News Formal

Svedka Vodka’s Parent Company Just Sold the Brand, Amid a Struggling Spirits Market

  • 📰 RobbReport
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Constellation Brands is selling Svedka Vodka to Sazerac, owner of Buffalo Trace, to focus on higher end spirits

so it can focus on its higher-end brands. It appears that some in the industry are still betting on baller bottles.Paul John Indian Single Malt Just Dropped Its New Christmas Whisky, which comes in many flavors, is priced at less than $20 per bottle. Although it originated in Sweden, the brand has been produced in the U.S. for years now from a corn mashbill. Still, it has held its own in the vodka market, which is still the best-selling spirit in the U.S.

Constellation has faced headwinds as much as any other spirits corporation in recent years. The company reported a nearly ten percent decline in wine and spirits shipments in the second quarter of this year, and overall wine has far outpaced sales of spirits in the portfolio. But according to Bernstein Research analyst Nadine Sarwat, the sale of Svedka is a good move for Constellation.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 309. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The Owner of Coach Abandons Its $8.5 Billion Bid to Take Over Versace’s Parent CompanyTapestry and Capri Holdings have called off their $8.5 billion merger. Tapestry owns brands like Coach and Kate Spade, while Capri owns Versace.
La source: RobbReport - 🏆 309. / 63 Lire la suite »

Ben & Jerry’s Sues Parent Company for Silencing Support for PalestineFearless Independent Journalism
La source: truthout - 🏆 69. / 68 Lire la suite »

American Freight closing all stores amid parent company's bankruptcy filingAmerican Freight is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.
La source: FoxBusiness - 🏆 458. / 53 Lire la suite »

Ben & Jerry's sues parent company for silencing it over Gaza stanceBen & Jerry's lawsuit says parent company Unilever silenced them on four occasions for speaking out in support of peace and human rights.
La source: trtworld - 🏆 101. / 63 Lire la suite »