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Today's Top Story for Friday, July 3, 2009
The debt-laden maker of wine, beer, and spirits reported profits that beat forecasts. But will a restructuring and focus on premium brands boost its stock?
Today's Featured News
Constellation Brands 1Q profit drops 85 percent
Constellation Brands Inc. said Wednesday that its fiscal first-quarter profit slid 85 percent partly on increased restructuring charges, but the wine company's adjusted results still beat Wall Street expectations.
Constellation Brands Reports Decrease In Net Sales
Constellation Brands has reported that the net sales decreased 15% for first quarter of fiscal 2010. Total spirits organic net sales increased 13% for the quarter, led by a 33% gain for SVEDKA Vodka.
ASEV President Proposes Wine Ethics
Self-regulation would be a marketing plus, and could help the industry guide public policy
Howell Mountain's Cade: Greenest' winery has a golden future
High up on Howell Mountain, newly opened Cade Winery gets more than the average amount of sun...Its mountainside exposure is attributable for Cade's opening with the claim of being the "greenest," exclusively solar-powered winery in California. Did we mention it is also organically farmed?
Virus-resistant Grapevines
Viruses [sic] can cost winegrowers an entire harvest. If they infest the grapevines, even pesticides are often no use. What's more, these chemicals are harmful to the environment. Researchers are growing plants that produce antibodies against the viruses and are thus immune.
More use grazing sheep, goats against invasive weeds, vines
In between rows of grapevines at a Mendocino County farm in California, dozens of sheep are milling about, munching on the grass and weeds.
Today's Featured Blogs
Think Wine Marketing
Swimming the Grocery Channel Jul 02 I'd been listening for more than a hour , taking notes, watching for signs or cues that my client wanted more than a confirmation that the strategic business model conceived more than 7 years ago was still viable in this new, emerging economy. Sometimes it's just best to let someone talk and talk..
LENNDEVOURS
Q&A: Josh Wig, General Manager, Lamoreaux Landing Wine Cellars Jul 02 I've been writing about Finger Lakes wines for a few years now, but until maybe a year or so ago, I didn't really know very many of the players. A few winemakers here. A few winery owners there. Maybe some marketing folks. But one day, I was looking on Lamoreaux Landing's website for some information about them and I noticed "Josh Wig - General Manager" and thought to myself "Hey, I went to college with a Josh Wig. We were even in the same department (biology) but it can't be him, can it?"
ShipCompliant
Add Two to the List of Open States, and Many More Updates Jul 02 Tennessee, Kansas Open For Direct Shipping
Both Kansas and Tennessee open for direct shipping - the first two states to open in almost three years. These are the first states to change from Prohibited to Limited since Vermont in late 2006.
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