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.
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New RTD Spirits: Spindrift Spiked, Deep Eddy and SWAY Release Summer-Inspired Sips
As the sunshine begins to stick around, many RTD cocktail producers are beginning to roll out summer-inspired sips. In this gallery, Atomic Coffee Roasters makes its first foray into the spirits world with an espresso martini offering, U.K.-based Funkin Cocktails splashes down in the U.S. and SoulBoxer expands its lineup of ready-to-pour bottled cocktails.
“Sparkling Beverages Continue To Blur Category Lines:” Six Questions With Christine Dang, Thrive Market Beverage Category Manager
Thrive Market’s beverage category manager Christine Dang talked to BevNET recently about the platform’s strategy evolution during and after the pandemic, how the direct-to-consumer model provides different challenges to the beverage category and how pack size and format play an integral role in curating the platform’s offerings.
Milk Money: New $650M Fairlife Dairy Facility To Create 250 Jobs In Upstate New York
Fairlife has invested $650 million to open a new 745,000 sq. ft production plant in Webster, New York that will bring nearly 250 jobs to the region.
Elevator Talk: Dewey Crush, Lemonback, 4Good Hard Seltzer, Casalu, Thirst Burster
Watch founders and CEOs introduce their brands and provide a recap of recent news and updates. This week's special co-host is Sonia Shekar, the startup insights manager for Foodbytes by Rabobank, who shared her thoughts, questions and feedback with the participants.
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.
Taste Radio: This Grocer Might Be The Most Influential Retailer In America
Emily Schildt, the founder and CEO of Pop Up Grocer, a specialty retailer known for its short-term locations and carefully curated selection of new and better-for-you products, spoke about its role as an “influencer retailer” and advertiser-first business model, how the company evaluates brand performance and why you might be surprised by its curation strategy.
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?
NBA Star Chris Paul Joins $2.5M Round For Hydration Mix Buoy
Hydration supplement Buoy has closed a $3.5 million round that brings NBA All-Star Chris Paul to the cap table as an investor and brand ambassador.
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.”
Monster: Q1 Net Sales +11.9% As ‘Beast’ Boosts Booze Division
Boosted by triple-digit growth from its nascent alcohol division, Monster Energy beat analysts’ predictions in reporting an 11.9% year-over-year rise in net sales in its Q1 2023 earnings report on Thursday afternoon.
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…
This Week’s New Products: Pepsi’s Champions League Cans, Non-Alc Mezcal and a New Barcode Flavor
In this week’s new products roundup, Pepsi celebrates the UEFA Champions League, Little Saints makes its first foray into the non-alc spirits category and sports drink Barcode adds a tropical flavor to its lineup.