reds, minerally whites."

As Covid-19 vaccinations become more available, couples can again plan for their big day, in some cases after months of delays. Sommeliers have noticed a change in perceptions of what's considered a "traditional" wedding wine.

"I am seeing a real interest in wines that have some residual sugar," says Mark Cartland, wine director at Island Vintage Wine Bar in Honolulu. "This represents a seismic shift from the days where couples only wanted dry wines for their guests. It is now not uncommon to have a request for a German Riesling or Italian Moscato d'Asti to be included in the lineup."

canned wines Nomadica
Canned wines can be cost-effective and convenient / Photo courtesy Nomadica

Couples also capitalize on the growing ubiquity of canned wines, which can offer a more convenient, cost-effective option.

"I've noticed couples are leaning toward affordable quality, lots of natural wines and more unique offerings," says Kristin Olszewski, wine director at Gigi's in Los Angeles. She's also the founder of Nomadica, a canned wine brand. She believes couples are choosing canned wines for weddings because they tend to have "universally appealing flavor profiles."

"The last year showed us that we shouldn't take anything for granted and that every moment, especially a wedding, is cause for celebration." —Katie Collopy

While the landscape of wedding wines continues to evolve, certain classics remain as popular as ever. Sparkling wines continue to be a trusty go-to, which influenced famed fashion designer Vera Wang to enter the category.

Wang, known for her glamorous bridal gowns, last month launched Party, a premium Italian Prosecco served in a sleek silver bottle and outfitted in bold, neon-green lettering.

"Prosecco is not only about weddings," said Wang at a press event in June. "It's about celebrating life, not simply milestones, but every day. That's one of the grounding points I wanted to connect with people on."

Katie Collopy Tabor Brown
Katie Collopy and Taber Brown / Photo courtesy of Katie Collopy

Katie Collopy can relate to that sentiment. A publicist in New York City, she's planning her wedding next July in Northern California.

"The last year showed us that we shouldn't take anything for granted and that every moment, especially a wedding, is cause for celebration," says Collopy. "We definitely want to go all out on the things that are important to us: food, wine, etc.

"That being said, the last year was hard for a lot of people, and I think doing anything too ostentatious would be a bit distasteful."

Collopy and her fiancé, Taber Brown, have studied wine. A couple years ago, they even attempted to craft their own vintage.

"From our tiny NYC apartment," says Collopy. "It didn't go well, but we had fun nonetheless."

They won't be making a second vintage attempt for their wedding. Instead, it's all about finding the right combination of traditional and unconventional for their wedding wines—whatever that looks like.

"Our Champagne toast will be with Krug, the wine with which we celebrated our engagement," says Collopy. "I'd love a fun mix of smaller producers that Taber and I enjoy, as well as some crowd pleasers for other guests. While wine won't be the most important element of our wedding, it definitely is essential to curating the whole experience."

Italian Pinot Grigio is More Versatile Than You Might Think

Posted: 06 Aug 2021 04:00 AM PDT

Organic Ripe Pinot Gris Grapes
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Classic and crisp, Italian Pinot Grigio is a crowd-pleasing white wine and warm weather staple. There are plenty of steely and neutral bottlings, but the versatile grape can deliver fruity, floral, mineral and even nutty tones. Here are nine Italian Pinot Grigios that don't skimp on flavor.

Venica & Venica 2019 Ronco del Cerò Pinot Grigio (Collio); $28, 93 points. Classic varietal aromas of crushed tomato vine, exotic fruit and wild herb almost jump out of the glass. On the vibrant, savory palate, tangy acidity underscores pineapple, grapefruit and green melon, while an energizing mineral note evoking saline lingers on the finish. Grand Cru Selections. —Kerin O'Keefe

Alois Lageder 2019 Porer Pinot Grigio (Alto Adige); $26, 92 points. Racy and mineral driven, this vibrant white has compelling aromas of wet slate, Alpine wildflowers and mountain herbs. Certified organic and biodynamic, it’s dry and linear, featuring ripe yellow pear, graphite, white pepper and hazelnut alongside bright, restoring acidity. Dalla Terra Winery Direct. —K.O.

Jermann 2019 Pinot Grigio (Friuli); $30, 92 points. Aromas of Alpine herb, white spring flower and ripe orchard fruit mingle together in the glass. Tangy and rounded, the savory palate boasts intense flavor and finesse, doling out ripe yellow pear, white peach and a hint of green melon alongside fresh acidity. LUX Wines. —K.O.

Kofererhof 2019 Pinot Grigio (Alto Adige Valle Isarco); $30, 92 points. Aromas of ripe white stone fruit, sun-warmed hay and Alpine wildflowers mingle together on this savory white. On the dry, medium-bodied palate, hints of fennel seed, hazelnut and saline accent a core of yellow pear and honeydew. Fresh acidity keeps it nicely balanced. Skurnik Wines, Inc. —K.O.

Pacher Hof 2019 Pinot Grigio (Alto Adige Valle Isarco); $31, 92 points. Demonstrating Pinot Grigio’s potential for yielding wines boasting serious quality when made in the right hands, this lovely white has heady aromas of white spring wild flower, ripe pear, Alpine herb and a whiff of hazelnut. Showing flavor and finesse, the crisp, dry palate features creamy apple, white peach and a hint of lemon drop alongside a tangy saline note. Vias Imports. —K.O.

Tiefenbrunner 2019 Pinot Grigio (Vigneti delle Dolomiti); $19, 91 points. Aromas of honeysuckle, green apple and honeydew melon follow through to the juicy palate, along with a note of white peach. Tangy acidity lifts the rich flavors. LLS–Winebow. Editors' Choice. —K.O.

Castelfeder 2019 Pinot Grigio (Alto Adige); $16, 90 points. Delicately scented, this has aromas of white stone fruit, citrus and mountain hay. The rounded, medium-bodied palate features ripe pear, candied lemon drop and hazelnut alongside tangy acidity. Bacchanal Wine Imports. —K.O.

We Recommend:

Elena Walch 2020 Pinot Grigio (Alto Adige); $19, 90 points. Savory and bright, this lovely white has aromas of white stone fruit and whiffs of white spring flower. Reflecting the nose, the tangy palate doles out ripe yellow pear, creamy apple and a hint of nectarine before a clean, dry close. USA Wine West. —K.O.

Peter Zemmer 2020 Pinot Grigio (Alto Adige); $17, 90 points. Enticing scents of spring blossoms and summer orchard fruit waft out of the glass. On the polished, expressive palate, fresh acidity accompanies ripe yellow pear and apple before a white almond close. HB Wine Merchants. —K.O.

This weeks hot new products - Latest Savings 😎

Latest products and offers

We've had some great new products land with us this week so we thought we'd give you a bit of a heads up.

First up, Woodfordes Wherry Starter Kit, a great introduction to home brewing at a great price, with a RRP of £39.99 we've smashed that price down to £24.99, grab them whilst stocks last. And don't forget to check out our ever growing range of beer kits, there really is something for everyone.

Next Up we've had a new delivery of our fantastic Stainless Steel Kettles, meaning we have 25L, 35L, and 50L back in stock and this great new addition of a 12L which is perfectly suited for those brewers that want to do small batch brewing or Mini Mash.

Then for those who are considering moving to All Grain Brewing using an All in One System the folks at Grainfather have dropped the price of the G30 by 10%, making it a real bargain at £629. And because of this saving we've also been able to reduce the prices on our G30 Bundles even further

This is just some of the great new items we've had this week, so be sure to check out the New Products Category on the site through out the week as we are constantly adding to it, and if you're looking for the latest Special Offers you can find those here.
 

NEW PRODUCTS SECTION
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