Spirits

Diageo and Diddy Settle Racial Discrimination Suit

Diageo and Diddy Settle Racial Discrimination Suit

After nearly nine months of an ugly public legal battle, Sean “Diddy” Combs and Diageo have settled disputes over allegations from the music mogul that the brands he collaborated with Diageo on— Cîroc Vodka and DeLeon Tequila— received worse treatment because of his race.

The Drivers Shaping RTDs, Spirits and Non-Alc in 2024

The Drivers Shaping RTDs, Spirits and Non-Alc in 2024

We checked in with a data analyst, consultant and major retailer buyer on the drivers they are watching in 2024, including what investors will be looking for, where there might be white space in hot categories, and how retailers are making buying decisions.

Cocktail Flavor Trends in 2024: Vegetal, Cultural and Global

Cocktail Flavor Trends in 2024: Vegetal, Cultural and Global

From the continued rise of the espresso martini to savory cocktails, 2023 was a year of bold flavors at the bar, so what’s in store for 2024? We polled experts in spirits, flavor innovation and mocktails about what trends are on tap for cocktails and ready-to-drink versions.

How Brands Are Addressing Non-Alc’s Biggest Barriers

How Brands Are Addressing Non-Alc’s Biggest Barriers

Despite non-alc’s momentum, only 26% of the U.S. consumers moderating their alcohol say they are drinking no-alcohol alternatives to their favorite full-strength drinks, citing barriers around taste and lack of availability, according to a recent report from bev-alc data firm IWSR.

Boisson: Non-Alc Retailer Lands Backing From Pernod Ricard’s Venture Arm, Adds New CEO

Boisson: Non-Alc Retailer Lands Backing From Pernod Ricard’s Venture Arm, Adds New CEO

As the momentum behind zero-proof drinks shows no signs of abating, leading non-alc retailer Boisson is taking steps to secure its place within the expanding category, bringing on a new CEO and announcing today that has received funding in a $5 million bridge round from Convivialité Ventures, the VC arm of Pernod Ricard, and Connect Ventures.

Bacardi Acquires Ilegal Mezcal

Bacardi Acquires Ilegal Mezcal

Bacardi Limited has jumped fully into the mezcal game and acquired Ilegal Mezcal, the company announced today.

Beam Suntory: Sales Up in H1 2023; Slowdown in U.S.

Beam Suntory: Sales Up in H1 2023; Slowdown in U.S.

Beam Suntory reported a 10% rise in net sales for the first half of 2023, driven by ready-to-drink (RTD) brands and the company’s premiumization strategy, but nevertheless did face performance struggles in North America.

Does Blue Run and Molson Coors Deal Signal More Spirits M&A?

Does Blue Run and Molson Coors Deal Signal More Spirits M&A?

Molson Coors made headlines this week when it announced that it agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business.

Molson Coors Set to Acquire Blue Run in First Spirits Acquisition

Molson Coors Set to Acquire Blue Run in First Spirits Acquisition

Molson Coors has agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business. The amount was not disclosed.