Suntory chief warns of coronavirus hit to alcohol consumption

https://www.ft.com/content/1008b63c-5f86-11ea-b0ab-339c2307bcd4

Further Details on Wine Tariffs hurting consumers and priducers


Reach out to your Legislative Representatives today to encourage them to protect Jobs in the industry, especially with SMEs who are most vulnerable to the effects, protect consumer choice and avoid drastically higher prices for consumers.

https://www.linkedin.com/posts/activity-6642086167724511232-xFpP

Key Importers Already Feeling the Corona Pinch

As if the regional Wine trade was not juggling enough, reports are coming out of the Tier 1 cities of cancelled events and collapsing sales.

Jim Boyce reported on events being canceled through May and June by some importers.

VINEX has now come out with their most recent study suggesting a big impact to the wine trade. https://app.vinex.market/miq/4934

Suntory will sell super-rare, 55-year old Yamazaki whisky

Shinji Fukuyo, Suntory Chief Blender and Kengo Torii head of Suntory’s whisky business  

Only 100 bottles of this rare liquid will be sold for 3 million Yen (£20.8k)

Get in the lottery now if you want one.

https://www.thestar.com.my/news/world/2020/01/30/suntory-to-sell-super-expensive-55-year-yamazaki-whisky

Treasury Stock Drops 26% Losing $3.1B USD in Market Capitalization

“Why are you persisting with this, why do you keep throwing money at it, why do you keep throwing the best resources that you’ve had … the smartest minds are in this market and all it’s doing is destroying value,” said Michael Errington, Merrill Lynch Analyst during a heated earnings call.

https://www.brisbanetimes.com.au/business/companies/all-it-s-doing-is-destroying-value-treasury-wine-slammed-for-us-push-20200129-p53vpb.html

Orin Swift and The Prisoner’s Dave Phinney turns to spirits project for next chapter

After wild success with some of California’s fastest growing brands, Dave Phinney sets his sights on whiskey.

Turning Mare Island into a hip destination distillery and sustainable living development for 75k people is the goal.

https://www-bloomberg-com.cdn.ampproject.org/c/s/www.bloomberg.com/amp/news/articles/2020-01-28/mare-island-is-the-bay-area-s-best-new-booze-destination