News Briefs for August 12, 2022August 12, 2022
•Los Angeles-based distributor Winc reported financial results for the quarter ended June 30, 2022 in which total net revenue was flat at $17.6 million. That lack of change belies a shift within the company’s revenue mix, as wholesale revenue jumped by 32% compared to the same period last year. Wholesale revenue reached $6.3 million while DTC revenue fell 12% to $11.1 million. Winc logged a net loss of $4 million for the quarter. “The strength of our growth in wholesale during the second quarter continued to reflect solid execution against core strategies for expanding our business and leveraging the power of our unique omni-channel platform,” said CEO Geoff McFarlane.
•The Dalmore has added a new 14-year-old single malt to its portfolio of Scotch whiskies. The new expression is exclusive to the U.S. market and will be available beginning in September. The 43.8% abv whisky is finished in Pedro Ximénez casks from Gonzalez Byass and will be a permanent addition to the whisky brand’s Principal Collection, which also includes the Dalmore’s 18-year-old malt and King Alexander III whisky, among other expressions. In the U.S., the Dalmore is handled by Spirit of Gallo.
•Indianapolis, Indiana’s Mom Water has expanded its distribution footprint, adding 10 new in-person retail markets alongside 15 other new states through online retail. The brand’s new in-person markets are Maryland, Washington D.C., Tennessee, Missouri, Arkansas, Wisconsin, Arizona, Minnesota, Virginia, and Mississippi. This expansion will bring the company’s portfolio of fruit flavored vodka-infused still water to a total of 35 states by the end of the month. The line comes in four flavors and is canned at 4.5% abv with 90 calories per serving. Mom Water is currently available in 4-packs of individual flavors and variety 8-packs.
•Minneapolis, Minnesota-based Fresh Vine Wine is launching Brut Rosé Sparkling Wine. The new release marks the seventh varietal in its line-up of lower carb, lower sugar, lower calorie offerings. It’s available now at select retailers with nationwide distribution upcoming. It’s also available from the company’s website and other e-commerce retailers for $25 a bottle. Fresh Vine was founded last year by actresses Nina Dobrev and Julianne Hough.
•Sydney, Australia-based super-premium coffee liqueur brand Mr Black is launching a limited-edition collaboration with Ilegal Mezcal. The new release is Mezcal Cask Coffee Liqueur, which was rested for three months in Ilegal’s American Oak barrels, themselves shipped from Oaxaca to Australia. After aging, Mr Black fortified the liquid with fresh joven mezcal. Only 15,600 bottles were produced and it will retail for $50 a 750-ml. Mezcal Cask Coffee Liqueur is currently available online and will hit stores in key markets nationwide September 1.Subscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.