Here's a news item that might not be news for anyone: Young people are drinking wine!
A very interesting article by Bob Sylvia of the Sacramento Bee details precisely this trend, backed up by some data.
According to the article, Leslie Joseph, vice
As expected, Foster’s wine business underperformed in fiscal 2008, but its beer unit “remains robust” and generated solid earnings. Recall that things came to a head in June when Foster’s ceo Trevor O’Hoy unexpectedly resigned and the company issued
For the first time in almost a decade, a new stop is being added to the Kentucky Bourbon Trail.
The Tom Moore Distillery in Bardstown, which previously was closed to the public, will start offering walking tours Oct. 1.
The trail draws tens of
United States retailers have seen their allocations of Australian wines reduced as more high-end Aussie wines head to Japan and China.
Times have changed, though, and much of the Australian wine business is now struggling. Exports to the U.S. have
More wine is the last thing Foster's Group Ltd. needs. So no wonder Foster's chairman David Crawford told Reuters that the company has not considered acquiring anything from larger rival Constellation Brands Inc., which recently put some of its
FOSTER'S Group Ltd, Australia's biggest beer and wine maker, has posted its first loss in 16 years after writing down the value of its global wine business by A$602.9 million (US$517 million).
The world's second-largest wine maker turned to a net
MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, posted a 9.4 percent decline in second-half profit on Tuesday, pressured by disappointing sales from its Californian wine business.
Shares in Fosters dropped as much as 16 cents, or 3%, to $5.17 in early trade.
The review could lead to the sale of some brands or vineyards or a separate stock market listing, but analysts say the entire business, worth up to $5 billion, is unlikely
By MIKE MASLANIK/Finger Lakes Times
Monday, August 25, 2008 11:09 AM CDT
CANANDAIGUA — Ontario County sheriff’s deputies are investigating the death of an unidentified man during Friday night’s concert at the Constellation Brands-Marvin Sands
"Even in bad times, folks are often not prepared to relinquish their 'pleasures'," says small cap growth stock specialist Ian Cooper.
in SC Trading Pit, he explians, "Even in shaky economic times, 'vice' stocks can generate astonishing gains." Here,