Spirits: Export Data Shows Scotch, French Spirits Down; Mezcal Decelerates
Exports of several global spirits slumped in 2023, what does new data say about headwinds facing rising spirits like Scotch whiskey and mezcal?
Bernstein: Is US Alcohol Consumption Decline a Temporary Blip or Long Term-Trend?
Analysts at Bernstein have answered the No. 1 question they were asked last year: What is happening to U.S. alcohol consumption and what does it mean for the future of the sector?
Casa Azul Appoints Former Gallo Exec Dennis Carr as CEO
Casa Azul, the tequila company from the beverage innovators behind non-alc brands Fuze, NOS, BodyArmor and Core, announced today it has appointed Dennis Carr as its new CEO.
MHW 2024 Predictions: Values-Driven Branding Key As Inventories Remain High
With inflationary pressures still impacting inventory cycles, brands will need to focus on core offerings and distinguish themselves by sharing more about their values in 2024, according to predictions from executives from MHW, a beverage alcohol importer and service provider, shared during a webinar.
DISCUS: 2023 Spirits Sales Flat; RTD Retail Access Legislative Priority
Spirits sales in the U.S. were flat in 2023, but maintained a very slight revenue lead over beer for the second year in a row, according to the Distilled Spirits Council of the United States (DISCUS) in its annual economic briefing today.
Spirits Distribution: NightOwl Aims for Buzz in New States, Lodestar Debuts in CA
In this latest round of distribution news, we check in with caffeinated cocktails Bold Move Beverages and NightOwl Martini, newcomer Lodestar Whiskey, and flavored tequila Madam Paleta.
WSWA: SipSource EOY Data Points to Challenges Ahead
With wholesaler inventories at historic highs and consumers pulling back on spending, the BevAlc industry faces challenges ahead, according to SipSource analysts in a recap of the industry in 2023.
JuneShine Receives 7-Figure Investment From Private Equity Firm InvestBev
California canned cocktail and hard kombucha maker JuneShine has received a seven-figure investment from private equity firm InvestBev.
The Drivers Shaping RTDs, Spirits and Non-Alc in 2024
What core drivers are BevAlc experts watching in 2024? We checked in with a data analyst, consultant and major retailer buyer on their outlook, including what investors will be looking for, where there might be white space in hot categories, and how retailers are making buying decisions.
How 2023’s Legal Battles Are Shaping The Future of BevAlc
From lawsuits against major distributors to celebrity breakups, it's been a year of high profile BevAlc legal disputes. But what are the most important 2023 cases that lawyers are tracking into the next year and how might they impact the industry?
Campari Buys Courvoisier for $1.2 Billion, Accelerating Its “Premiumization Journey”
Campari has committed to acquiring cognac Courvoisier from Beam Suntory for an initial price of $1.2 billion, amounting to the biggest deal in the Italian spirit group’s history.
Data: BevAlc Sales Growth Eases, Volume Pressure Ticks
Total BevAlc sales growth decelerated slightly with volume up across spirits, wine and cider, while more negative on sequential basis for beer, hard seltzer and flavored malt beverage during the two-week period that ended December 2, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.
Empirical’s Copenhagen Business Files for Bankruptcy, Says U.S. Business is Thriving
Empirical, an experimental spirits company created by alumni of the famed restaurant Noma, has filed for bankruptcy for its Danish operations, although the founders insist business in the U.S. or globally will not be impacted and that its stateside business is “thriving."
Drizly: Non-Alc Continues Growth, Newcomers Top The Charts
Newcomers in non-alc spirits are climbing up the list of Drizly’s top-selling SKUs, illustrating how brands are continuing to find innovative ways to replace drinking occasions.