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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.
Despite its name, Mom Water is not just gaining traction with its namesake audience. The fruit-infused vodka water that launched out of Indiana last year has made inroads at sporting arenas, college campuses and big box retailers alike. No one was more surprised than the husband and wife founders, Jill and Bryce Morrison.
In this roundup of new whiskey releases, WhistlePig teams up with country music duo Brothers Osborne, Kentucky Owl celebrates Mardi Gras early and Stellum Spirits takes inspiration from the Hunter’s Moon.
In this roundup of new tequila and mezcal releases, Maestro Dobel teams up with California-based winery Silver Oak, Nosotros unveils the first tequila to be aged in wet cider barrels and Casa Del Sol rolls out nationwide.
The Oxford Artisan Distillery, an ultra-premium English rye whisky producer, announced today it has joined drinks accelerator Distill Ventures via a minority investment from Diageo. Terms of the deal were not disclosed.
In this roundup of new whiskey releases, Bulleit brings back its Frontier Whiskey Barrel Strength Bourbon in time for the holiday season, Skrewball introduces its limited-edition Egg Nog and Puncher’s Chance unveils its oldest whiskey to date.
Pronghorn, an initiative focused on boosting Black spirits entrepreneurship, announced yesterday new investments in three companies: Tequila with Friends, Den of Thieves and Ego Tequila. Terms of the deals were not disclosed.
Pernod Ricard USA has invested in its first-ever canning line for ready-to-drink (RTD) products, aimed to accelerate growth in the burgeoning category.
Espresso martinis have made a comeback at bars, but can their canned counterparts revive the hard coffee segment? Just a few years ago, hard coffee drinks burst into the scene as major brands like Jameson, Jäegermeister, and Pabst Blue Ribbon brought together cold brew and alcohol in bottled or canned form.
As the holiday season approaches, some RTD cocktail brands are leaning into winter-inspired flavors while others are holding onto an eternal summer. Check out this gallery for the latest launches from brands like Spirited Hive, Cutwater Spirits and Dewey Crush.
Trade groups across beer and spirits continue to fight over whether spirits-based, ready-to-drink canned cocktails (RTDs) should be taxed at the same as malt-based alternatives. The argument came to a head this month when Public Sector Consultants (PSC) released a study claiming decreased excise tax rates for spirits-based RTDs have cost consumers more on shelf.
Non-alcoholic beverages and spirits are evolving into a fast-moving segment, but are low-alcohol spirits and wines following the same trajectory? New producers of naturally low-ABV aperitifs and amaros are hoping the category’s progression will create a niche for them.