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Chain Beverage Buzz: February 18, 2013

February 18, 2013 By: Kristen Santoro


Bacardi Rum Set To Launch New Pineapple Fusion Extension
Bacardi USA is introducing its latest Bacardi flavor extension, Pineapple Fusion, at the NBA All-Star game this weekend in Houston, Texas. The company will do a series of events for Pineapple Fusion during All-Star Game weekend, leveraging its role as the NBA’s exclusive spirits sponsor. Pineapple Fusion, a combination of pineapple rum and coconut rum, is Bacardi’s 14th flavor extension and its first new flavor since the launch of Wolf Berry and Black Razz last April. Its retail launch will begin in April, selling at a suggested retail price of $14.99 a 750-ml. MORE>>


Ruth’s Hospitality Group, Inc. Reports Full Year and Fourth Quarter 2012 Financial Results
Ruth’s Hospitality Group, Inc. reported unaudited financial results for its fourth quarter and full year ended December 30, 2012. Net income was $3.6 million or $0.10 per diluted share in the fourth quarter of 2012 compared to net income applicable to preferred and common shareholders of $1.9 million or $0.04 per diluted share in the fourth quarter of 2011. Expenses in the fourth quarter of 2012 included a $683 thousand gain on the settlement of unclaimed property liabilities and a $4.96 million net charge related to the future relocation of one restaurant, the non-cash impairment of assets at two other units, and the disposal of property and equipment. MORE>>

 


Pernod 'open' to talks on Jose Cuervo
Pernod Ricard, the French spirits group, said it was “open” to discussion over a potential acquisition of Jose Cuervo, after talks between the family owners of the tequila brand and the UK’s Diageo broke down last year. “We are open to discussions,” said Pierre Pringuet, Pernod’s chief executive on Thursday, as the group announced a 6 per cent rise in net profit in the first six months of its financial year to the end of December. MORE>>

 


The World's Most Expensive Cocktail Is Now $12,916
An Australian bartender set a new Guinness World Record for the most expensive cocktail this week with a drink that sold for 12,500 Australian dollars ($12,916). The Age reports that Club 23 bartender Joel Heffernan is responsible for this latest entry into the realm of outrageously expensive drinks. The price of the cocktail — named Winston for Winston Churchill — is so astronomical thanks to its two nips of 1858 Croizet cognac: A bottle of the cognac has a $157,000 value and it goes for $6,000 per shot. MORE>>


Master Distiller Barry Crockett to Retire After 47 Years
Irish Distillers Pernod Ricard today announced that Barry Crockett, Master Distiller of Jameson Irish Whiskey, will retire this March, bidding a fond farewell to the Midleton Distillery in Cork after 47 years; 31 of which he spent as Master Distiller. The announcement comes, fittingly, in the week in which Whisky Advocate honored Crockett with its Lifetime Achievement award*. Brian Nation, who has been mentored by Barry Crockett for the last ten years, will take over the role of Master Distiller. MORE>>


The Flavor Factor Fuels Beer
As we put the finishing touches on our 2013 State of the Industry report, the first in our Trends in Adult Beverage series for this year, I’m realizing 2012 was indeed a weird year in beer. In fact, I’d call it a tipping point of sorts. Yes, the beer industry as a whole turned the corner after a few years of decline, and volume grew. But the growth in the beer market broke with the longstanding trend of the major domestic brands serving as the driving force. In fact, given the economic landscape, the growth drivers are somewhat counterintuitive: the most expensive beer categories outperformed the industry as a whole. MORE>>


Making a Not-so-Basic Bourbon
Maria Yost is making margaritas. If everything works out, ladies could be sipping them at book club get-togethers 18 months from now. Surrounded by test tubes and liquor bottles at Beam Inc.'s Clermont, Ky., lab, the research scientist is working on a prototype flavor for the Skinnygirl brand of alcoholic beverages aimed at calorie-conscious women. MORE>>


Elderflower Cider To Launch In The U.S.
Angry Orchard, the number one selling hard cider in the U.S.*, is releasing a new cider style from its collection - Angry Orchard Elderflower Hard Cider, the first cider of its kind. Inspired by the European tradition of elderflower cordials which dates back to ancient Roman times, the cider makers at Angry Orchard have crafted a unique hard cider that balances elderflower's subtle floral notes and tropical fruitiness with Angry Orchard''s crisp apple sweetness. MORE>>


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