News

Pronghorn Backs Three More Black-Owned Brands

Investment firm Pronghorn, an initiative focused on boosting Black entrepreneurship in spirits, announced yesterday new investments in three more spirit companies: Abisola Whiskey, Los Hermanos Tequila 1978, and Alexander James Whiskey. Terms of the deals were not disclosed.

Taste Radio: It’s Controversial… Till It Makes Money. Plus, A Sip Of Slane And Eggo Cream.

Is it groundbreaking or headed for infamy? The hosts sample several new products made with controversial (or, perhaps, objectionable) ingredients and flavors and assess the mainstream potential for each. This episode also features an interview with Alex Conyngham, the co-founder of Slane Irish Whiskey, who discussed the duality of building a modern brand that’s rooted in tradition.

Data: Luxury Spirits Decline; RTDs Up On-Premise

Moderate and declining spirit trends continued over the first half of 2023, leaving the category slightly down against the backdrop of inflation-weary consumers looking for high quality deals, according to a new report.

Analysis: Inside the Waterloo Tidal Wave

Waterloo has not yet met its Waterloo. In fact, it’s making more like early season Napoleon, conquering territory and building the empire.

Lotus Beverage Alliance Delivers End-to-End Turnkey Solutions for Distillers

Lotus Beverage Alliance, a collective of experienced craft beverage equipment manufacturing companies, announced its turnkey, end-to-end suite of hardware, software, and financing solutions to help distillers quickly and cost-effectively expand into the Ready-to-Drink (RTD) canned cocktail sector.

Design: Mayawell’s Makeover Aims To Meet Category Evolution

When Mayawell began building the identity for its prebiotic better-for-you soda in 2019, the category was still fairly nascent. Now, only four years later, consumer familiarity and well-established category leaders have inspired the brand to lean into its product’s more compelling attributes.

Data: Dollar Sales Up for RTDs & FMBs As Overall BevAlc Vol Slows

Volume growth decelerated on a sequential basis across beer, wine, spirits and flavored malt beverage categories, while holding relatively steady across hard seltzer in the two-week period ending August 12, according to an analysis of NielsenIQ data by Goldman Sachs Equity Research.

Golden Tiger Launches New Hibiscus Flavor

With Golden Tiger's sales on the uptick, they've launched a new flavor: Golden Tiger Turmeric Lemonade, Hibiscus. This is the first new flavor the brand has launched over the past few years.

RyPax and CelluComp Produce All Fiber Bottle Solution

Two entrepreneurial leaders in the fiber packaging industry are collaborating to introduce the very first all-fiber bottle solution with an interior coating that offers a biodegradable and renewable solution for one of the most widely-used packaging designs on the planet.