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Daily Archive: October 28, 2022

Cuervo Sees Premiumization, Price Increases Drive 20% Sales Hike

Grupo Cuervo has posted a 20% increase in net sales to approximately $581 million for its fiscal third quarter ended in September, with EBITDA up even stronger at 33% to $142 million. Continue reading →

Posted in News on October 28, 2022

Market Watch: Rum Players Aim To Boost The Aged Segment

The overall rum category has been stuck at under 25 million cases in the U.S. for some time, but bottlings at the premium end—particularly top aged selections—are increasing by double digits, albeit from a small base. Continue reading →

Posted in News on October 28, 2022

News Briefs for October 28, 2022

•Upscale rum brand Flor de Caña is opening a U.S. import company, Luxury Spirits International LLC, helmed by William Grant and Frederick Wildman veteran Marc Hirten as president. Continue reading →

Posted in News on October 28, 2022

Craft Brewing and Distilling News for October 28, 2022

•Graton, California’s Redwood Empire Whiskey, part of the Purple Brands portfolio, has released limited edition cask strength bottlings of its core Bourbon, rye, and blend of Bourbon and rye. Continue reading →

Posted in News on October 28, 2022