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Very Important Beverage Professionals Chain Beverage Buzz: April 29, 2013

April 29, 2013 By: Kristen Santoro


Twin Liquors Owners Issue Statement On Federal Raid
A federal search warrant was served to Twin Liquors on Tuesday, according to several law enforcement agencies. Dexter Jones, an assistant chief with Texas Alcoholic Beverage Commission, said the agency is involved in a joint operation with other federal and state agencies at liquor stores' headquarters. No further details were available from TABC since it's an open investigation. Employees said the agents arrived around 11 a.m. and told everyone to go home. MORE>>


The Cheesecake Factory Reports Results for First Quarter of Fiscal 2013
The Cheesecake Factory Incorporated (NASDAQ: CAKE) today reported financial results for the first quarter of fiscal 2013, which ended on April 2, 2013.  Total revenues were $463.0 million in the first quarter of fiscal 2013 as compared to $435.8 million in the prior year first quarter. Net income and diluted net income per share were $25.3 million and $0.47, respectively, in the first quarter of fiscal 2013.  MORE>>


Sage Restaurant Group Announces Internal Growth
Sage Restaurant Group (SRG), the Denver-based independent restaurant group dedicated to creating experiences where food, drink, and inspired design meet and mix, is pleased to announce four recent internal promotions. This upward movement within the company emphasizes SRG's aggressive growth strategy and commitment to the personal development of its workforce. Within SRG's nine restaurant properties, these three  individuals have been recently promoted or joined the company at the following positions: Brian Kanak, Executive Chef of Toasted Oak Grill & Market in Novi, MI; Megan McGinness, General Manager of Toasted Oak Grill & Market; and Mark Orttel, General Manager of Second Home Kitchen + Bar in Denver, CO. MORE>>


Granite City Food & Brewery Common Stock to Move to OTCQB
Granite City Food & Brewery Ltd. Company management recently met with The NASDAQ Hearings Panel to discuss the listing of its common stock, along with its future growth plans. Due to the Company’s planned new restaurant growth in 2013 and future years, the Company will take approximately a $400,000 - $500,000 pre-opening expense related to the opening of each store. MORE>>

 


Impact Databank: Upscale Brands Drive Bourbon’s U.S. Growth

With the U.S. market’s whisk(e)y renaissance in full swing, the Bourbon category expanded by 650,000 cases last year, rising an aggregate 4% to 16.8 million cases, according to Impact Databank. Among the seven biggest Bourbon brands in the U.S., only two labels declined last year, Early Times and Old Crow, both at the value end of the category. MORE>>


Pernod Ricard posts 2.4% rise in quarterly sales
French drinks group Pernod Ricard reported on Thursday a 2.4 percent sales increase in the third quarter of its 2012/13 financial year and confirmed its target for a rise in full-year operating profit of almost six percent. Pernod, which owns a wide range of brands including The Glenlivet, Jameson, Chivas and Ballantine's whiskies and Mumm champagne, said that sales rose to 1.743 billion euros ($2.27 billion) in the three months to March 31, and added that in the first nine months of its year they totalled 6.65 billion euros, mainly owing to strong demand in China, India and Russia. MORE>>


Global appetite for Heineken slips
Shares in Heineken dropped after the Dutch brewer reported that global appetite for its beer had fallen in the first quarter compared with a year earlier. The results came as a surprise for the markets after the group’s strong performance in the fourth quarter last year. The world’s third-largest brewer by revenue saw its sales rise 8 per cent year-on-year to €4.15bn, but that was largely down to its acquisition last year of Asia Pacific Breweries, maker of Tiger beer. MORE>>


National Restaurant Association, Technomic and DigitalCoCo Present the 2nd Annual Fast Casual Trends & Directions Conference on May 17 and 18
The National Restaurant Association in partnership with Technomic and DigitalCoCo, is pleased to present the 2nd annual National Restaurant Association Fast Casual Trends & Directions conference, an industry event focused on the fast casual segment.  The event will be held May 17th & 18th, 2013, in Chicago.  The conference is designed to deliver a comprehensive look at where the fast casual segment is and where it is headed. The event will bring together key players in the fast casual community, including leaders from the National Restaurant Association’s Fast Casual Industry Council. MORE>>


Wine By The Glass Sales Rise As Millennials Look To Experiment, Diversify Repertoire
High-end wine consumption in the on-premise isn’t as robust as it was in the pre-downturn days, but wine sales overall continue to rise in the channel—up 5.2% last year according to Technomic. Restaurateurs and wine marketers say the by-the-glass segment has created new opportunities for growth, particularly among younger consumers. MORE>>


Westgate Resorts Founder David Siegel Named to Central Florida Hospitality Hall of Fame for 2013
Westgate Resorts is pleased to announce that our President and CEO David Siegel has been named to the Central Florida Hospitality Hall of Fame by the University of Central Florida's Rosen College of Hospitality Management in recognition for his long-standing "service and commitment to the local hospitality industry." MORE>>


Messina Hof: Texas Winery Wins Big at Three International Competitions
Messina Hof Winery and Resort, www.messinahof.com, one of the fastest growing, award-winning wineries and resorts in Texas, received three gold medals at the 2013 Dallas Morning News International Wine Competition. This win comes after receiving "Top All-Around Winery" at the 2013 Houston Livestock Show and Rodeo (HLSR) Uncorked! International Wine Competition where they were selected from 943 wineries across the United States and 21 other countries. MORE>>


Inside the “Liquor Wars:” the legislation, the litigation and the interests
Two bills, more than six lawsuits, at least 34 contract lobbyists, and countless companies are involved in the wine and spirits issue that is progressively rising as legislative session nears its end. Referred to by some on both sides only half-jokingly as the “liquor wars,” the issue at stake could alter the distribution of the wine and spirits industry throughout the state, which people on both sides of the issue argue will affect consumers. The question is how. MORE>>

 

 


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