It’s been a busy Spring for Connecticut-based spirits company the CoreBev Group. The startup is gearing up for two launches next month including a Greek rum and a non-alcoholic ready-to-drink cocktail— in addition to buying its own distillery.
Luxco, Inc., a subsidiary of Indiana-based whiskey giant MGP Ingredients, has acquired Penelope Bourbon for $105 million upfront, the company announced Monday. The deal also includes a maximum potential payout of $110.8 million by the end of 2025 if “certain performance targets” are achieved.
Circana’s annual State of Beverage Alcohol Industry Report surveys the top trends in beverage alcohol, but what are the market opportunities hidden within that data?
Footwear company Birdies and infused tequila 21 Seeds have teamed up to launch a “Top Shelf” sneaker collection, inspired by “empowered women who call the shots.”
CEO of Sazerac Mark Brown plans to leave his role next month, according to reporting by Louisville Business First. The move is part of “a long-signaled and eight-year succession plan,” that will see Brown move to the role of executive chairman.
From his role as former bar director at James Beard Award-winning Maison Premiere, to chief brand officer at The Liquor Cabinet, Maxwell Britten has spent over 15 years as a…
Leading mezcal brand, Del Maguey, has issued a recall for its promotional ceramicware cups called 'copitas' because they may exceed FDA guidance levels for leachable lead, the company announced Monday.
From the land of Cran-Grape comes… Cran-Vodka? Absolut and Ocean Spray are teaming up to launch Vodka-Cranberry Range, a ready-to-drink (RTD) line coming early 2024, a press release announced today.
The list of celebrity-backed spirits is getting longer. Often behind the big names are a suite of new innovation houses that are quietly fueling the recent rush of celebrity spirits.
Spirits-based, ready-to-drink (RTD) canned cocktail brand Fishers Island Lemonade has agreed to be acquired by Spirit of Gallo, the spirits division of E. & J. Gallo, the companies announced today in a press release.
Box office megastar and budding beverage entrepreneur Dwayne “The Rock” Johnson is celebrating a major milestone for his Teremana Tequila label, selling over one million cases within a 12-month period.
Distill Ventures, a Diageo-funded accelerator that provides funding and support for startup drink entrepreneurs, has added five brands to its pre-accelerator Spring cohort, the company announced today.
Pernod Ricard reported an 8% increase in organic sales for the first nine months of fiscal year 2023, reaching $10.5 billion, according to its Q3 earnings report today. However, in the last quarter organic sales were down 2% ($2.6 billion).
As spring progresses and the flowers begin to bloom, so too do new releases from spirits makers like DIAGEO, PATRÓN and Lux Row. In this gallery, ZAKUSKA makes its debut in the vodka category, Elvis Whiskey pays homage to the ‘King of Rock ‘n’ Roll’’s favorite snack and Nikka announces the return of traditional statements to its U.S. portfolio.
