Andrew Merinoff wants to invest in products that seem impossible to pull off. Case-in-point: This month, the founder of venture capital firm Dispact Ventures, announced he is taking over as CEO of passion fruit liqueur Chinola, one of the firm’s earliest investments.
For the first time, spirit revenues have eclipsed beer, according to the Distilled Spirits Council of the United States (DISCUS) in its annual economic briefing today.
California lawmakers have introduced a bill that would allow wine and beer retailers to sell spirits-based, ready-to-drink (RTD) beverages that are lower than 10% ABV and in containers no larger than 16 oz.
A year-long legal dispute between rapper and business tycoon Shawn “Jay-Z” Carter and Bacardi was finally resolved on Friday when the spirits giant announced it has agreed to acquire the majority of Cognac venture D’ussé, with Carter retaining a significant ownership stake through his company SCLiquor.
As Valentine’s Day approaches, some RTD cocktail brands are holding onto an eternal summer with tropical-inspired flavors while others are rolling out new iterations of classic cocktails. Check out this gallery for the latest launches from brands like Tip Top Proper Cocktails, Captain Morgan and Hercules Mulligan.
On-demand convenience delivery retailer Gopuff and e-commerce beverage-alcohol platform Drizly are teaming up to provide broader service for bev-alc delivery, the companies announced today.
Since 2013, e-commerce platform ReserveBar has specialized in selling luxury spirits and wine — now it wants to supply your next tailgate, too.
Dry January may be in full swing, but that hasn’t stopped spirits brands from rolling out new offerings. In this roundup of new whiskey releases, Fercullen Irish Whiskey makes its U.S. debut and Woodford Reserve unveiled this year’s edition of Double Double Oaked Bourbon.
Consumers have filed a class action lawsuit against spirits giant Sazerac claiming the company’s malt-based Fireball Cinnamon has misled them because it lacks the whisky base of its parent brand, Fireball Cinnamon Whisky.
Over the last decade, businesses owned by either people of color, LGBTQ people, women or the disabled have received only a 2% share of venture capital even though they represent over 50% of new business started, according to Hello Alice. Within spirits and alcohol overall, several industry groups and leaders have recently called attention to similar disparities.
The Alcohol and Tobacco Tax and Trade Bureau of the U.S. Department of the Treasury (TTB) has recognized singani as a unique type of brandy and a distinctive product of Bolivia, designating the grape distillate as its own subcategory. The new rule will go into effect on February 13.
Diageo is deepening its roster of top-tier brands in reaching an agreement to acquire super-premium dark rum label Don Papa Rum for an initial fee of $281.5 million, the company announced today.
Pronghorn, an initiative focused on boosting Black spirits entrepreneurship, announced today an investment in cocktail mixer and beverage brand Hella Cocktail Co that will also see the company’s co-founder, Jomaree Pinkard, join as its new CEO and managing director. The size of the investment was not disclosed.
While the term “hard water” might make you think of whether you need to change your detergent brand, in the case of Bluebird Hardwater, it’s a little more literal. The ready-to-drink cocktail launched this week offering the first canned beverage combining premium spirits with pure non-sparkling mineral water.
