Daniel Marsteller

1 week ago | marketwatchmag.com | Daniel Marsteller |Danny Sullivan |Shane English

Every year, Market Watch sister publication Impact Newsletter recognizes the best-performing brands across the industry with its “Hot Brand” awards. This year, the Hot Brands roster includes 45 fast-growing brands from the wine, spirits, and RTD categories.

2 weeks ago | winespectator.com | Daniel Marsteller

Constellation Brands has taken another big step in streamlining its wine stable to focus on luxury brands, selling a 12-million-case portfolio of mostly value-priced brands to The Wine Group for an undisclosed sum. The deal is subject to regulatory approval and is slated to close immediately after the end of Constellation's fiscal first quarter ending in May. The news was first reported by Shanken News Daily (SND), a sister publication of Wine Spectator.

2 months ago | winespectator.com | Daniel Marsteller |Mitch Frank

President Donald J. Trump followed through on his threat to levy 25 percent tariffs on all goods from Canada, except energy imports, which will face a 10 percent tariff. The new trade duties will take effect on Feb. 4. The move immediately impacted wineries on both sides of the border, as the Canadian government responded with 25 percent tariffs on many U.S. products, including all alcoholic beverages, raising prices on American wines and whiskies.

Oct 7, 2024 | winespectator.com | Daniel Marsteller

Oct 7, 2024 Five years after going public, Duckhorn will be leaving the stock exchange. Executives at the Duckhorn Portfolio announced this morning that Los Angeles-based private equity firm Butterfly has agreed to buy the Napa-based wine powerhouse for $1.95 billion. According to Impact Databank, a sibling publication of Wine Spectator, Duckhorn is the 20th-largest wine marketer in the U.S. by volume, producing 2.6 million cases last year.

Aug 20, 2024 | news.wine.co.za | Daniel Marsteller

Americans are being more cost-conscious when it comes to their bubbly, according to a report from Wine Spectator sister publication Shanken News Daily (SND). Champagne sales have been declining in the U.S. market, while Prosecco has been growing. Champagne had been enjoying big gains in recent years in the U.S., with exports to America up 61 percent since 2020, well ahead of the second-largest export market, the U.K.But sales slipped in the past two years.