FABID’s 2023 Annual Report: Deal Doldrums
For those of you looking for a variety of levels of investment capital, the frustration was real in 2023. Deals were down. That’s the read from the FABID 2023 Annual Report, which hit our screens yesterday.
News
Data: Non-Alc Bev Sales Slow Down On Softer Pricing
Non-alcoholic beverage sales “remained healthy but moderately decelerated” during the two-week period ending January 13 as faster volume growth was offset by softer pricing growth.
How a New Law May Open Doors for Japanese Shochu
For decades, the Japanese distilled beverage shochu has been mislabeled in the U.S. as Korean soju, but a new law is clearing up the difference for consumers— and clearing a path for category growth.
Sammy Hagar and Guy Fieri Unveil “A Reputation Earned” – The First Comprehensive Creative Campaign for Santo Spirits Tequila Portfolio
Santo Spirits is unveiling an all-new look and feel for spirits visionary Sammy Hagar’s and partner Guy Fieri’s popular additive-free tequila brand.
Biosteel, Flow Agree Manufacturing Deal
The new ownership group at sports drink brand Biosteel has forged a three-year manufacturing partnership with fellow Canadian beverage maker Flow Beverage Corp.
Call Family Distillers Introduces The Reverend Sour Mash Whiskey
Today, Call Family Distillers completes the trio with a whiskey that acknowledges this Call family ancestor, a man of contradictions—distilling and drinking whiskey on Saturday, then sweating it out in the pulpit on Sunday—with the launch of The Reverend Sour Mash Whiskey.
Organic Valley Expands Product Portfolio With New Family First Milk Line
Organic Valley – America’s largest organic farmer-owned dairy cooperative – announced the expansion of its fluid milk portfolio with Organic Valley Family First.
Staghorn Opens Largest All-New Independent Distillery in Kentucky: Garrard County Distilling Co.
Atlanta-based premium spirits company Staghorn is pleased to announce the opening of its first distillery, Garrard County Distilling Co., which has officially begun production in Lancaster, KY.
Celebrity Chef Aldo Zilli Becomes the Face of Mis Amigos in the UK
British tequila brand Mis Amigos has announced celebrity Chef Aldo Zilli as its brand ambassador as they embark on a bold plan to put their bottles in the hands of mixologists behind cocktail bars across the globe.
Whiskey Pioneer Raj Peter Bhakta Returns to Rye, Doubling Down on Single Vintages
BHAKTA Spirits, the world’s preeminent House of Vintages, announced the launch of its inaugural rye vintage, BHAKTA 2013 Straight Rye Whiskey (SRP $149).
Taste Radio: When Straightforward Business Advice Isn’t What You’d Expect
Will Nitze, the founder/CEO of brain health-focused CPG brand IQBAR, shared candid takes on how to scale a food/beverage company, including those on funding (“bootstrapping is the worst thing you can do”), staffing (“how to build a $50M brand with a staff of six”) and retail (“choose channels that scale well).
Spirited Brands Launches Soke and Soula: Two Globally Inspired Low-ABV Canned Cocktail Brands
Spirited Brands Holdings, Inc. (Spirited Brands), a premium, female-owned beverage innovation company, announces the debut launch of its two new all-natural canned cocktails, Soke and Soula.
Uncle Nearest Holding Second Annual Old Fashioned Challenge to Raise $1.4 Million for Historically Underfunded Black Colleges and Universities
Uncle Nearest Premium Whiskey, the top-selling Black-owned spirits brand in the world, has announced the launch of its second annual HBCU Old Fashioned Challenge, a nationwide initiative to raise funds for Historically Black Colleges and Universities (HBCUs).
Corazón Tequila Releases the Expresiones del Corazón 2023 Collection
Corazón Tequila is thrilled to announce one of its most extensive Expresiones del Corazón Collections to date.