News Briefs for February 25, 2022February 25, 2022
•County Wicklow, Ireland’s Glendalough Distillery has announced a new single malt whiskey finished in Japanese Mizunara oak, set to hit shelves next week. The 7-year-old single malt is bottled at 46% abv. Glendalough 7-Year-Old Single Malt Mizunara Finish will be available in select locations across the U.S. beginning February 28 for a suggested price of $100 a 750-ml.
•Opici Wines & Spirits is extending its Napa Valley wine brand The Critic with a Chardonnay varietal. Retailing at $20 a 750-ml., The Critic Chardonnay is harvested in late September and aged in oak for at least six months. It will be available at restaurants and fine wine stores nationwide, joining The Critic Cabernet Sauvignon in the brand’s range. Along with the new wine, Opici has debuted a fresh look for the brand, with a revamped label featuring an antique calligraphy pen.
•For fiscal year 2021, AB InBev reported $54.3 billion in revenue, up 15.6%, with organic EBITDA growth of 11.8% to $19.2 billion. Total volume for the year was up 9.6% with beer brands growing by 9.7% and the rest of AB InBev’s portfolio up 8.7%. In North America, the company pointed to the success of Cutwater cocktails, which saw triple-digit growth, and the sustained success of Michelob Ultra. EBITDA for North America was at $6.1 billion for the year. Globally, AB InBev noted that Budweiser, Corona, and Stella Artois contributed significant gains (+22.9%) outside of their home markets.
•Brown Water Spirits, the maker of O.H. Ingram River Aged, is expanding the whiskey brand into the Minnesota market. Ingram River Aged is currently available on shelves in Kentucky, Louisiana, Minnesota, and Tennessee, as well as online. The range includes Ingram River Aged Straight Whiskey, Straight Rye, Flagship Bourbon, and Straight Bourbon Whiskey, all aged on a proprietary floating rickhouse moored in Ballard County, Kentucky.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.