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	<title>Wine Brands Blog &#187; Fortune brands</title>
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		<title>Are the US switching trends?</title>
		<link>http://www.winebrandsblog.com/2008/07/are-the-us-switching-trends/</link>
		<comments>http://www.winebrandsblog.com/2008/07/are-the-us-switching-trends/#comments</comments>
		<pubDate>Tue, 29 Jul 2008 15:29:00 +0000</pubDate>
		<dc:creator>Evelyne Resnick</dc:creator>
				<category><![CDATA[Fortune brands]]></category>
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		<description><![CDATA[Until a few years ago, Americans were still considered soft-drink, beer and hard liquor drinkers, thanks to a long tradition of brewing and homemade liquors. The latest figures available from the American wine industry seem to indicate a drastic change in this pattern: - Fortune Brands, maker of Jim Beam and Canadian Club, suffered a [...]]]></description>
				<content:encoded><![CDATA[<p></p><p>Until a few years ago, Americans were still considered soft-drink, beer and hard liquor drinkers, thanks to a long tradition of brewing and homemade liquors.  The latest figures available from the American wine industry  seem to indicate a drastic change in this pattern:</p>
<p>- <a href="http://www.fortunebrands.com/">Fortune Brands</a>, maker of <a href="http://www.jimbeam.com/Legal/Legal.aspx?returnURL=http%3a%2f%2fwww.jimbeam.com%2fdefault.aspx">Jim Beam</a> and <a href="http://www.canadianclubwhisky.com/">Canadian Club</a>, suffered a 41 percent tumble in its profits. Is it because they sold their very profitable wine division a few months ago and missed on the new trend?<br />- <a href="http://www.ustinc.com/">UST</a>,  maker of Skoal and Copenhagen, saw the profit of its <a href="http://www.ustinc.com/wine/">wine division</a>, owner of premium labels <a href="http://www.cask23.com/index-flash.htm">Stag&#8217;s Leap</a> and <a href="http://www.conncreek.com/">Conn Creek</a>, increase by 25%.<br />- <a href="http://www.cbrands.com/CBI/constellationbrands/homepage/default.jsp">Constellation Brands</a>, the world&#8217;s biggest wine company by volume, saw its first-quarter profit jump by 50 percent, aided by its high-margin labels <a href="http://closdubois.com/">Clos du Bois</a> and <a href="http://www.wildhorsewinery.com/">Wild Horse</a>.<br />- <a href="http://brown-forman.com/">Brown-Forman</a> saw its sales of wines, including <a href="http://www.fetzer.com/fetzer/index.aspx">Fetzer</a> and <a href="http://www.bolla.com/">Bolla</a> labels, rise 1.3%.</p>
<p>Does it mean wine is not the elit&#8217;s drink as in a few years ago?  Are Americans becoming more comfortable about buying wine? This is a very reassuring trend for the American wine industry.</p>
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