With American whiskey on the rise, a major rye distiller was swooped up by an Italian spirits group, while veteran and new players in spirits made bets on U.K. brands finding success across the pond. We recap another busy week in spirits M&A.
Spirits-focused private equity group InvestBev has found its next partner.
Concluding an 18 year-run with the company in which he helped revive the Aperol Spritz, Bob Kunze-Concewitz, CEO of Campari Group, announced on Tuesday he will be stepping down from the Italian spirits company in April 2024.
Bacardi Limited has jumped fully into the mezcal game and acquired Ilegal Mezcal, the company announced today.
Sean “Diddy” Combs has won the first round in the lawsuit against Diageo alleging that his spirits brands received worse treatment because of his race.
Non-alcohol spirits, wine and beer now have a market value exceeding half a billion dollars in off-premise channels, according to a new NIQ report on the category.
The Macallan has locked up a stock of barrels. The well-known Edrington-owned Scotch whisky brand has completed an acquisition of the Spain-based Vasyma cooperage business, while also entering a joint-venture partnership with Ohio’s Coopers Oak to further deepen its supply chain
As new luxury tequilas aim to compete with those started by celebrity partners, one brand is hoping to carve out a niche in the segment by emphasizing what it doesn’t have.
If you’ve stumbled into a Chicago bar late at night, it’s likely you’ve been offered a shot of Jeppson’s Malört. Like Fernet to San Francisco, the Swedish-style liquor has become a bartender's handshake in the city and an unlikely regional icon. Now, hitting its 90th anniversary, the owners are building on its organic social media buzz, merchandise collection, and even its polarizing taste to push it into bars across the country.
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.
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.
The company behind leading ready-to-drink cocktail High Noon is bringing out a new contender: VMC, a tequila-based canned cocktail born from a partnership between world champion boxer Saúl "Canelo" Álvarez, Spirit of Gallo, and Casa Lumbre is set to release next month, the company announced today.
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.
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.
