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.
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, 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."
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.
Canned margarita brand sipMargs has closed on a $2 million funding round led by Lab Capital Advisors, the same investor that put $3 million into the brand in May 2022.
Has high-end tequila hit a dry spell? A new report from the IWSR Drinks Market Analysis says brands at the top of the agave spirit shelf should expect a continued slowdown in the U.S. and begin to look elsewhere for growth.
In this latest round of distribution news, we check in with Lo Siento, Never Say Die Bourbon and Diageo’s Mr Black Coffee Liqueur.
Pernod Ricard announced new leadership today for its North America business. Conor McQuaid will take the helm as CEO of Pernod Ricard North America at the start of the new year.
When Tilden, a 750 ml ready-to-serve mocktail debuted at the start of the year, the founders used flask-sized sample bottles to pitch their new product in sales meetings.
With its first season in the books, the founders behind zero-proof spirit brand Wilderton have one major takeaway after opening the first non-alc tasting room and distillery in the country: it’s working.
After its debut last year, Phreshly has revamped its ready-to-drink cocktail packaging as it aims to distinguish the brand in BevAlc’s hottest category by focusing on its unique ingredients and cultural roots.
Total BevAlc sales growth improved slightly with volume performance up across beer, flavored malt beverage, cider and hard seltzer, while dipping negative on sequential basis in wine and spirits categories during the latest two-week period.
Pronghorn continues to aggressively build out its portfolio of Black-owned spirit brands with the addition of three new companies: New England Sweetwater Farm & Distillery, Acquired Taste Cognac, and Rally Gin.
Gen Z is pushing alcohol abstention to new record lows, according to a new report from NIQ. But that doesn’t mean the youngest legal-age generation isn’t drinking— they’re just doing it differently, and in an era when there are more BevAlc (and replacement) options than ever.
