Daily Archive: August 1, 2023

Diageo’s Full-Year Sales Rise 6.5% To Nearly $22 Billion

Diageo has posted organic sales up 6.5% to £17.1 billion ($21.8b) for its fiscal year through June despite a volume decline of 0.8%. Continue reading →

Ole Smoky Enters Tequila, Adding Tanteo To Portfolio

Tennessee-based Ole Smoky, a million-case player in moonshine and whiskey, is entering the Tequila category with a deal to add the ultra-premium Tanteo brand to its portfolio. Continue reading →

Stella Rosa Kicks Off “Moments Made Sweeter” Campaign

Riboli Family Wines has launched a new marketing campaign for Stella Rosa, featuring country musician Lainey Wilson.

Continue reading →

News Briefs for August 1, 2023

•Loveblock, the New Zealand winery founded by Erica and Kim Crawford, is introducing a Sauvignon Blanc using green tea tannin extract as a natural preservative in replacement of sulfur. Continue reading →

Cresco Labs and Columbia Care Terminate $2 Billion Merger

Chicago, Illinois-based Cresco Labs and New York-based Columbia Care have mutually agreed to abandon the acquisition agreement that would have seen Cresco acquire Columbia Care in full. Continue reading →

Tilray Reports Record Earnings, Gains For Cannabis and Drinks Divisions

Leamington, Ontario-based Tilray Brands reported results for the quarter and fiscal year ended May 31, in which Q4 net revenue rose to a record $184 million, up 20% year-over-year. Continue reading →