Hennessy Cognac Sales Drop in Q1
Revenue from the spirits and cognac segment of LVMH fell by 5% in Q1 2023 as Hennessy Cognac struggled in China and the U.S., the company reported yesterday in its first quarter revenue earnings report.
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
Six Questions with Pomp & Whimsy Founder, Nicola Nice
Before she founded gin brand Pomp & Whimsy, Nicola Nice spent 20 years advising alcohol companies on how to better connect with their audiences. The sociologist and brand strategist has consulted on spirits innovation for some of the largest global producers including Diageo, Bacardi, and Campari.
Red Stripe Launches Canned Rum Cocktail
Jamaican beer maker Red Stripe has released its first spirit-based portfolio extension, Red Stripe Rum Drinks. The canned cocktail will roll out in Florida starting today, and is set to hit select markets in the Northeast throughout the spring.
Study: Multicultural Americans More Likely to Choose RTDs, Higher Loyalty to Spirit Brands
A new study highlights preferences and motivations for drinking alcoholic beverages across race and ethnicity. The study, published in February, comes from Collage Group, a cultural intelligence agency that offers consumer insights across race, ethnicity, generation, sexual identity and gender with a focus on high-growth consumer segments.
Legislative Update: Kentucky Phases Out Barrel Tax, Montana Sunday Spirit Sales Move Ahead
Under the new law, the Kentucky barrel tax will be removed over a 20-year period beginning this year. The Kentucky Distillers Association (KDA), representing 52 members, worked with legislators to pass HB5, which was signed by Kentucky Governor Andy Beshear on March 31.
Slow Burn: Where is Flavored Tequila Headed?
Last month, Pernod Ricard acquired peanut butter whiskey Skrewball, a play that came as flavored whiskey develops into a fast-growing segment. But is the same evolution occurring for flavored versions of the spirit industry’s other rising spirit, tequila?
Anytime Spritz Bets on Bringing Regenerative Ag to Canned Cocktails
Two founders who cut their teeth in supply chain and sustainability for fast-growing food companies have teamed up to launch a ready-to-drink cocktail, Anytime Spritz, available April 1 in California and New York.
Edrington Takes Majority Stake in Wyoming Whiskey
Edrington, a Scotland-based premium spirits producer, has upped its stake in Wyoming Whiskey from 35% to 80%, the company announced today.
Grey Goose Launches Bottled Martini Cocktail
With a martini resurgence sweeping cocktail bars, Grey Goose is getting in on the action with a ready-to-pour Classic Martini Cocktail bottle launching nationwide today.
Heritage Distilling Builds the First Network of Tribal-Owned Distilleries
In 2017, the Confederated Tribes of the Chehalis Reservation, comprised of around 900 members living on over 4,400 acres in southwest Washington, decided to construct a community-owned restaurant, brewery and distillery. There was just one problem: distilling on tribal lands was illegal.
Middle West Spirits Expands Production Campus to Become Largest Ohio Distillery
Columbus-based Middle West Spirits is expanding with a new distillery and operational facilities on a 14-acre campus, a move set to make the company a top 10 grain-to-glass whiskey and spirits producer in the U.S. and the largest distillery in Ohio.
Six Questions with Katharine Jerkens, CBO of Uncle Nearest
Last December, Uncle Nearest Premium Whiskey announced that its sales exceeded $100 million through October 2022, with an on-track forecast to more than double that total by the end of 2023.
Margaritas Are America’s #1 Cocktail – So What’s Next?
Not everyone agrees on how to make a margarita, but one thing most cocktail enthusiasts do align on is that the cocktail has mass appeal.
Seagram’s Escapes Makes a Play for More Visibility with 7.5 oz. Can Priced at $1
Seagram’s has unveiled a new 7.5 oz can for its malt-based beverage line Escapes, aiming to leverage the new format and $1 price point to carve out space at retail outlets and bring in new customers.