Reyes CEO Tom Day On RNDC Deal, Scaling Spirits and Wine Business
After 50 years in business, Reyes Beverage Group’s dealmaking ambitions aren't close to done – in and out of beer.
Spirits Industry News
Uncle Nearest Moves Closer To Possible New Ownership
Uncle Nearest Premium Whiskey is possibly closer to new ownership after its court-appointed receiver announced today he has signed a non-binding letter of intent (LOI) to sell nearly all of the brand’s assets to a Black-owned investment firm.
Uncle Nearest Stays in Receivership; Founder’s Holding Company Added
A federal judge has issued a ruling maintaining the court-supervised receivership for Uncle Nearest Premium Whiskey and broadening that oversight to encompass founder Fawn Weaver’s personal holding company.
NIQ: No/Low Alcohol Hits $6 Billion Globally, But Soda and Water Are Winning
No/low alcohol reached $6 billion in worldwide off-premise sales, growing +11.8% versus a year ago and adding $737 million in incremental sales, according to a new moderation report from NIQ.
Perfect Purée Acquires Strongwater, Expands Premium Bar Ingredients Portfolio
The Perfect Purée of Napa Valley, a leading producer of premium fruit products for culinary and beverage professionals, is expanding into the elevated bar ingredients category with its acquisition of Strongwater, the Colorado-based maker of craft bitters, mixers and functional beverages.
Spritz Society Bets the Brand on The Skinny Spritz
After the diet culture of the 2000s propelled the commercialization of the skinny margarita, can the better-for-you trends of the 2020s do the same for the skinny spritz? One brand is betting on it.
Spirits Distribution: RNDC Exit Shakes Up Partnerships; RTDs Expand
This month’s distribution moves are headlined by RNDC's continued national wind-down, scattering independent and major brands to new partnerships. Meanwhile, a wave of ready-to-drink (RTD) brands are pushing into new markets from Wisconsin to Southern California.
RTD Cocktails Outperform as Total Bev-Alc Declines Moderate Slightly
Total bev-alc dollar sales continued to decline in the latest two weeks, as even the standout growth category ready-to-drink (RTD) cocktails saw sales dip, according to the latest analysis of NIQ data from Goldman Sachs Equity Research.
Sazerac Acquires Equity Stake In SIPMARGS
Sazerac has added another ready-to-drink (RTD) cocktail to its growing portfolio.
Report: Brown-Forman Turns Down Sazerac’s $15B Bid
Jack Daniel's maker Brown-Forman has rejected a $15 billion bid from Kentucky competitor Sazerac.
Ritual Zero Proof Debuts RTDs
Diageo’s Ritual Zero Proof has entered the ready-to-drink (RTD) category with three canned non-alcoholic (NA) cocktails.
How Lil Yachty’s Yacht Water Is Building on Atlanta Music and Brewing Veterans
You might be familiar with rapper Lil Yachty’s Grammy-nominated music, but unlike some other celebrities, you might not know about his tequila product.
Breakthru Beverage to Acquire RNDC’s Kentucky, Indiana Territories; More Transactions Incoming
Republic National Distributing Company (RNDC) continues to sell off its territory.
New Hard Lemonade RTDs Squeeze Out Mainstays
If hard tea feels like a tidal wave of ready-to-drink (RTD) disruption, hard lemonade is experiencing a tsunami, according to a new analysis from Bump Williams Consulting (BWC).
Retailers Add More Space For High ABV RTDs, NA Analogs, THC
Buyers at some of the largest bev-alc chains are carving out shelf space for non-alc (NA) analogs and hemp-derived THC beverages, while meeting demand for culturally-inspired and high ABV ready-to-drink (RTD) cocktails.