Monthly Archives: September 2021

Pernod Ricard Grew 9.7% Organically in FY 2021

Posted on September 1, 2021 by Joel Whitaker

Pernod Ricard reports organic sales growth of 9.7% last year, but said adverse foreign exchange owing to U.S. Dollar and emerging market currency depreciation cut reported sales gain to 4.6%.  Sales in the Americas were up 14% with broad growth in … Continue reading →

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B-F Net Sales Jump 20% in Quarter as Brand Disposals Cut Net Profit 41%

Posted on September 1, 2021 by Joel Whitaker

Brown-Forman Corp. reports net profit fell 41% to $192 million, or 40 cents a share, as sales advanced 20% to $906 million.  The lower profit reflected the year earlier $192 million gain on the sale of the Canadian Mist, Early … Continue reading →

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Coastal Grape Growers Can Use 50% Less Water During Drought, Not Hurt Quality

Posted on September 1, 2021 by Joel Whitaker

California grape growers in coastal areas can use less water during times of drought and cut irrigation levels without affecting crop yields or quality, according to a new study out of the University of California, Davis. The findings, published in the journal … Continue reading →

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Justin Vineyards & Winery Acquires Napa Valley’s Lewis Cellars

Posted on September 1, 2021 by Joel Whitaker

Lewis Cellars will remain under the leadership and guidance of Randy Lewis and Dennis Bell, while benefiting from the established marketing, strategy, and sales teams behind Justin, Landmark, and JNSQ.  Terms weren’t disclosed. “We are excited to join forces with the Justin team,” … Continue reading →

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Economy Watch: New Orders, Production Growing, Jobs Contracting

Posted on September 1, 2021 by Joel Whitaker

The overall U.S. manufacturing economy notched a 15th consecutive month of growth in August, according to the Manufacturing ISM Report on Business.  New orders were up, as was production.  The Prices Index declined 1.5 percentage points to 79.4%, its first … Continue reading →

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Bright Cellars Closes $11.2 Million Funding

Posted on September 1, 2021 by Joel Whitaker

Bright Cellars, which uses a rapid, data-driven research and development cycle to prove out new wines, said it closed on $11.2 million in Series B funding, led by Cleveland Avenue with participation from existing investors Revolution Ventures and Northwestern Mutual. Proceeds will allow the company to … Continue reading →

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