DOCSLIB.ORG

Indian Spirits Market

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Indian Spirits Market 27 September 2012 Europe Equity Research Beverage (Food Producers & Processors/Personal Care & Household Products/Beer & Alcoholic Beverages) / UNDERWEIGHT/OVERWEIGHT Indian Spirits Market Research Analysts INDUSTRY PRIMER Alex Molloy 41 44 333 05 83 [email protected] Indian spirits: All aboard Charlie Mills 44 20 7888 0325 ■ The India spirits market is huge – number 3 globally by volumes, boasts [email protected] some of the largest brands in the world, growing mid-teens last 5 years and Nicolas Sochovsky showing healthy signs of premiumising. It has been largely inaccessible to 44 20 7883 8075 [email protected] foreign players due to punitively high import tariffs. The market is highly Sanjeet Aujla complex with local and national taxes and operates more like 28 separate 44 20 7888 0353 markets. However its potential seems clear, and any signs of deregulation [email protected] would represent a material opportunity to the global spirits players. Jimmie Bork ■ 44 20 7883 9941 Pernod: Though India only represents 6% of Pernod’s sales, it is probably [email protected] closer to 20% of the group’s organic growth. Pernod’s track record in the Michael Bleakley region has been very strong indeed and its business there is perhaps the 44 20 7888 0336 hidden jewel in the Pernod crown. [email protected] ■ Diageo: The news that Diageo is in discussions about taking a stake in the industry leader, United Spirits (44% market share), has understandably been well received. We await details of quite what shape this might take. If fully consolidated the potential impact on the shape of Diageo’s key financial metrics outweighs its near term financial impact - United Spirits has close to 120m cases sold (vs Diageo’s 157m), but an EBITA equal to just 4% of Diageo’s EBITA. We continue to rate Diageo and Pernod as Outperform, with 1,900p and EUR100 target prices, respectively. Figure 1: India is the 3rd largest market by volumes 40% 35% 30% 25% 20% 15% 10% 5% 0% China Rus India US S Korea Japan Brazil Thai Phil Germ Source: IWSR 2010 (size by volume) DISCLOSURE APPENDIX CONTAINS ANALYST CERTIFICATIONS AND THE STATUS OF NON-US ANALYSTS. U.S. Disclosure: Credit Suisse does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single factor in making their investment decision. CREDIT SUISSE SECURITIES RESEARCH & ANALYTICS BEYOND INFORMATION™ Client-Driven Solutions, Insights, and Access 27 September 2012 The story in 6 charts.. Figure 2: India is the 3rd largest market by volume…. Figure 3: ….and one of the fastest growing major market 40% 20% 35% 15% 30% 10% 25% 20% 5% 15% 0% 10% -5% 5% 0% -10% China Rus India US S Korea Japan Brazil Thai Phil Germ China India US S Korea Brazil Russia Source: IWSR 2010 (size by volume) Source: IWSR 2005-2010 CAGR (growth by volume) Figure 4: It is principally made up of Whisky rum and Figure 5: The market has been premiumising, 2005-10 brandy, 2005-10 70% 30% 60% 25% 50% 20% 40% 15% 30% 10% 20% 10% 5% 0% 0% Whisky Rum Brandy Vodka Other Value Total Mk Low Price Standard + Source: IWSR, Credit Suisse research Source: IWSR, Credit Suisse estimates Figure 6: USL is the market leader in total spirits, 2010 Figure 7: ….and in whisky, 2010 Other Other John Distillers 14% 29% USL 7% USL 44% 44% John Distillers Jagatjit 5% 9% ABD Jagatjit 11% 6% ABD Pernod Pernod 7% 9% 15% Source: IWSR, Credit Suisse estimates Source: IWSR, Credit Suisse estimates Indian Spirits Market 2 27 September 2012 Diageo DGE.L Price (25 Sep 12): 1,754.00p, Rating: OUTPERFORM, Target Price: 1,900.00p Income statement (£ m) 06/12A 06/13E 06/14E 06/15E Per share data 06/12A 06/13E 06/14E 06/15E Sales revenue 10,762 11,470 12,174 12,938 No. of shares (wtd avg) 2,503 2,472 2,412 2,356 EBITDA 3,572 3,940 4,258 4,586 CS adj. EPS (p) 92.45 103.89 118.35 132.48 Depr. & amort. (411) (438) (465) (494) Prev. EPS (p) — — — — EBIT (CS) 3,161 3,502 3,793 4,092 Dividend (p) 43.50 46.98 50.74 54.80 Net interest exp. (397) (444) (396) (382) Dividend payout ratio 47.05 45.22 42.87 41.36 Associates 213 245 269 296 Free cash flow per share 59.65 90.21 109.19 122.26 Other adj, — — — — PBT (CS) 2,977 3,303 3,667 4,007 Key ratios and 06/12A 06/13E 06/14E 06/15E Income taxes (1,038) (595) (660) (721) valuation Profit after tax 1,939 2,708 3,007 3,285 Growth(%) Minorities (130) (140) (152) (164) Sales 8.3 6.6 6.1 6.3 Preferred dividends — — — — EBIT 9.6 10.8 8.3 7.9 Associates & other 505 — — — Net profit 11.1 11.0 11.2 9.3 Net profit (CS) 2,314 2,568 2,855 3,122 EPS 11.0 12.4 13.9 11.9 Other NPAT adjustments (409) — — — Margins (%) Reported net income 1,905 2,568 2,855 3,122 EBITDA margin 33.2 34.4 35.0 35.4 EBIT margin 29.4 30.5 31.2 31.6 Cash flow (£) 06/12A 06/13E 06/14E 06/15E Pretax margin 27.7 28.8 30.1 31.0 EBIT 3,161 3,502 3,793 4,092 Net margin 21.5 22.4 23.5 24.1 Net interest (391) (444) (396) (382) Valuation metrics (x) Cash taxes paid (521) (514) (595) (660) EV/sales 4.7 4.4 4.1 3.9 Change in working capital (529) (135) (150) (165) EV/EBITDA 14.2 12.9 11.8 10.9 Other cash & non-cash items 218 376 562 613 EV/EBIT 16.0 14.5 13.3 12.3 Cash flow from operations 1,938 2,785 3,215 3,498 P/E 19.0 16.9 14.8 13.2 CAPEX (445) (555) (581) (618) P/B 6.4 5.9 5.2 4.6 Free cash flow to the firm 1,493 2,230 2,634 2,881 Asset turnover 0.48 0.50 0.51 0.52 Acquisitions (1,420) — — — ROE analysis (%) Divestments 51 — — — ROE stated-return on 29.8 36.3 37.0 36.6 Other investment/(outflows) — — — — ROIC 14.6 19.2 20.1 20.9 Cash flow from investments (1,814) (555) (581) (618) Interest burden 0.94 0.94 0.97 0.98 Net share issue/(repurchase) 1 (1,150) (1,150) (1,250) Tax rate 33.7 18.0 18.0 18.0 Dividends paid (1,036) (1,172) (1,250) (1,318) Financial leverage 1.3 1.2 1.1 1.0 Issuance (retirement) of debt — — — — Credit ratios (%) Other (4) — — — Net debt/equity 110.9 104.2 91.5 79.1 Cash flow from financing (1,039) (2,322) (2,400) (2,568) Net debt/EBITDA 2.1 1.9 1.7 1.5 Effect of exchange rates (27) — — — Interest coverage ratio 8.0 7.9 9.6 10.7 Changes in Net Cash/Debt (942) (92) 234 313 . Net debt at start 6,611 7,553 7,645 7,411 Source: FTI, Company data, Thomson Reuters, Credit Suisse Securities Change in net debt 942 92 (234) (313) (EUROPE) LTD. Estimates. Net debt at end 7,553 7,645 7,411 7,098 Balance sheet (£ m) 06/12A 06/13E 06/14E 06/15E Assets Cash and cash equivalents 1,076 984 1,218 1,531 1694 Accounts receivable 2,103 2,241 2,379 2,528 Inventory 3,955 4,215 4,474 4,754 1494 Other current assets 119 119 119 119 Total current assets 7,253 7,559 8,190 8,933 1294 Total fixed assets 2,972 3,089 3,205 3,329 1094 Intangible assets and goodwill 8,821 8,821 8,821 8,821 Oct-10 Feb-11 Jun-11 Oct-11 Feb-12 Jun-12 Investment securities — — — — Other assets 3,304 3,524 3,766 4,032 Price Price relative Total assets 22,350 22,993 23,982 25,114 Liabilities The price relative chart measures performance against the FTSE ALL SHARE Accounts payable 2,997 3,194 3,390 3,603 INDEX which closed at 3022.74 on 25/09/12 Short-term debt 1,230 1,230 1,230 1,230 On 25/09/12 the spot exchange rate was £.8/Eu 1. - Eu .78/US$1 Other short term liabilities 557 619 684 752 Total current liabilities 4,784 5,043 5,304 5,585 Long-term debt 7,399 7,399 7,399 7,399 Other liabilities 3,356 3,214 3,183 3,153 Total liabilities 15,539 15,655 15,886 16,136 Shareholders' equity 6,811 7,338 8,096 8,978 Minority interest — — — — Total equity & liabilities 22,350 22,993 23,982 25,114 Net debt (£ m) 7,553 7,645 7,411 7,098 Indian Spirits Market 3 27 September 2012 Pernod-Ricard PERP.PA Price (25 Sep 12): Eu88.45, Rating: OUTPERFORM, Target Price: Eu100.00 Income statement (Eu m) 06/12A 06/13E 06/14E 06/15E Per share data 06/12A 06/13E 06/14E 06/15E Sales revenue 8,215 9,035 9,682 10,391 No.
Load more

Recommended publications
  • Iowa Spirits Price Book
    Iowa Spirits Price Book 2021 April Administrator Stephen Larson 1918 SE Hulsizer Road Ankeny, IA 50021 Shop.IowaABD.com ABD.Iowa.gov Price Booklet Proof. Size Pack Size Btl. Prices Case Price. UPC # Blended Whiskies Bird Dog Blackberry 27474 80 750 6 $15.00 $90.00 812459010222 27741 80 1750 6 $26.00 $156.00 089540122717 Bird Dog Maple 27417 80 750 6 $15.00 $90.00 812459011731 Bird Dog Strawberry 27920 80 750 6 $15.00 $90.00 812459013865 Bird Dog Strawberry Mini 27913 80 50 5 $8.70 $43.50 812459013902 Cedar Ridge Wheat Whiskey 27464 80 750 6 $28.01 $168.06 859824001515 Five Star 23823 80 200 48 $1.97 $94.56 084848220509 23824 80 375 24 $3.14 $75.36 084848220905 23826 80 750 12 $5.25 $63.00 084848220301 23827 80 1000 12 $6.60 $79.20 084848220202 23828 80 1750 6 $11.43 $68.58 084848220103 Five Star PET 23626 80 750 12 $5.25 $63.00 084848220400 Iowish Whiskey 27289 40 750 6 $28.76 $172.56 855037005111 Jim Beam Apple 27782 65 375 24 $8.25 $198.00 080686006572 Jim Beam Honey 27723 65 100 48 $1.88 $90.24 080686006510 Jim Beam Kentucky Fire 27682 65 750 12 $15.75 $189.00 080686006381 Jim Beam Kentucky Fire Mini 27680 65 50 12 $8.10 $97.20 080686006367 Kessler Blend Whiskey 24453 80 200 48 $2.75 $132.00 080686042709 24454 80 375 24 $4.73 $113.52 080686042600 24456 80 750 12 $8.27 $99.24 080686042402 24457 80 1000 12 $10.76 $129.12 080686042204 24458 80 1750 6 $16.50 $99.00 080686042129 Kessler Blend Whiskey Mini 24451 80 50 12 $8.10 $97.20 080686042921 Mccormick Blend Whiskey 24706 80 750 12 $6.14 $73.68 085592104343 Mccormick Blend Whiskey PET 24728 80 1750 6 $12.30 $73.80 085592104312 Monkey Shoulder 5844 86 1750 6 $52.50 $315.00 083664874224 Prairie Fire 27629 70 750 12 $13.64 $163.68 854781004036 Red Stag Black Cherry 27544 65 750 12 $15.75 $189.00 080686001027 Seagrams 7 Crown PET Flask 25616 80 750 12 $11.25 $135.00 087000003385 Sunny Brook Blend Whiskey 25877 80 1000 12 $7.50 $90.00 080686479208 25878 80 1750 6 $12.00 $72.00 080686479109 Page 1 of 75 Price Booklet Proof.
    [Show full text]
  • Guinness Nigeria Plc. 2020 Final Rating Report
    Guinness Nigeria Plc. 2020 Final Rating Report 2020 Corporate Rating Report Guinness Nigeria Plc Issuer Rating This is a company with good financial condition and strong capacity to repay A- obligations on a timely basis. Outlook: Stable Issue Date: 26 April 2020 RATING RATIONALE Expiry Date: 31 December 2020 . Guinness Nigeria Plc (‘Guinness Nigeria’, ‘GNPLC’ or ‘the Company’) is a Previous Rating: A- (expired member of the Diageo Group (‘Diageo’ or the ‘Group’) – one of the world’s December 2016) leading manufacturers of spirits, beers and wines. Diageo operates in over 180 countries and has over 200 brands across both alcoholic and non-alcoholic Industry: Brewery beverage categories. The Group is the largest international premium spirit producer in the world by revenue and continues to benefit from its global distribution networks and partnerships. Diageo has a strong market position Outline Page across multiple product categories, underpinned by its wide product portfolio Rationale 1 1 Company Profile 4 and marketing innovation. As at 31 December 2019 , the Group’s total assets Financial Condition 7 stood at £31.7 billion ($39.4 billion), while net revenue of £10.8 billion ($13.4 Ownership, Mgt & Staff 12 billion) was reported in the same period. Diageo Group has investment grade Outlook 14 2 Financial Summary 15 ratings from three international rating agencies, on the back of its improving Rating Definition 19 profitability and strong cash generating capacity. Over the years, Diageo Plc. has provided strong parental support (both Analysts: technical and financial) to Guinness Nigeria. This is demonstrated through the Ojuru Adeniji continued credit lines provided to the Company coupled with the Group taking [email protected] up its rights in the last concluded capital raise which increased its shareholdings Isaac Babatunde to 58.02% from 54.32%.
    [Show full text]
  • UNITED SPIRITS Alcohol Beverage Industry India
    UNITED SPIRITS Alcohol beverage industry India INDIAN ALCHOLBEV INDUSTRY IndianIndian Made IndianIndian Made BeerBeer Wine ForeignForeign LiquorLiquor IndianIndian Liquor (IMFL) (IMIL) IMFL category accounts for almost 72% of the market. Alcohol industry growth rate Spirits Market in India by Volume 5% 5% 5% 4% 4% 4% 3% 4% 4% 4% 15% 15% 15% 14% 14% 14% 13% 20% 19% 17% 22% 22% 21% 21% 19% 16% 17% 18% 22% 22% 59% 59% 60% 59% 59% 60% 60% 61% 61% 64% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Whisky Brandy Rum White Spirits Spirit Market in India by Value 5% 5% 4% 4% 6% 6% 5% 6% 6% 6% 14% 14% 13% 12% 10% 10% 10% 10% 10% 9% 11% 10% 11% 12% 12% 12% 12% 12% 12% 11% 70% 69% 71% 72% 72% 73% 73% 73% 74% 75% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Whisky Brandy Rum White Spirits Source: Equrius Report Major players in the industry Major Companies in the Indian Liquor Market Source: Equrius Report Top liquor brands in India Source: Equrius Report United Spirits – Diageo India World’s second largest liquor company by Volume. Subsidiary of Diageo PLC. One of the leading players of IMFL in India with a strong bouquet of brands like Mcdowell’s, Signature, Royal Challenge etc. In 2013, Diageo PLC acquired 10% stake in the company and gradually ramped up its share to 55% by the end of 2014. The main inflexion point came in 2015, after the whole company came under the control of Diageo PLC.
    [Show full text]
  • Ilq Nov 10.Pdf
    INTRODUCING THE NEW LOOK OF DEWAR’S® SAME GREAT SCOTCH. BRAND-NEW LOOK. The new portfolio look of DEWAR’S® Blended Scotch Whiskies features the same award-winning Scotch with an authentically modern style that embodies the design, artistry and craftsmanship that’s made DEWAR’S the # 1 selling premium Scotch in the U.S.* From the added wave inspired by the rounded liquid to the gold icons representing the brand’s many awards, the new DEWAR’S packaging is so extraordinary, it deserves to be shot by world-renowned photographer Danny Clinch. Discover more at dewars.com. *Adam’s Liquor Handbook 2009 ENJOY RESPONSIBLY. ©2010 DEWAR’S AND WHITE LABEL ARE TRADEMARKS. IMPORTED BY JOHN DEWAR & SONS COMPANY, CORAL GABLES, FL. BLENDED SCOTCH WHISKIES – EACH 40% ALC. BY VOL. THE OFFICIALOFFICIAL PRICELIST OF THE IOWA ALCOHOLIC BEVERAGES DIVISION NOVEMBER 2010 IowaABD.com PUBLISHED BY DavisDenny Get Involved 2545 Highland Avenue, Suite 102 Birmingham, AL 35205 E-mail: [email protected] “Tell me and I’ll forget; show me and I may remember; involve me and I’ll understand.” CREATIVE DIRECTOR Pilar Taylor – Chinese Proverb CONTRIBUTING WRITERS Luke Anthony It’s hard to believe it’s been six months since beginning my tenure at the Iowa Norma Butterworth-McKittrick Alcoholic Beverages Division. I’ve learned so much and made many changes. I am most IABD CONTRIBUTIONS excited about moving on from the planning stage to rolling up my sleeves and taking action Tonya Dusold on many opportunities, especially in the areas of education and outreach. ADVERTISING & The Division has a new focus on education and I am pleased to announce that Shannon PRODUCTION MANAGER Margriet Linthout Hagge will be leading this new program as the Education and Outreach Coordinator.
    [Show full text]
  • Liquor: Policy Changes Vital
    Market Survey BY: DR I. SATYA SUNDARAM LIQUOR: POliCY CHANGES VITAL Experts say uniform tariffs on imports from all neighbouring countries will be quite simple and easy to administer. If need be, sensitive items can be allowed at higher duty. ndia’s country liquor (or ar- wines are growing annually at the cases the previous year. Currently, rack) industry is known for rate of 30 per cent. Liquor consump- the Indian wine market is estimated chaotic business, and esti- tion in India increased by 106.67 per at one million cases per year and is mated at Rs 220 billion, with cent between 1960-72 and 1994-96. expected to grow at 20 per cent an- annual volume sales of over Wine consumption recorded a 14 nually. By 2012, the figure is expect- I200 million cases. Of course, the In- per cent growth in 2003-04 to reach ed to touch five million cases. dia-made foreign liquor (IMFL) sales 490,000 litre cases against 430,000 The total liquor industry is worth are pegged at around Rs 20 billion. IMFL 150 million cases, and accounts for only a growing at 8 to 10 per third of the total liq- cent annually. uor consumption in Manufacturers of India. Most IMFLs are country liquor will cheap and priced be- soon have to adhere low Rs 200 per bottle. to common standards Whisky accounts for almost similar to that 60 per cent of the liq- of branded spirits. uor sales, while rum, The Bureau of Indian brandy and vodka ac- Standards (BIS) may count for 17 per cent, prescribe fresh manu- 18 per cent and 6 per facturing norms for cent, respectively.
    [Show full text]
  • Pernod Ricard Sales and Results H1 FY21
    11 February 2021 • • • • • • • • • • • • • • • • • • • • • • • • • • ▪ ▪ ▪ ▪ • • • • • • • • • • • • Launch of Secret Speyside Single Malt Collection Martell Noblige Revamp Campaign “Dare to be the Martell Gourmet Theater 2020 editions The Glenlivet Media “Original Stand Out Swift” successfully launched in December by tradition” campaign with new communication assets • • • • • • Royal Stag new campaign “Make it Large!” featuring leading global New limited edition packs for 100 Pipers Imperial Blue latest edition of its widely popular ‘Men Will Be icons from across fields, ethnicities, nationalities & geographies Legacy Project Men’ campaign featuring Karan Wahi • • • • Jameson Tastehouse Dublin Martell boutique, Hainan, China • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • L’Atelier Martell opened groundbreaking new store in Martell offering all-new content online partnership with Angel Chen, well-known Chinese central Shenzhen, China, its first store outside France. famous chefs. Martell has rolled out concept in Malaysia designer, revisited Martell Noblige – New limited edition for festive season • • • • • • Jameson Nigeria ran a #JamesonBeardDay Content & eCRM Jameson Limited Edition bottle for exclusive sale in Japan, 'Sliders TVC' is rolled out across many of Jameson's campaign, in celebration of World Beard Day, showcasing stories designed in collaboration with founder and designer of popular European markets- Slovakia, Sweden, Romania etc. from the Bearded Brothers. Japanese apparel brand ‘PUNK DRUNKERS’ • • • • • • • • • Absolut launched a new campaign ‘It’s in Our spirit’, Absolut collaborated with Korean artist Xeva Absolut has launched the #VoteResponsibly campaign to highlighting the desire to come together and be more inclusive to create a giant eco graffiti in the heart of remind people to vote for the US elections and Pernod Ricard both on and offline. Seoul. USA has closed its offices to enable employees to go to vote.
    [Show full text]
  • Before Johnny Walker Black Label and Chivas Regal Took the Indian
    Before Johnny Walker Black Label and Chivas Regal took the Indian whisky market by storm there was a malt whisky being produced in India for quite some time, since 1855 in fact! Also this distillery is situated in the foothills of the Himalayas!! The brewing, distillation and maturation processes followed at the distillery are very similar to that of Scotch whisky. Yes I am referring to Mohan “Meakin’s Solan No 1”. The distillery is situated in Kasauli, a small town in Solan district in the state of Himachal Pradesh. So if you are one of those who believe that water plays a major role in the outcome of the distilled spirit then this location has perhaps some of the best streams of fresh water in the world. Pic. (1)Location of Solan district, 65 Kms from Chandigarh Now we are not talking about one of the multiple dubious whiskies produced in India, this one is a “legitimate” whisky even by Scottish standards! In fact this was considered the “only whisky” produced in India for a very long time, as this is a “Malt” whisky produced from barley unlike most other whiskies produced in India which use molasses. This distillery is well known for the “OLD MONK” rum, which most readers from the subcontinent will be familiar with. Till recently I had a misconception that it was a single malt whisky, which is what Wikipedia also states (have submitted a correction) but a little more research/ observation has shown me that this is a blended malt whisky. Pic. (2)Solan No 1 Bottle So why am I drinking this and writing about it? And most importantly what has Bangalore got to do with this?? Solan number 1 was one of the most popular whisky back in the 80’s and largely supplied its products to the defense services of India.
    [Show full text]
  • 5075260319.Pdf
    ROBUSTAssociated Alcohols & Breweries Limited Annual Report 2018-19 4 Corporate Snapshot 6 Milestones 4Corporate Snapshot 6Milestones 8 The Whole Time Director’s Letter to Shareholders 14 Our robust business model 22 How AABL is enhancing value for its stakeholders 24 Our performance in 2018-19 26 Our value-enhancing resources 28 Value that we shared with various stakehoders 30 Management Discussion and Analysis 8The Whole Time Director’s 30Management Discussion 37 CSR Activity Letter to Shareholders and Analysis 38 Notice 46 Directors Report 64 Corporate Governance Report 77 Financial Statements 46Directors Report 64Corporate Governance Report Forward-looking statement In this Annual Report we have disclosed forward-look- ing information to enable investors to comprehend our prospects and take informed investment decisions. This report and other statements - written and oral - that we periodically make contain forward-looking statements that set out anticipated results based on the management’s plans and assumptions. We have tried wherever possible to identify such state- ments by using words such as ‘anticipates’, ‘estimates’, ‘expects’, ‘projects’, ‘intends’, ‘plans’, ‘believes’, and words of similar substance in connection with any dis- cussion of future performance. We cannot guarantee that these forward looking statements will be realized, although we believe we have been prudent in assump- tions. The achievement of results is subject to risks, un- certainties and even inaccurate assumptions. Should known or unknown risks or uncertainties materialise, or should underlying assumptions prove inaccurate, actu- al results could vary materially from those anticipated, estimated or projected. Readers should bear this in mind. We undertake no ob- ligation to publicly update any forward-looking state- ments, whether as a result of new information, future 77Financial Statements events or otherwise.
    [Show full text]
  • Vermont 802Spirits Current Complete Price List September 2021 1 of 24
    Vermont 802Spirits Current Complete Price List September 2021 VT REG NH VT Sale Price Code Brand Size Price Price Price Save Proof Status per OZ Brandy Brandy Domestic 056308 Allen's Coffee Brandy 1.75L 19.99 15.99 17.99 2.00 70 High Volume 0.30 056306 Allen's Coffee Brandy 750ML 9.99 7.99 60 High Volume 0.39 056310 Allen's Cold Brew Coffee Brandy 750ML 14.99 60 New 0.59 052374 Coronet VSQ Brandy 375ML 4.99 80 High Volume 0.39 052584 E & J Superior Res. VSOP 1.75L 25.99 23.99 80 High Volume 0.44 052581 E & J Superior Res. VSOP 375ML 5.99 5.49 80 High Volume 0.47 052582 E & J Superior Res. VSOP 750ML 14.99 12.99 12.99 2.00 80 High Volume 0.51 052598 E & J VS Brandy 1.75L 24.99 21.99 22.99 2.00 80 High Volume 0.39 052596 E & J VS Brandy 750ML 12.99 11.99 80 High Volume 0.51 052563 E & J XO Brandy 750ML 16.99 15.99 80 High Volume 0.67 073864 E&J Spiced Brandy 750ML 9.99 60 New 0.39 053536 Laird's Applejack 750ML 17.99 15.99 80 High Volume 0.71 054916 Leroux Jezynowka Blackberry Brandy 750ML 11.99 8.99 70 Medium Volume 0.47 900488 Mad Apple Brandy 750ML 46.99 84 Medium Volume 1.85 054438 Mr. Boston Apricot Brandy 1.75L 17.99 13.99 70 High Volume 0.30 054436 Mr.
    [Show full text]
  • Signature Cocktails
    Signature Cocktails Lavender Gin Fizz $18 Builder’s Botanical Gin, St. Germain Elderflower Liqueur Lavender Syrup, Fresh Lemon Juice, Perrier, Twist of Lemon Barrel-Aged Perfect Manhattan $23 Rossville Union Barrel Proof Rye, Antica Sweet Vermouth Carpano Dry Vermouth, Angostura Bitters Luxardo Cherry, Craft Ice Cube, Batch #8, Aged 46 Days Osage Smash $16 Buffalo Trace Bourbon, Fresh Lemon Juice Orgeat Syrup, Blackberries BCL Old Fashioned $23 Jefferson’s Ocean Aged at Sea Voyage 22, Pure Cane Sugar Blend of Bitters, Luxardo Cherry Tatanka $17 Zubrowka Bison Grass Vodka, Organic Unfiltered Apple Juice Honey Syrup, Fresh Lemon Juice, Big Cedar Amber Lager Table Rock Sunset $15 Tito’s Handmade Vodka, Grapefruit Juice, Lemonade, Grenadine Cannonball $15 Jim Beam Black Bourbon, Amaretto, Pineapple Juice Bottle Beer Budweiser, Coors Light, Miller Lite, O’Doul’s - $6.50 Blue Moon, Boulevard Tank 7, Corona Stella Artois - $7.50 Draft Beer Big Cedar Amber Lager, Bud Light, Michelob Ultra - $6.50 Public House Elusive IPA, Public House Giddy Goat Coffee Milk Stout Public House Revelation Stout, White River Brewing Co. Table Rock Red Ale - $7.50 Spirits, Liquors & Special Offerings Gin Beefeater · Bombay Sapphire · Builders Barrel Finished · Builder’s Botanical Hendricks · Ozark Mountain Daredevil’s · Tanqueray · Tanqueray 10 Vodka Absolut · Absolut Citron · Belvedere · Grey Goose · Ketel One · Tito’s Tequila & Mezcal Jose Cuervo Gold · Maestro Dobel Diamante Reposado · Milagro Reposado Montelobos Mezcal · Patron Silver Rum Bacardi Silver · Captain
    [Show full text]
  • Diageo Luxury Brands Again Star at the Bar on Oscar® Night
    Diageo Luxury Brands Again Star at the Bar on Oscar® Night Sterling Vineyards®, Johnnie Walker®, Haig Club™, Mortlach™, Talisker™ and Ketel One® Offer Ultra-premium Beverage Experience At the 87th Oscars® Hollywood, CA (February 4, 2015) – Diageo is proud to announce that it will once again feature top luxury brands including Sterling Vineyards® wines, Johnnie Walker®, Haig Club™ Mortlach™ and Talisker™ Scotch whiskies, and Ketel One® vodka at this year’s Academy of Motion Picture Arts and Sciences’ Governors Ball. The Governors Ball is the official party following the 87th Oscars® that will take place on Sunday, February 22, 2015. This marks Sterling Vineyards’ 9th appearance at the iconic event and, for the second consecutive year, Sterling will be joined at the bar by a selection of Diageo’s world class spirits showcased in specialty cocktails. The evening’s pre-show reception will also feature wines from Sterling Vineyards and a selection of Diageo spirits for guests to enjoy responsibly. “We are thrilled that our Sterling wines and a portfolio of luxury spirits will again be served at the world’s most spectacular party, “said Peter McDonough, Chief Marketing Officer for Diageo. “This is a tremendous honor and affords us the opportunity to pour our finest offerings as we celebrate the best and brightest in film.” One of the most iconic and celebrated wineries in Napa Valley, Sterling Vineyards®’ winemakers have created two custom made wines to be exclusively poured for the evening, 2013 Sterling Vineyards Limited Edition Gold Standard Reserve White and 2012 Sterling Vineyards Limited Edition Red Carpet Reserve Red.
    [Show full text]
  • The Ranking of the World's Million-Case Spirits Brands 2019
    THE RANKING OF THE WORLD’S MILLION-CASE SPIRITS BRANDS 2019 001 Cover DI MILLIONAIRES 2019 FINAL.indd 1 04/06/2019 14:58 The millionaires’ JUNE 2019 DRINKSINT.COM 3 COMMENT The volume game Regardless of Trump’s tariff wars, Brexit and other socio-economic issues, the spirits industry is thriving. And once again The Millionaires’ Club bears witness to the movements of million-case spirits brands all over the globe. Ninety-two of the 153 millionaire brands listed in the 2019 supplement demonstrate an increase in volumes, so the industry shows no signs of slowing down. The biggest volume players are always from Asia due to the huge populations and brand loyalty in major markets, with soju’s Jinro now boasting 87m cases. But it’s also been fascinating to see Diageo’s Indian brandy Men’s Club virtually double in growth despite it showing decline over the previous four years. Looking at Europe, Martell has had a great year. A huge 18% growth shows how cognac is returning to its former glory in terms of international sales and the same can almost be said for vodka in the US as it appears the market is no longer in free-fall, with many of the big players returning to growth. It’s possible that volume sales will dwindle in importance as future generations of consumers continue to drink less but better – quality over quantity. The assets may shrink and the players may change, but this game of volumes isn’t going to end any time soon. Shay Waterworth SUPPLEMENT EDITOR ISTOCK.COM/ GM STOCK FILMS GM STOCK ISTOCK.COM/ contents THE SPIRITS MARKET 4
    [Show full text]