UK: Blavod Extreme upbeat on strong Q1
Blavod Extreme Spirits said today (20 July) that trading in the first quarter of the current fiscal year, versus the same quarter last year, is showing significant case sale increases in both the UK and US, up by 38% and 206% respectively.
At the company's annual general meeting today, Blavod's chairman, Colin Campbell, said: "As we stated in our June preliminary results announcement, popularity and therefore demand for our core brands grew rapidly during the fiscal year 2005. The company achieved its objectives and many of the actions taken during last year, in particular the re-packaging of our core Players Extreme range, are now being reflected in the company's financial performance. Margins for the total company continue to improve.
"These increases have been primarily driven by the growing popularity of Blavod Black Vodka and our Players Extreme range, both of which continue to benefit from vodka's position as the fastest growing spirit on a global scale.
"The financial performance has also been augmented through the company's multiple partnerships; during the last year the management added 13 new wine and spirit distribution agreements. As a result Blavod now markets 22 wine and spirits brands.
"In addition, the company has recently been able to announce a series of listings with significant US retailers who are to stock Blavod's products. (On) Wednesday, the board announced two further US retail listings achieved by its distribution partners.
"Firstly, Crown Wine and Spirits, the largest spirit retailer in South Florida, will sell Blavod Black Vodka and several Players Extreme vodkas in its stores starting this month. Crown will also feature two of the wines that Blavod represents in select stores.
"Secondly, Big Daddy's, a renowned retailer in Southern Florida, has agreed to sell Blavod Black Vodka and Players Extreme's three rums. Big Daddy's already stocks Players Extreme's vodkas.
"We have made a good start to the year and we are excited about many of the opportunities to develop our existing and future brands. The board is pleased with the company's trading."
US distributor Southern Wines & Spirits has secured another long-term deal with a major drinks player....
Maxxium Global Travel Retail is to enter the US duty free market on 1 July 2005, when it will take over responsibility for the brand portfolios currently represented by Future Brands Duty Free and DFD...
- Has the politics of M&A changed? - Analysis
- Fruit-flavoured beer? Think of the kids - Comment
- Most Valuable Spirits Brands in 2017 - The facts
- Drinks industry's gender failure - Consumer Trends
- Gallo's vineyard footprint in California - The map
- Anheuser-Busch readies US executive switches
- Brexit paperwork offers alcohol smuggling opp's
- Asahi’s Peroni Ambra - NPD
- Irish whiskey hails bid to relax distillery sales
- Diageo's Captain Morgan LocoNut - NPD
- Central and East Europe Report Package
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends