Ready-to-drink and serve products have surpassed $10 billion dollar sales in off-premise channels in the latest 52 weeks ending July 8, representing a 7% increase compared to the previous period, according to an NIQ report released on Wednesday.
Diageo reported a 10.7% rise in net sales for fiscal year 2023, with premium-plus brands contributing 57% of overall organic net sales growth.
With summer in full swing, many ready-to-drink cocktail makers are releasing sun-inspired sips. In this gallery, former bachelorette JoJo Fletcher enters the beverage space with an Amalfi Coast-inspired beverage, J. Rieger & Co. Distillery launches an “Electric” new line and Sunshine Punch seeks to evoke a sense of nostalgia.
The owner of Jose Cuervo reported a drop in net sales in Q2, after volume declined in the U.S. and Canada.
The current national farm bill, a once-every-five-year piece of legislation that includes a hodgepodge of agricultural and nutrition policy, is set to expire at the end of September. Jason Meyer, executive director of the White Oak Initiative (WOI), is hoping the legislators working on the new bill are bourbon drinkers.
Campari reported 14% organic growth in the first half of the year— boosted by aperitifs, premium bourbon and tequila— but margins were affected by cost inflation.
A new report reveals what brands are dominating menus at the country’s most influential cocktail bars.
Revenue from the spirits and cognac segment of LVMH fell by 11% in the first half of 2023 as Hennessy Cognac sales suffered from weak U.S. demand, according to the company’s half-year revenue earnings report released yesterday.
The world’s leading cocktail conference, Tales of the Cocktail, kicks off this week in New Orleans, gathering thousands of bar professionals and spirit reps from across the globe.
Tennessee Attorney General Jonathan Skrmetti last week filed a lawsuit against six online liquor retailers accused of illegally selling liquor from out-of-state, an aggressive move that suggests retailers and brands may be facing greater scrutiny about how they ship products.
Growing up, Spencer Hoddeson said he mostly heard the term “gay” in a negative context. Now, he wants to destigmatize the word and create representation in spaces that traditionally don’t have LGBTQ-owned products, one Gay Water at a time.
Yellowstone’s Dutton family may be on a strike-imposed hiatus, but the show’s 6666 Grit & Glory beverage-alcohol brand keeps rolling. 6666 Grit & Glory has launched a $3 million media campaign and sweepstakes for a walk-on role on one of the franchise’s productions once the writers and actors strikes end and the Duttons return.
James Bond favorite Belvedere Vodka made an announcement earlier this month: the brand has now transitioned to being fully organic.
Whiskey giant MGP Ingredients has announced it will cease operations at its Atchison, Kansas distillery come January 2024.
