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.
Dutch drinks firm Lucas Bols has acquired Fluère, a premium alcohol-free spirits brand from the Netherlands. The approximately $1.05 million deal was completed January 1.
Founded in 2015, Speakeasy has since ditched the subscription box model and now offers technology, warehousing and order fulfillment for wine and spirits brands. It’s also one of the few white label e-commerce sites that provides brands the tools to implement a digital storefront on their own websites.
In this first new whiskey roundup of 2023, Writers’ Tears brings its “Red Head” single malt expression stateside, Dingle Distillery releases its first core expression and TINCUP launches its oldest whiskey to date.
On the heels of moving its portfolio of brands to beer wholesalers in Washington state and Colorado last August, Sazerac Company announced last week a major change to its route-to-market in several states.
As we move through the winter holidays and into 2023, beverage alcohol analysts have been weighing in on spirit trends and categories poised to lead in the new year.
Washington-based craft distiller Heritage Distilling announced this week its plans to merge with Better World Acquisition, a special purpose acquisition company (SPAC), to go public in a transaction that has a pro forma enterprise value of over $122 million.
With 2023 around the corner, beverage alcohol analysts have begun tackling questions about holiday season sales and the outlook on spirits for the new year: How will economic conditions impact premiumization? Which spirits will continue to lead the way? And how will moderation trends continue to evolve?
American craft spirits are recovering from the pandemic’s downturn, according to new data from the Craft Spirits Data Project. Compiled by the American Craft Spirits Association (ACSA) and Parks Street, the annual report released this week shows that craft distillers are growing in number of distilleries and in sales.
