E&J Gallo to Acquire RumChata Liqueur
E. & J.Gallo Winery's Spirits Division has announced plans to acquire Agave Loco, the parent company of cream liqueur brand RumChata. The terms of the deal also include the company’s other brands, The Tippy Cow and...
The Difference Between Front and Back-Office
One of the most frequently asked questions at Park Street is “What is the difference between front and back-office tasks?” Front-office tasks deal with any aspects of the business that directly correlates with revenue...
A Look at the Off-Premise as Category Laps 2020 Pantry Loading Period
This time last year, the U.S. had just declared a national emergency around COVID-19 and “panic-buying” and “pantry loading” were added to our vocabulary as an industry. As we lap the initial weeks of the pandemic, alcohol...
The Most Common COLA Mistakes to Avoid
One of the first hurdles in getting a brand to market in the U.S. is the Certificate of Label Approval (COLA) process. A COLA is required from the Alcohol and Tobacco Tax and Trade Bureau (TTB) for any wine above 7% ABV and...
Understanding The Craft Beverage Modernization and Reform Act
Alcohol producers shared a collective sigh of relief in December when Congress made the Craft Beverage Modernization and Tax Reform Act (CBMA) permanent in its year-end funding legislation package after extensive lobbying...
Southern Glazer’s Wine & Spirits to Acquire Epic Wine & Spirits
Southern Glazer’s Wine & Spirits has acquired certain assets of Epic Wine & Spirits, the distribution division of Foley Family Wines. Simultaneously, Foley Family Wines signed a national distribution agreement with...
The Celebrities that Entered the Alcohol Business in 2020
The alcohol category has long been a target of opportunity for celebrities looking for a spokesperson role, but some major successes and payouts of late have driven a number of famous personalities to seek investment and...
IWSR Predicts Key Wine Trends That Will Drive Growth in 2021
While global wine consumption was significantly impacted by COVID-19 in 2020, it’s expected to see a big bounce back in 2021 and four key trends are likely to drive the market, according to analysis from IWSR. The shift to...
Q4 Product Approvals Hint at Trends to Come in 2021
The final quarter of 2020 saw a few noteworthy trends in label approvals from the TTB, according to research firm bw166. Below are a few key category trends as indicated by product approvals. Lemonade-flavoring is ticking...
Silicon Valley Bank Predicts Rebound in Wine Demand in 2021
Silicon Valley Bank (SVB), one of the largest providers of financial services to wine producers, has released its 2021 State of the Wine Industry Report. The annual report predicted a strong consumer demand that gains...
How 2020 Transformed the US Alcohol Industry
The pandemic certainly altered how consumers buy alcohol in the US in the short term, but will there be any lasting changes to the beverage alcohol category? Drizly's Bev Alc Insights team spoke to industry experts who...
Accessing the Impact of the $810M Gallo & Constellation Deal
Earlier this month, E&J Gallo and Constellation Brands finalized an $810 million mega-deal. The acquisition included 30 wine brands and five wineries, and was negotiated with the Federal Trade Commission for more than a...
The Demographic Trends That Will Drive Alcohol Consumption in the Future
The profile of alcohol consumers in the US has significantly changed over the last decade, according to research from Rabobank. Most notably, the average alcohol consumer is aging, with people over 50 accounting for 39% of...
Constellation Sells Paul Masson Brandy to Sazerac for $255M
Constellation Brands has reached an agreement to sell Paul Masson Grande Amber Brandy to Sazerac for approximately $255 million. Paul Masson sells two million cases annually and is one of the world’s largest brandy brands....
Dimensional Insight’s Nancy Berkowitz Talks Inventory Management in a Pandemic
What is it that Dimensional Insight does and what is your role there? I’m the Industry VP for Dimensional Insight, so my role at a 40,000 foot view is to make sure that everybody is happy, and that we provide what our...
Investments in Non-Alcoholic Spirits On the Rise
The non-alcoholic spirits category has gained steam in recent years thanks to the rising global trend of health and fitness. The no- and low-ABV sector has grown 506% since 2015, according to Forbes. The trend took off in...
How States Handled COVID-19 in December
As winter began and COVID cases in the US surged to new highs, states across the country continued to tighten restrictions on restaurants and bars, per the Park Street State Reopening Tracker. For December, 17 states...
RNDC Acquires Opici Family Distributing of Florida
Republic National Distributing Company (RNDC) has announced an agreement to purchase Opici Family Distributing of Florida, Effective March 1, 2021. RNDC will also distribute Opici Wine and Spirits in Florida, Texas,...