Chain Beverage Buzz: August 20, 2012
Patrick Ricard Has Passed Away
The Family, the Board of Directors and the General Management of Pernod Ricard have the sad duty to inform you of the sudden death of Patrick Ricard, which occurred Friday. The staff of SA Paul Ricard as well as the 18 000 employees of Pernod Ricard group share the grief of the family. A tribute to him will be paid in the coming days and funeral details will be provided shortly.
Diageo Strikes Different Tone on Jamaican Rum Holdings
Alcoholic beverage giant Diageo says it has no intention of engaging in a costly and unnecessary dispute with Caribbean rum producers over subsidies given to multinationals by the US Virgin Island. At the same time, Diageo, which is a shareholder in Clarendon Distillers Limited in Jamaica, says it is seeking support from its partners at that plant to reach out to West Indies Rum and Spirits Producers Association (WIRSPA) on the trade and market issues with which they are concerned. More>>
Cracker Barrel Elects Norman Johnson to Board of Directors
Cracker Barrel Old Country Store, Inc. has elected Norman Johnson to its Board of Directors. Mr. Johnson served as chief executive officer of Clarcor for over 10 years through December 2011 at which time he became Executive Chairman of Clarcor. Mr. Johnson is the newest of seven members who have joined the Cracker Barrel board within the last 18 months. As previously announced, four of the current 14 members of the Board do not plan to stand for election at the annual shareholders’ meeting on November 15, 2012. Mr. O’Neill, who has served as President and CEO of Einstein Noah Restaurant Group since 2008, is a 25-year veteran of the Food and Beverage industry in North America with extensive experience in brand marketing, strategic planning, and store operations. More>>
Silver Oak Family Announces Acquisition of Sausal Family Vineyard and Winery
The Duncan Family, owners of Silver Oak and Twomey Cellars, announced the acquisition of Sausal Vineyard and Winery, one of the Alexander Valley's oldest and most admired boutique wineries and vineyard sites. Sausal Vineyards was acquired by the Demostene family in 1956. They planted additional vineyards and built the winery in 1973. Proud of their Italian origins, the vineyard is planted primarily to Zinfandel, as well as other varietals. The Demostene family said they are delighted to sell their property to Silver Oak, and they are confident the Duncan family will be good stewards of the land. David R. Duncan, President and CEO of Silver Oak and Twomey Cellars is excited by the vineyard acquisition as it will give him and his winemaking team a new vineyard site with unique viticultural conditions.
Treasury Wine Names New Boss for Beringer
Treasury Wine Estates, the former wine arm of brewer Foster's, has appointed John Grant to the role of managing director of its Beringer brand business unit, placing him in charge of one of the largest and oldest wine brands in America's Napa Valley. Mr. Grant replaces Stephen Brauer who left Treasury Wine Estates last month. Based in Napa, Mr. Grant will report directly to Treasury Wine Estates chief executive, David Dearie. His will cover the Beringer wine brand as well as a portfolio of other North American and overseas wineries owned by Treasury Wine Estate. More>>
Ruby Tuesday Appoints Lane Cardwell and Jeff O’Neill to the Board of Directors
Ruby Tuesday, Inc. announced the appointments of F. Lane Cardwell and Jeffrey J. O’Neill to its Board of Directors effective August 13, 2012. Cardwell and O’Neill bring substantial industry experience in business strategy and executive leadership. Mr. Cardwell has over 34 years of experience in the restaurant industry and most recently served as the President of P.F. Chang’s China Bistro from 2011 to 2012. More>>
SVEDKA Vodka Appoints New Vice President of Marketing
SVEDKA Vodka (owned by Constellation Brands) announced that Diana Pawlik will serve as the company’s Vice President of Marketing. Pawlik, a veteran of Constellation Brands, has served in this role on an interim basis since March and during that time has spearheaded initiatives driving both top and bottom line growth for the business, as well as actively leading the marketing team and representing the SVEDKA brand. Moving forward, Diana and her team will continue to develop breakthrough brand strategies, product development, innovation and marketing programs to further build the SVEDKA brand.
Bob Evans Restaurants' net sales increase 1.7%; reports same-store sales of 1.0%. BEF Foods' net sales increase 4.5%; volume up 7.2%
Company announces 1Q 2013 earnings per diluted share of $0.53; non-GAAP EPS, adjusted for restructuring and other items, is $0.58 for the quarter. Incremental investments in Bob Evans Restaurants' marketing, restaurant refreshes, and new store openings equate to $0.06 per diluted share. Farm-Fresh Refresh program continues to drive sales and profits. Company exploring opportunities to increase number of restaurant refreshes in 2013. More>>
Titled Kilt, Anheuser-Busch Raise $27,000 for Military Families
During a five-week period from May 28–July 6, Arizona-based Tilted Kilt raised more than $17,000 for the Folds of Honor Foundation through the sale of paper Dog Tags in all Tilted Kilt locations nationwide. Tilted Kilt’s partner with this promotion, Anheuser-Busch, has agreed to donate an additional $10,000 to make the total donation more than $27,000. A check presentation by Tilted Kilt President Ron Lynch and Pierre Meric of Anheuser-Busch will take place August 22 at 10:30 a.m. at the Tilted Kilt located at CityScape in downtown Phoenix. More>>
Abuelo's Mexican Restaurant Plans New Fast-casual Spinoff
Food Concepts International is planning a fast-casual spinoff of its Abuelo’s Mexican Restaurant in late October with the opening of the new Abuelo’s Taqueria in its home base of Lubbock, Texas. The 41-unit Abuelo’s casual-dining chain has designed the Taqueria concept to offer Mexican items as well as salads, vegetables and house-made sauces and salsas. The unit will also serve beer and margaritas. Robert Lin, president of Lubbock, Texas-based Food Concepts International, said, "Abuelo’s Taqueria offers us a way to further express our passion for food in a distinctively different way, while at the same time giving our guests the same quality they have come to expect from Abuelo’s.” More>>