Brown-Forman announced yesterday a -8% decline in reported net sales to $1.0 billion in Q4 FY 2024 driven by lower volumes of tequila and whiskey, and the broader slowdown in the spirits industry.
The Federal Trade Commission (FTC) is preparing a lawsuit against Southern Glazer’s Wine and Spirits, the nation’s largest alcohol distributor, over its pricing practices, according to a Politico report published yesterday.
Jinx Drinx, which launched in Las Vegas this month after testing in Southern California, is a new ready-to-drink cocktail that that comes in a pouch with patent-pending packaging that includes a sealed-in straw to mitigate drink tampering and drink and drug-facilitated sexual assault.
E-commerce beverage-alcohol platform Provi’s lawsuit against Southern Glazer’s Wine and Spirits and Republic National Distributing Co. (RNDC) will be able to go forward after a judge today denied a motion to dismiss the lawsuit filed by the two distributors.
Bardstown Bourbon needed to walk before it could run, according to its new president appointed this month, Peter Marino. Walking, in this instance, means contract distilling for renowned whiskey brands, acquiring another distillery, and releasing its own bourbon series.
Uncle Nearest, the country’s largest Black-owned distillery, is widening its reach across spirit categories in announcing a deal to acquire Square One Organic Spirits, the company announced today.
Jay-Z’s Marcy Venture Partners is the latest group to invest in ready-to-drink brand The Finnish Long Drink, the company announced today.
Hella Cocktail Co., known for its bitters and mixers, is making a foray into bev-alc with a ready-to-drink (RTD) line debuting this week, Hella Margaritas.
Our latest distribution roundup finds Berczy getting in on the hard tea race in the Northeast and Woody Harrelson’s spirits heading into Massachusetts, while prepared cocktails Tequio and DIO sign deals with new distributors as they go deep in California and New York respectively.
If Tip Top Proper Cocktails had the resources, it would’ve released 11 new styles of canned cocktails this year.
Spirits sales at restaurants and bars are mostly steady, with recent data from WSWA’s SipSource and NIQ’s CGA revealing more optimism for the year but still pointing to lower growth levels than in past years. In other happenings on-premise, March Madness was a slam dunk for bars and vodka may find more possibilities in fine dining.
In the past few years, “additive-free,” a term used to designate tequila that’s been produced without sweeteners and other artificial ingredients, has evolved into a buzzword. And it’s not just wellness crowds, celebrities, and big tequila brands that have clocked the trend— it’s Mexican federal authorities, too.
Beam Suntory is rebranding to Suntory Global Spirits, a move that both reflects back on the decade since the Japanese spirit giant acquired the maker of Jim Beam, as well as the company’s continued evolution into a global premium spirits and ready-to-drink competitor.
Brandon Cason, the founder of Canteen Spirits and Waterloo Sparkling Water, is moving into malternatives with the release of TEABIRD this week, a hard tea backed by country music star Jason Aldean.
