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

News Briefs for April 29, 2020

April 29, 2020

•If Vintage Port is known for one thing, it’s the stringent way in which its producers choose to declare a vintage. Port houses typically only produce Vintage Port two or three times a decade. There were more than a few raised eyebrows when back-to-back general declarations (years in which essentially all the Port houses produce a Vintage Port) were made in 2016 and 2017. Now with a handful of houses declaring in 2018, history is being made. Wine Spectator has the full story.

•Louisville, Kentucky-based Michter’s has announced the 2020 release of its annual 10-year-old Bourbon. The whiskey will be available in limited quantities beginning in May for a suggested price of $130 a 750-ml. The highly allocated whiskey joins Michter’s Bourbon, Rye, Sour Mash, and American whiskey, plus limited releases, in the brand’s portfolio. Last January, Michter’s opened a new distillery and visitor experience in Louisville.

•Chicago-based Ritual, the company behind a range of zero-alcohol gin and whiskey alternatives, has entered a new category with alcohol-free Tequila. The spirits alternative is designed with Margaritas in mind and blends botanicals to create a drink that brings smoke, agave, peppers, lime, and guava flavors. Ritual’s spirits alternatives are available via Amazon and Ritual’s website for $25 a bottle. Diageo, via Distill Ventures, is a minority investor in Ritual.

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