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.
Global beverage alcohol is projected to deliver over $21.6 billion to the global economy by the end of 2023, with premium plus segments and no/low alcohol representing bright spots, according to a report from the IWSR Drinks Market Analysis released today.
Spirits group Brown-Forman reported 8% organic growth in its fiscal 2023 year, fueled by its major whiskey brands Jack Daniel’s Tennessee Whiskey and Woodford Reserve, as well as the launch of Jack & Coke ready-to-drink cocktail, the company reported in its Q4 earnings presentation today.
E. & J. Gallo is continuing its acquisition streak with Bev, a Los Angeles-based canned wine and spritz brand. The transaction comes two years after the spirits and wine group secured exclusive U.S. distribution rights to Bev’s portfolio.
Stoli has announced Miguel Cedeño-Cruz as its new master distiller for ultra-premium tequila, Cenote Tequila, where he will be responsible for overseeing the production processes, quality control and strategic development of the brand.
In a move signaling confidence in tequila’s continued ascent, Brown-Forman Corporation is pouring $200 million into expanding its historic Casa Herradura tequila distillery in Jalisco, Mexico to meet soaring global demand.
Music mogul and entrepreneur Sean “Diddy” Combs is suing business partner Diageo today alleging that the brands he co-owns with the spirits group, Cîroc Vodka and DeLeon Tequila, were given worse treatment because he’s Black.
Spirits group Bacardi is close to an approximately $200 million deal to purchase Ilegal Mezcal, according to reporting in Bloomberg Finance. The group bought an unspecified minority stake in the major mezcal brand in 2017, granting it national distribution.
Roughly one month after closing its fourth fund at $45 million and launching a sister debt platform for the crafts spirits industry, InvestBev isn’t slowing down.
Marking the 100th anniversary of its Japanese whiskeys, The House of Suntory released first looks at its new campaign with John Wick star Keanu Reeves and the Coppola family this week.
Legislation to expand sales of spirit-based ready-to-drink (RTD) cocktails in the Golden State is moving forward today, after the California Senate unanimously passed a bill allowing those products to be sold in grocery and convenience stores.
When Simone Moran launched ready-to-drink cocktail Plant Botanical in summer 2021 her early advisors told her she couldn't get into national retailers. But after spring resets this year, the Los Angeles-based cocktail brand can be found at Albertsons, Walmart, Target and on the in-flight menu of JetBlue Airlines.
Sonoma Valley-based Foley Family Wines (FFW) is expanding into the luxury spirits business by launching a distillery operation in Minden, Nevada.
Ibiza is famous as an island vacation playground, but one company wants to make it known for its herbal spirits. Basbas, a lower-ABV herbal spirit, is launching a $2 million equity raise, the company announced today.
Tonight when hordes of fans are pushing their way towards refreshment stands at Massachusetts’s Gillette Stadium during the opening night of Taylor Swift’s much-heralded tour, they’ll have the option to order a glittery purple cocktail inspired by the pop star’s hit, “Lavender Haze.”
