Exclusive news and research on the wine, spirits and beer business

Daily Archive: May 9, 2023

Zero-Proof Spirits Gaining Traction As Major Players Enter The Category

Demand for zero-proof spirits is at an all-time high, buoyed by a new approach that ditches the all-or-nothing drinking mentality and encourages people to embrace alcohol-free spirits on their own terms. Continue reading →

Posted in News on May 9, 2023

MGP Adds To Brand Stable With Acquisition of Penelope Bourbon

MGP Ingredients has acquired the Penelope Bourbon brand for $105 million through MGP subsidiary Luxco. Continue reading →

Posted in News on May 9, 2023

News Briefs for May 9, 2023

•Woodinville, Washington’s Ste. Michelle Wine Estates has named Robert Carruthers as the company’s new vice president, east region. Continue reading →

Posted in News on May 9, 2023

Craft Brewing and Distilling News for May 9, 2023

•Tennessee’s B.R. Distilling has opened a new tasting room at the company’s Memphis distillery as well as opening the facility for tours. Continue reading →

Posted in News on May 9, 2023

Interview, Part 1: WSWA Leadership on Supporting Cannabis Legalization

The Wine & Spirits Wholesalers of America have officially supported federal cannabis legalization for years but have turned up the volume of late, with chairman Tom Cole calling on the drinks industry to join the cause during remarks at WSWA’s Access Live in April. Continue reading →

Posted in News on May 9, 2023

Cannabis Briefs for May 9, 2023

•Chicago-based Green Thumb Industries reported financial results for the quarter ended March 31, in which revenue fell 4% sequentially to $248.5 million. Continue reading →

Posted in News on May 9, 2023