Pernod Ricard: Sales Up 13%; U.S. Decline Expected
Pernod Ricard net sales grew +13% to $13.2 billion in FY 2023, but in its earnings report today the liquor company warned that sales would soon see a decline in China and the U.S.
Rabobank: M&A Slowdown Will Lead Buyers, Sellers to Rethink Deal Strategy
Although M&A activity may have slowed amid economic uncertainty over the past year, it’s hardly an anomaly. However, a new report from Rabobank, titled “The New Deal Environment,” says that slowdown means potential buyers and sellers may have to significantly rethink how they approach deals going forward.
Where Will Instacart Go After The IPO? Grocery Experts Weigh In
Instacart’s IPO filing last week signaled many things – a bit of upward momentum in the overall IPO market, inklings of the potential direction e-grocery is heading and an unexpected, developing relationship with PepsiCo. But questions still remain about the future direction of the grocery-tech giant’s growth.
Brown-Forman: Global Sales Up 3%; Ad Spend Up on Jack & Coke Launch
Brown-Forman net sales increased 3% to $1 billion in Q1 FY 2024, but took a hit in the U.S. due to slower whiskey sales, supply chain challenges, and rebuilding inventory.
Tech Startup Nets VC Funding To Build Dealcoholization Innovation
The sober curious movement has graduated from buzzy trend to industry mover with brands like Captain Morgan going zero-proof and investment flooding into new non-alcoholic brands. Now, technology companies are…
New Beverage Showdown: Pitch Your Beverage Startup at BevNET Live Winter 2023
Peek into the future of the beverage industry by watching startup brands pitch their products at BevNET’s New Beverage Showdown, taking place during BevNET Live on December 4 + 5 in Marina del Rey, CA.
Survey: Sexism in the Whiskey Industry Prevalent
A staggering 70% of women working in the whiskey industry have experienced sexual harassment while on the job, a new survey of over 600 women reports.
Taste Radio: When The Sustainable Path Is A Billion-Dollar Opportunity
Shadi Bakour, the co-founder and CEO of PATH, a bottled water brand that uses refillable aluminum containers, spoke about how he convinced retailers and investors that there was an unmet need for the brand, the game changing impact of relationships with San Francisco Airport retailers and Natural Products Expo West, the value of licensing deals with Barbie and TMNT, and PATH’s $30 million Series A funding round.
Upscale, Multi-Serve & Global: Wolf Spirit Distillery Launches RTDs
With ready-to-drink UPC proliferation nearing 7,000 items, how does an independent spirits company find a niche on the shelf - especially when starting from scratch? For Wolf Spirit Distillery, an Oregon-based spirits producer, the opportunity lies in upscaling a version of a cocktail people already love, and possibly upping the size too.
Paper For Plastic: PepsiCo Drops Plastic Ring Packaging
PepsiCo is moving on from plastic rings to recyclable paperboard for its 6-pack packages as it innovates its supply chain under its pep+ sustainability initiative.
Spirits: New Releases From Hemingway, Jack Daniel’s, Wolves, Brugal and More
In this roundup of notable new spirits, Colorado-based Root Shoot announces the launch of its first completely locally sourced spirit, Kenny Chesney’s Blue Chair Bay celebrates its 10th anniversary with a new LTO and Jack Daniel’s introduces the latest addition to its Single Barrel Special Release Collection.
Instacart Files IPO on Nasdaq
Instacart filed for its initial public offering (IPO) on Friday, as the grocery delivery leader aims to create a "truly omni-channel experience" across physical and online stores.
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.