Spirits-based ready-to-drink (RTD) products will face a challenge to maintain double-digit growth rates in 2025, including a decluttering of items at retail in order for the segment to remain healthy, according to Bump Williams Consulting’s (BWC) monthly report.
We chatted with the founder of Amante 1530 about how she’s applying a profit-over-growth mindset to bev-alc, where she sees opportunity for more aperitif amaro players, and why her celebrity investor takes a backseat in the company’s branding (hint: there’s a “message in a bottle”).
Ready-to-drink products have built their brands around different cocktails: some are sessionable seltzers or old classics, others are obscure cocktails that haven’t yet hit mainstream. But Gin & Juice By Dre and Snoop, so far, is the only one that has emerged from a 90s rap anthem.
Ready-to-drink (RTD) products surpassed $13 billion in off-premise sales in the 52-week period ending July 13, up +4% year-over-year (YoY), according to a mid-year report from market research firm NIQ.
Facing pressure from conservative activists online, Brown-Forman has dropped its diversity, equity and inclusion (DEI) policies, following a broader trend of major multinational companies cutting programs created to address systemic inequality in the corporate world.
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.
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.
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.
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.
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.
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 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.
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.
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.
