BevAlc: Total Sales Show Slight Improvement
The latest data set from NIQ showed a modest improvement in sales growth for total BevAlc in the two-week period before August 10, according to analysis from Goldman Sachs Equity Research.
Beyonce Partners With Moët Hennessy on American Whiskey
Queen B has stepped onto the spirits stage. Beyoncé Knowles-Carter has joined forces with Moët Hennessy, the wine and spirits subsidiary of luxury group LVMH, to launch a new whiskey venture, announced today.
Survival of the Craftiest: How Distillers Are Battling Distribution and Regulation Roadblocks
Earlier this month, an article in Food & Wine proclaimed craft spirits in crisis, kicking off a tense debate between wholesalers and craft spirit representatives about the root causes of the challenges facing distillers.
CGA: American Whiskey Gains Ground On-Premise
American whiskey is gaining steam as its mother category retains a leading position on-premise in the last 12 months, according to NIQ-owned on-premise data firm CGA.
Napa Wine Family Acquires Majority Stake in Dry Fly Distilling
A big name in Napa Valley wine is moving into craft spirits. Charlie Wagner of Caymus Vineyards has acquired a majority stake in Spokane, Washington-based Dry Fly Distilling, the distiller announced today.
After An Ugly Breakup, Boisson & Its Former Partners Look For the Way Forward
The adult non-alc industry was rocked in April when pioneering retailer Boisson shut its nine physical stores and filed for bankruptcy. Now, many non-alc brands are still asking questions about the closure, while others are finding opportunity in a growing landscape.
Campari: Sales Up Despite Bad Weather, Agave Renegotiations
Campari Group reported positive sales growth in the first half of 2024, but warned that temporary headwinds will impact its gross margins during its H1 2024 earnings call yesterday.
Diageo Reports First Full-Year Losses Since Pandemic
Marking its first annual sales loss since 2020, Diageo reported a -1.4% fall in net sales for fiscal year 2024 during its earnings call Tuesday morning.
Aether Group Targets Corte Vetusto for Turnaround Potential in U.S. Market
Sometimes it’s a brand’s challenges that make it an attractive acquisition target. Last week, the Aether Group, a recently launched incubator and brand house from a former Coca-Cola executive made its first acquisition: Corte Vetusto, a mezcal brand with a U.K. footprint whose U.S. distribution stalled due to the pandemic.
Mommenpop Update Puts a Citrus, Organic Twist on Aperitifs
For winemaker Samantha Sheehan, the spritz’s rise to one of the most popular cocktails in the U.S. has been a boost to her Napa-based aperitif brand Mommenpop.
Tales Of The Cocktail Guide: Beyond No/Low, Global Spirits, Cocktail Forecasts
Thousands of bar professionals and spirit reps from across the globe will descend on New Orleans next week for the world’s leading cocktail conference, Tales of the Cocktail.
Legal Updates: Crossover Beverage Guidance Takes Shape, DTC Laws Advance
With crossover products gaining shelf space, more guidance is emerging from trade associations and states to steer how brands, retailers and regulators define and treat these offerings.
Diageo Sells Rum Brand Pampero to Gruppo Montenegro
Diageo has completed its second brand sale in the span of a month, announcing today it has offloaded Venezuelan rum label Pampero to Italian food and spirits company Gruppo Montenegro.
Uncle Nearest Launches Mentorship Program to Cultivate Brand Advocacy, Bar Industry Leaders
Fast-growing whiskey company Uncle Nearest has launched a unique trade mentorship program, leveraging a brand advocacy strategy its creator said is centered on investing in bartenders and building long-term relationships.