Market Watch, January 2020
mwIn this issues cover story we profile a company thats seen quite a few twists and turns in its nearly 35 years in business New York City based Skurnik Wines Spirits was launched in 1987 and today has 750 supplier partners The company moves 800000 cases annually and revenue reached 145 million last year with nearly 90 in wine and the remainder in spirits Skurniks story truly embodies the transformation of wines role in America over the decades Elsewhere in this issue we take a look at the thorny issue of retailer interstate shipping in our profile of Indiana retailer Cap n Cork The company has been on a mission to loosen direct shipping laws as it aims to sell its products in neighboring states Michigan and Illinois Its part of a legal battle with long term implications made more complicated by the fact that Cap n Corks home state has its own strict residency rules similar to those struck down by the U S Supreme Court last year It isnt entirely clear how the issue of retailer shipping will shake out but it seems likely that 2020 will bring new court decisions of major significance As we await the outcome of that process there are plenty of trends to cover In spirits we look at American brandy a category long left in the dust as the rest of the spirits business premiumized over the years But brandy is currently in the midst of a revival ignited by new craft styles and now the bigger brands are catching the bug Long consigned to the bottom shelf brandy seeing its star rise considerably and one gets the feeling that the category is just getting started In wine our feature on Paso Robles delves into the once obscure California region and its ongoing rise to prominence The mainstay in Paso is Cabernet Sauvignon and its achieving quality levels that more than hold their own against higher priced California competitors Enjoy the issue Marvin R ShankenEDITORIALKeeping Success In The FamilyJANUARY FEBRUARY 2020 MARKETWATCHMAG COM MARKET WATCH 7MW0120_
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