In a move signaling confidence in tequila’s continued ascent, Brown-Forman Corporation is pouring $200 million into expanding its historic Casa Herradura tequila distillery in Jalisco, Mexico to meet soaring global demand.
Music mogul and entrepreneur Sean “Diddy” Combs is suing business partner Diageo today alleging that the brands he co-owns with the spirits group, Cîroc Vodka and DeLeon Tequila, were given worse treatment because he’s Black.
Spirits group Bacardi is close to an approximately $200 million deal to purchase Ilegal Mezcal, according to reporting in Bloomberg Finance. The group bought an unspecified minority stake in the major mezcal brand in 2017, granting it national distribution.
Roughly one month after closing its fourth fund at $45 million and launching a sister debt platform for the crafts spirits industry, InvestBev isn’t slowing down.
Marking the 100th anniversary of its Japanese whiskeys, The House of Suntory released first looks at its new campaign with John Wick star Keanu Reeves and the Coppola family this week.
Legislation to expand sales of spirit-based ready-to-drink (RTD) cocktails in the Golden State is moving forward today, after the California Senate unanimously passed a bill allowing those products to be sold in grocery and convenience stores.
When Simone Moran launched ready-to-drink cocktail Plant Botanical in summer 2021 her early advisors told her she couldn't get into national retailers. But after spring resets this year, the Los Angeles-based cocktail brand can be found at Albertsons, Walmart, Target and on the in-flight menu of JetBlue Airlines.
Sonoma Valley-based Foley Family Wines (FFW) is expanding into the luxury spirits business by launching a distillery operation in Minden, Nevada.
Ibiza is famous as an island vacation playground, but one company wants to make it known for its herbal spirits. Basbas, a lower-ABV herbal spirit, is launching a $2 million equity raise, the company announced today.
Tonight when hordes of fans are pushing their way towards refreshment stands at Massachusetts’s Gillette Stadium during the opening night of Taylor Swift’s much-heralded tour, they’ll have the option to order a glittery purple cocktail inspired by the pop star’s hit, “Lavender Haze.”
Stoli Group has invested in The Pathfinder Hemp and Root, a fermented and distilled non-alcoholic amaro. Made from fermented and distilled hemp (non-intoxicating), the non-alcoholic spirit sits at the nexus of two rising categories: cannabis drinks and no/low alcohol.
Silvia Santiago, Puerto Rico’s first female rum master blender, celebrates her 50 year anniversary this year at Destilería Serrallés. We chatted with Santiago about the ways trends influence her release strategy, what’s changed for women in rum, and how to balance innovation and tradition.
With luxury tequila driving growth for spirits, the beverage innovators behind Fuze, NOS, BodyArmor and Core, are looking to further their presence in agave spirits.
LS Cream, a liqueur inspired by Haitian drink known as cremas, has received an investment from Fearless Fund at a valuation of $10 million, the company announced today.
