Pernod Ricard Invests in Low Waste, Low Carbon Distribution Technology
Pernod Ricard has acquired a minority stake in ecoSpirits, a technology startup focusing on low carbon, low waste distribution systems for wine and spirits.
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
CoreBev to Acquire Distillery, Launches Rum and Non-Alc RTD
It’s been a busy Spring for Connecticut-based spirits company the CoreBev Group. The startup is gearing up for two launches next month including a Greek rum and a non-alcoholic ready-to-drink cocktail— in addition to buying its own distillery.
Whiskey Giant MGP Acquires Penelope Bourbon for $105M, Builds In-House Brand Portfolio
Luxco, Inc., a subsidiary of Indiana-based whiskey giant MGP Ingredients, has acquired Penelope Bourbon for $105 million upfront, the company announced Monday. The deal also includes a maximum potential payout of $110.8 million by the end of 2025 if “certain performance targets” are achieved.
Three Trends To Watch From Circana’s State of Beverage Alcohol Report
Circana’s annual State of Beverage Alcohol Industry Report surveys the top trends in beverage alcohol, but what are the market opportunities hidden within that data?
Marketing: Espolón, Don Julio, Teremana Gear Up for Cinco; Kicks from 21 Seeds; Belvedere Taps Pro Ballers and Skateboarders
Footwear company Birdies and infused tequila 21 Seeds have teamed up to launch a “Top Shelf” sneaker collection, inspired by “empowered women who call the shots.”
Sazerac CEO Mark Brown to Step Down, Replacement Named
CEO of Sazerac Mark Brown plans to leave his role next month, according to reporting by Louisville Business First. The move is part of “a long-signaled and eight-year succession plan,” that will see Brown move to the role of executive chairman.
Six Questions with Maxwell Britten, Co-Author of Trap Kitchen: The Art of Street Cocktails
From his role as former bar director at James Beard Award-winning Maison Premiere, to chief brand officer at The Liquor Cabinet, Maxwell Britten has spent over 15 years as a…
Aperitifs and Tequila Boosts Q1 Earnings for Campari Group
Italian spirits group Campari reported 19.6% organic growth in its first quarter, and expects growth — fueled by aperitifs and tequilas— to hold up in the U.S., the company reported during its Q1 earnings presentation yesterday.
Del Maguey Mezcal Recalls Its Signature Swag
Leading mezcal brand, Del Maguey, has issued a recall for its promotional ceramicware cups called 'copitas' because they may exceed FDA guidance levels for leachable lead, the company announced Monday.
Ocean Spray and Absolut to Launch Vodka-Cranberry RTD
From the land of Cran-Grape comes… Cran-Vodka? Absolut and Ocean Spray are teaming up to launch Vodka-Cranberry Range, a ready-to-drink (RTD) line coming early 2024, a press release announced today.
We’re in the Celebrity Spirit Golden Age, Who’s Behind It?
The list of celebrity-backed spirits is getting longer. Often behind the big names are a suite of new innovation houses that are quietly fueling the recent rush of celebrity spirits.
Rock Star: Teremana Tequila Hits One Million Cases Sold in a Year
Box office megastar and budding beverage entrepreneur Dwayne “The Rock” Johnson is celebrating a major milestone for his Teremana Tequila label, selling over one million cases within a 12-month period.
Meet the Spirits From Distill Ventures’ Latest Spring Pre-Accelerator Class
Distill Ventures, a Diageo-funded accelerator that provides funding and support for startup drink entrepreneurs, has added five brands to its pre-accelerator Spring cohort, the company announced today.
Pernod Ricard Nine-Month Sales Up, Optimistic Despite Drop in Q3
Pernod Ricard reported an 8% increase in organic sales for the first nine months of fiscal year 2023, reaching $10.5 billion, according to its Q3 earnings report today. However, in the last quarter organic sales were down 2% ($2.6 billion).