At-home drinking is here to stay, according to a new report from IRI Beverage Alcohol Research. With inflation concerns and on-premise challenges, consumers are opting to indulge at home – and these conditions are impacting growth opportunities, putting a premium on innovation and affecting everything from e-commerce strategy to packaging and premiumization.
Non-alcoholic beverage retailer Boisson has closed a $12 million seed round that will support retail expansion in Los Angeles and fuel the launch of a new on-premise business division.
Will the Chili’s menu of the future feature a non-alcoholic margarita? Marcus Sakey, co-founder of Ritual Zero Proof, is betting on it.
This summer’s new whiskey releases saw brands paying homage to smoky summertime bonfires, releasing new 2022 editions of previously released products and rolling out new collaborations. Check out the gallery for new releases from WhistlePig, Hotel Tango and MF Libations.
As the heat and humidity linger, many beverage brands are rolling out new ready-to-drink cocktails to help cool you down. Check out this gallery for five new offerings you can sip in the shade.
Comedian and brand-builder Jilly Hendrix is the latest founder to get into the low-and-no-alcohol category with BODY, a 30% alcohol-by-volume (ABV) vodka that launched last week.
Baijiu producers claimed the top five spots on the world’s most valuable spirit brands list in 2021, but the spirit is still a novelty in the U.S. thanks a lack of accessibility and availability, according to Derek Sandhaus, co-founder of Ming River Baijiu.
When the leadership of the Paskenta Band of Nomlaki Indians expanded its casino, a brewery and distillery seemed like a natural addition. But until a few years ago, distilling alcohol on reservations was illegal. Now, the Paskenta Brewery & Distillery is the first tribal-owned California distillery. One of just a handful of tribal-owned distilleries in the U.S., it’s also aiming to be a model for others.
Black-owned South African spirits group Spearhead announced today it has raised $3 million to expand the reach of its two products, Vusa Vodka and Bayab Gin, to the U.S., as well as launch new product lines and accelerate its marketing efforts.
Last month The Coca-Cola Company and Brown-Forman announced the launch of a new Jack & Coke ready-to-drink (RTD) product— but eager U.S. drinkers will have to wait. The new beverage will first launch in Mexico, sparking the question: as RTD growth spreads globally, where are major suppliers headed next, and what will they be looking for?
Last week, Pernod Ricard announced the launch of The American Whiskey Collective, a new business unit dedicated to the company’s American whiskey portfolio that will pursue growth by investing in the “new fashioned” brands’ innovation.
As the summer heat begins to stick around, ready-to-drink cocktail makers are rolling out new formats and flavors hoping to win a spot in beachgoers' coolers. Check out this gallery for sports-themed vodka cocktails, Joe Jonas’ line of Fizzy Sangrias and Skrewball’s new on-the-go format.
Sparkling tequila cocktail Onda has closed a $12.5 million funding round led by existing investor Aria Growth Partners, the company announced today. Aria originally backed the brand in its $5 million Series A round last May, and is reinvesting on the back of a strong performance over the past 12 months, during which it has surpassed 10,000 total doors across more than 30 states.
Brian Rosen doesn’t want to invest in your vodka flavored with sriracha or lemon peel and cumin. The lifelong beverage entrepreneur and advisor is channeling his experience into growing spirit brands that instead have wide appeal, and he’s adding strategic capital through InvestBev, an investment firm focused on adult-beverage brands, raw distillate, beverage technology and cannabis.
