just the Facts - Beam Global Wine & Spirits
Beam Global Spirits & Wine is the largest US-based spirits company and the fourth largest premium spirits business in the world
Fortune Brands this morning (8 December) confirmed that it will break up its three business units and will look to become "focused solely" on its Beam Global Spirits & Wine division. Here, just-drinks takes a closer look at Fortune's wine and spirits division.
- Beam Global Spirits & Wine is the largest US-based spirits company and the fourth largest premium spirits business in the world, with US$2.5bn in annual revenue, according to Fortune Brands.
- The firm produces leading Bourbon brands Jim Beam, Maker's Mark and Knob Creek. Whisky brands include Canadian Club, Laphroaig and Teacher's Scotch, while the firm's Tequila's include Sauza, Hornitos and El Tesoro. Beam also produces Courvoisier Cognac brand, and cordial brands DeKuyper and European Sourz. Growing brands for the firm include Effen vodka and Cruzan rum.
- Beam Global has launched a raft of new products in the last 12 months, including Jim Beam's Red Stag, Maker's 46, Cruzan 9, Courvoisier 12 and 21, Teacher's Origin in India and new ready-to-drink products in Australia.
- In October, the firm saw its third-quarter operating profits slip. For the three months to the end of September, operating profits fell by 19% on the same period a year ago, coming in at $118.1m. Before charges and gains, however, operating profits were down by only 2.3% at 145.8m. Net sales at the unit were flat for the quarter, meanwhile, inching up by 1% to $643.1m.
- In September, the company strengthened its relationship across the Control States in the US with Southern Wine & Spirits of America. As part of the deal, Southern upped its broker status for Beam Global from eight Control States to 16. The move, which took effect from 1 October, has seen Beam Global shift distribution from its own organisation to Southern in eight states.
Symington Family Estates has followed its purchase of the Cockburn's Port brand last year by selling back most of its stake in Madeira Wine Company (MWC) to the Blandy Group....
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Ashwagandha - The next functional drinks trend?
- Moet Hennessy unaffected by LVMH Dior buy
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Distell acquires majority stake in Cruz Vodka
- Portman Group heads to Tesco for new chief exec
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Global vodka insights - market forecasts, product innovation and consumer trends