Continuing to bolster its adult non-alc (NA) portfolio, Constellation Brands has acquired a minority stake in Hiyo, a functional ready-to-drink tonic, the company announced today.
Constellation Brands is facing a federal securities class-action lawsuit from an investor who alleges the company shared false information about its positive outlook for its challenged wine and spirits division.
Another round of investors has gone batty for Brother's Bond Bourbon, the whiskey brand founded by co-stars of the teen TV drama series Vampire Diaries.
Despite inflationary concerns, consumers continue to spend money in the on-premise, according to a recent report from the Bank of America Institute.
Ready-to-drink (RTD) cocktails may be one way through the bourbon glut, according to Bardstown Bourbon president Pete Marino.
Southern Glazer's Wine & Spirits (SGWS) has consistently charged independent retailers as much as 12% to 67% more than national and regional chains for the same products, according to newly unsealed redactions in the Federal Trade Commission's (FTC) price discrimination case against the distributor.
American bev-alc suppliers are still in the crosshairs of a trade war. On Sunday, President Donald Trump reignited trade tensions with the European Union, threatening to bring back policies that hit American spirits exports hard in his first term.
Another major spirits group has blamed geopolitical instability for cutting its sales outlook.
Spirit suppliers got a brief reprieve when President Donald Trump delayed tariffs with Mexico and Canada on Monday, but the threat of a trade war has still hampered the growth outlook for one of the industry’s biggest players.
President Donald Trump’s plans to levy 25% tariffs on goods imported from Mexico and Canada have been postponed, temporarily averting a trade war that put American alcohol in the crosshairs.
Pinhook Bourbon has pulled in $10.5 million from undisclosed private equity and family office investors to support the expansion of its sales and marketing teams and strengthen consumer engagement through experiential marketing.
Leading spirits brand Tito’s Handmade Vodka plans to leave Republic National Distributing Company (RNDC) for Reyes Beverage Group in California. The announcement comes after RNDC filed notice to lay off at least 60 of its staff in the Golden State.
The U.S. Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) has proposed new rules for nutrient and alcohol content labeling on wine, beer, and spirits.
Total bev-alc retail sales reached $112 billion in 2024 but, excluding ready-to-drink (RTD) beverages, no category saw growth in dollars or volume, according to market research firm NIQ.
