As Americans’ taste for wine continues to rise, so has the US market for the libation which soared ahead of France as the world’s largest wine market last year, according to the Beverage Information & Insights Group.
The Pennsylvania Liquor Control Board (PLCB) reported the state-operated Fine Wine & Good Spirits stores took in a record $2.24 billion in revenue during the 2013-14 fiscal year, up $67 million or 3.2 percent from the previous year.
The finance director of the Pennsylvania Liquor Control Board (PLCB) has proposed to raise the price of wine and liquor, upping the markup from 30 percent to 35 percent in response to increases in pension and health care expenses, according to an internal memo obtained by the Associated Press.
The growth of mainstream demand for wine is shifting towards new markets and consumers. In part, this means more wine for millennials who are consuming more of the beverage than previous generations, according to a new report from Rabobank.
The growing popularity of bourbon has led to increased production in the spirit’s home state with more than five million barrels currently resting in Kentucky warehouses, the most since 1977.
While Europe has a storied history of brewing, Stone Brewing Co., the 10th largest craft brewer in the US, is expanding operations to Berlin to become the first American craft brewer to independently own and operate a brewery in Europe.
As the 2014 World Cup continues to ignite the globe with football fever, official champagne supplier of the games Taittinger, announced the release of a limited edition Brut Réserve NV and a gift carton made for the competition.