RTD “Hot Brands,” Part Two: New Contenders Rising Fast
While many of the spirits industry’s heavyweights have leveraged the trend toward canned cocktails, competitors from the beer business as well as all-new startups are also gaining ground in the category, as reflected by the deep ranks of Impact’s RTD “Hot Brands” roster. Continue reading →
Posted in News on June 2, 2023News Briefs for June 2, 2023
•Maison Joseph Drouhin has purchased two estates in Burgundy, totaling nearly 50 acres of vineyards: Château de Chasselas in the St.-Véran appellation and the Rapet estate in St.-Romain. Continue reading →
Posted in News on June 2, 2023News Alert: Gallo Acquires Bev Brand Of Canned Wines, Spritzers
E. & J. Gallo Winery has acquired the Bev brand and its portfolio of premium canned wines and spritzers for an undisclosed sum. Continue reading →
Posted in News on June 2, 2023Longtime Partners Diageo, Sean Combs At Odds, As Latter Files Suit
Sean “Diddy” Combs and Combs Wines and Spirits LLC have filed a lawsuit against Diageo in New York state court, alleging that the spirits giant neglected to properly promote DeLeón Tequila and Cîroc vodka, two brands on which it’s partnered with Combs. Continue reading →
Posted in News on June 1, 2023Rémy Cointreau Posts Strong Full-Year Numbers, Expects U.S. Turnaround Later This Year
Rémy Cointreau has posted sales up 10% organically to €1.5 billion ($1.66b) for its fiscal year ended in March, with current operating profit growing 16% to €430 million ($460m). Continue reading →
Posted in News on June 1, 2023WSWA Flags Depletions Decline In First Quarter
SipSource, the Wine & Spirits Wholesalers of America’s database of depletions data, has released a new report showing a decline in both wine and spirits depletions for Q1 2023, with spirits down -5.1% and wine down -7.4% compared to year-end 2022. Continue reading →
Posted in News on June 1, 2023
