Report: Luxury Spirits Lag, Holiday Spending May Dip
As we approach the holiday season, consumers may be pulling back on their alcohol spending.
Ferron Salniker
Spirits Editor
Ferron Salniker is the Spirits Editor, guiding our coverage of the spirits and RTD cocktail space. She reports for BevNET.com and Brewbound.com on everything from new subcategories in established liquor types to the growth of the craft spirits business.
Posts by Ferron Salniker
Report: Consumers Pay +73% For Celeb Spirits at Bars & Restaurants
Celebrity spirits are growing sales on-premise— and at a premium. Consumers are paying 73% more per drink for a celeb-backed spirit at bars and restaurants, according to Union’s OnPrem Insights which gathers data from over 1,000 high volume accounts using the POS platform.
Data: FMBs Lead at C-Store, Other RTDs Face Big Opportunity
Convenience stores represent the next big opportunity for ready-to-drink cocktails, according to a new report from NIQ.
Pernod Ricard: Declines in U.S., China Bring Down Q1 2024 Sales
As predicted during its last earnings call in August, Pernod Ricard reported a -2% decline in organic sales in the first quarter of FY 2024, with dips in the U.S. and China bringing down overall performance.
Data: BevAlc Sales Up Due To Easing Volume Declines
Total BevAlc sales growth accelerated with volume performance improved across beer, spirits, flavored malt beverage and hard seltzer, while decelerating on a sequential basis in wine and cider categories during the two-week period ending October 7, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Sweet Surprise: This Moonshine Shake is Scaling for Unexpected Demand
Thanks to the work of a modern wave of trailblazing distilleries, moonshine has come a long way since the days when the homemade liquor was distilled in secret. Turning it into a decadent sweet boozy treat hasn’t hurt things, either.
Taking on Tito’s: Splash Bev. Group President on New and Future Acquisitions
Not many companies are challenging the country’s top-selling spirit brand, but Splash Beverage Group is aiming to do just that with its most recent acquisition.
New Flavors and Digital-First: How a Pernod Ricard Exec Aims to Disrupt Cognac
After over a century of producing Cognac for major players, one family is hoping to revive the category with their own fresh take on the storied French brandy.
The “Topo Chico Effect”: Following The Pathfinder’s Non-Alc Push Into Neighborhoods and Bars
With no- and low- alcohol now a $11 billion business and new brands jumping into the zero-proof movement, what’s the playbook to make a splash?
How Brands Are Addressing Non-Alc’s Biggest Barriers
Despite non-alc’s momentum, only 26% of the U.S. consumers moderating their alcohol, say they are drinking no-alcohol alternatives to their favorite full-strength drinks, citing barriers around taste and lack of availability, according to a recent report from bev-alc data firm IWSR.
InvestBev Backs Celeb-Branded Thomas Ashbourne RTDs
Spirits-focused private equity firm InvestBev has backed Thomas Ashbourne Craft Spirits, the ready-to-drink brand crafted with the help of celebrities like Sarah Jessica Parker. Terms of the deal were not disclosed.
Distribution: Lawyers Weigh In On Contract Essentials, Red Flags
As a BevAlc business expands, how does an entrepreneur determine if a distributor relationship will be beneficial? That was the question poised during the Sovos Beverage Alcohol Summit last week, hosted by the beverage alcohol compliance shipment software company.
“A Spirits-Dominant Business:” 4 Questions With Total Wine CEO Troy Rice
Since launching in 1991, Total Wine & More has grown to over 250 stores in 28 states and $5.5 billion in revenue. But within a changing beverage alcohol market, the spirits, beer and wine retailer has also emerged as a retail platform for disruptive spirits categories and products, as well as a new class of RTDs.
Spirits Slowdown: Why Analysts Are Watching Tequila Downtrading, Home Consumption
As moderate and declining spirit trends in the U.S. continue in 2023, what are some of the factors of the slowdown and what does that mean for the evolution of certain categories and major portfolios?