E. & J. Gallo is continuing its acquisition streak with Bev, a Los Angeles-based canned wine and spritz brand. The transaction comes two years after the spirits and wine group secured exclusive U.S. distribution rights to Bev’s portfolio.
Stoli has announced Miguel Cedeño-Cruz as its new master distiller for ultra-premium tequila, Cenote Tequila, where he will be responsible for overseeing the production processes, quality control and strategic development of the brand.
What parallels exist between music, food and beverage and how can they inform entrepreneurs about innovation strategies? The hosts look to legendary music producer Rick Rubin for answers. We also discuss trends from behind the bar with the 2023 USBG World Class bartender of the year Renato Tonelli and Julie Reiner, the owner of world renowned NYC cocktail restaurants The Clover Club and Leyenda.
In this week’s new products roundup, Heywell collaborates with convenience store chain Foxtrot to create a new Cherry Limeade flavor, GNC drops its first hydration and performance product and Swoon and Splenda get into the summer spirit with new iced tea launches.
With investors, lenders, investment bankers and brand strategists taking the stage, BevNET Live features key panelists who will offer advice around the bottom line financial needs of growing beverage companies.
After a $5.6 million investment on Wednesday, Reed’s leadership expressed optimism during its Q1 earnings call that it will achieve cash flow positive by the end of year reporting cost cutting measures have improved margins.
Functional non-alc spirit Aplós closed a $5.5 million Series A as it aims to expand its retail presence while maintaining its sophisticated appeal in high-end cocktail bars and fine dining restaurants.
Health and wellness-focused CPG investment firm Selva Ventures announced this week it has closed a $34 million raise for its second fund, which included backing from Unilever Ventures, PagsGroup and Obelysk as well as existing investors.
In a move signaling confidence in tequila’s continued ascent, Brown-Forman Corporation is pouring $200 million into expanding its historic Casa Herradura tequila distillery in Jalisco, Mexico to meet soaring global demand.
Community Call is a recurring series of discussions addressing timely topics within the food and beverage industry. This month, we welcome a range of guests covering topics such as demand planning, event marketing, and finding the right valuation of your business for fundraising.
Chamberlain Coffee, the ready-to-drink and bagged coffee brand founded by YouTube star Emma Chamberlain, this morning announced it has closed a $7 million funding round led by existing investors Blazar Capital, United Talent Agency and Chamberlain herself.
Music mogul and entrepreneur Sean “Diddy” Combs is suing business partner Diageo today alleging that the brands he co-owns with the spirits group, Cîroc Vodka and DeLeon Tequila, were given worse treatment because he’s Black.
Dollar sales in the two-weeks slowed from 8.7% improvement in the four-week period and +11% for the 12-weeks. Volume sales fell -4.7% in the two-week period (-3.9% for four-weeks) and average pricing “remained robust and accelerated slightly,” up by 12.9% (+12.6% for four-weeks) according to the report.
Spirits group Bacardi is close to an approximately $200 million deal to purchase Ilegal Mezcal, according to reporting in Bloomberg Finance. The group bought an unspecified minority stake in the major mezcal brand in 2017, granting it national distribution.
