Betting On Texas Spirits, Patrón Founder Acquires Waterloo Gin
Billionaire spirits empresario John Paul DeJoria is expanding his portfolio announcing today the purchase of Waterloo Gin for an undisclosed sum.
Billionaire spirits empresario John Paul DeJoria is expanding his portfolio announcing today the purchase of Waterloo Gin for an undisclosed sum.
With the election looming, is it too much of a surprise that Washington, D.C. has overtaken Nevada as the number one U.S. location for cocktail consumption? That’s according to new data from NIQ-owned on-premise data firm CGA.
The latest data set from NIQ showed a modest improvement in sales declines for total BevAlc in the two-week period before September 7, which included a tepid labor day weekend, according to analysis from Goldman Sachs Equity Research.
In 2023, U.S. craft spirits faced the first dip in sales, volume and share in recent history according to data from the 2024 Craft Spirits Data Project, released today by the American Craft Spirits Association (ACSA) and Park Street.
The Coca-Cola Company is expanding its reach in bev-alc with another ready-to-drink canned cocktail (RTD).
Across oversaturated retail shelves, bev-alc brands are under pressure to stand out.
We talked with Meghan Ireland, WhistlePig’s chief blender, about how the company culture fosters experimentation, where she finds inspiration, and even what opportunities Dry January brings. Answers have been lightly edited for clarity and length.
Bev-Alc marketplace Flaviar has acquired industry fulfillment service provider, Speakeasy Co., bolstering its B2B capabilities as it aims to become a multi-billion-dollar global bev-alc e-commerce player. Terms of the cash and stock deal were not disclosed.
Spirits-based ready-to-drink (RTD) products will face a challenge to maintain double-digit growth rates in 2025, including a decluttering of items at retail in order for the segment to remain healthy, according to Bump Williams Consulting’s (BWC) monthly report.
We chatted with the founder of Amante 1530 about how she’s applying a profit-over-growth mindset to bev-alc, where she sees opportunity for more aperitif amaro players, and why her celebrity investor takes a backseat in the company’s branding (hint: there’s a “message in a bottle”).
Despite reporting single-digit quarterly sales declines during separate earnings calls today, both Brown-Forman and Pernod Ricard remained optimistic about their abilities to return to growth in 2025.
Ready-to-drink products have built their brands around different cocktails: some are sessionable seltzers or old classics, others are obscure cocktails that haven’t yet hit mainstream. But Gin & Juice By Dre and Snoop, so far, is the only one that has emerged from a 90s rap anthem.
Ready-to-drink (RTD) products surpassed $13 billion in off-premise sales in the 52-week period ending July 13, up +4% year-over-year (YoY), according to a mid-year report from market research firm NIQ.
Our latest distribution roundup finds Green River going after bartenders in new markets and Alpine Distilling chasing Tennessee's culinary scene, while Howie’s Spiked Alc-A-Chino signs a deal with Live Nation. Plus, news from Good Days and Costa Tequila.