Tag Archive: Sazerac

Exclusive: High Noon, Crown Royal Push U.S. Spirits Market To 29th Straight Increase

While conditions have been difficult in the U.S. market over the past year, the spirits category posted its 29th consecutive annual gain by volume, with depletions up 2.5% to 306.6 million 9-liter cases, according to Impact Databank. Continue reading →

Duckhorn, Svedka, Horizon Lead Drinks Industry’s Biggest Deals Of 2024

Headlined by Duckhorn’s nearly $2 billion acquisition by private equity group Butterfly, 2024 has seen a number of significant mergers and acquisitions across the supplier and distributor tiers. They included big buys like Southern Glazer’s purchase of Horizon Beverage in New England and Sazerac’s moves for Svedka and Buzzballz, as well as a bevy of smaller deals transpiring around the business. Continue reading →

Impact Databank: Spirits Market To Rise For 29th Consecutive Year, Despite Slowdown

Despite nagging inventory issues, inflation concerns, and threats of new tariffs, the U.S. spirits industry is expected to post its 29th consecutive annual increase this year, according to the 2024 edition of The U.S. Spirits Market: Shanken’s Impact Databank Review & Forecast. Continue reading →

Constellation To Sell Svedka Vodka Brand to Sazerac

Constellation Brands has agreed to sell its Svedka vodka brand to Sazerac in an effort to push its wine and spirits portfolio toward the higher end of the market and get the troubled wine and spirits division back on track. Continue reading →

News Briefs for October 29, 2024

News Briefs for October 28, 2024