Tag

Wine And Spirits

All articles tagged with #wine and spirits

business5 months ago•3 min saved

European Spirits Industry Seeks US Tariff Relief Amid Uncertain EU-U.S. Trade Deal

European wine and spirits producers are seeking a sector-specific exemption from the US-EU trade deal's tariffs, which could significantly impact their exports and margins. Industry groups are hopeful for a zero-tariff arrangement, but uncertainties remain, affecting stock prices and prompting companies to consider price hikes and market strategies. The sector's future depends on upcoming negotiations and potential carve-outs.

via CNBC|

#business #carve-out #eu-us-trade-deal

business1 year ago•5 min saved

FTC Sues Southern Glazer's for Favoring Big Chains with Unfair Pricing

The Federal Trade Commission (FTC) has filed a lawsuit against Southern Glazer's Wine and Spirits, the largest U.S. distributor of wine and spirits, for allegedly violating the Robinson-Patman Act by engaging in illegal price discrimination. The FTC claims Southern Glazer's charged small, independent retailers significantly higher prices than large chains, harming competition and consumer choice. The lawsuit seeks to ensure fair pricing practices and restore competitive balance in the market, benefiting consumers with more choices and potentially lower prices.

via Federal Trade Commission News|

#business #ftc #price-discrimination

business2 years ago•1 min saved

Constellation Brands' Modelo-driven success fuels earnings beat

Constellation Brands, the owner of Modelo Especial and Corona Extra, reported strong earnings and revenue for its fiscal second quarter of 2024, surpassing analysts' expectations. The company experienced double-digit sales growth in its beer business, driven by the success of the Modelo brand family. However, sales of wine and spirits declined. Constellation Brands raised its earnings per share outlook for fiscal 2024 and expects growth and margin improvement in its wine and spirits division in the second half of the year.

via CNBC|

#beer #business #constellation-brands