Congress Expected to Make FET Reduction Permanent
Congress is expected to pass legislation tonight that will extend the Craft Beverage Modernization & Tax Reform Act (CBMTRA) permanently. The extension has been added to the larger year-end legislation necessary to fund the federal government into 2021. If it is...
State Restrictions Hamper On-Premise Traffic in December
The amount of consumers visiting the on-premise in the last two weeks dropped slightly to 50% after hitting 54% in November, likely due to tighter restaurant restrictions, according to a Nielsen CGA. 16% of consumers visited the on-premise for a drinking occasion in...
Off-Premise Retailers Reflect on 2020 Trends, Challenges
The speed at which consumers transitioned most of their alcohol purchases to the off-premise during COVID-19 made for a massive learning curve for retailers. Mark Watch spoke to retailers around the country to hear how their businesses adapted, the brands that flew...
Möet Hennessy Takes Stake in WhistlePig
Möet Hennessy has agreed to add WhistlePig to its spirits portfolio in exchange for a minority stake in the company. WhistlePig's successful launch in the UK led it to seek a partnership that would facilitate more rapid and profitable international growth....
Chefs Share Their Food & Dining Trend Predictions for 2021
Food & Wine has released an extensive list of dining trends for 2021 based on predictions from chefs around the country. The chefs weigh in on everything including business strategies, consumer preferences, and types of cuisine they expect will be popular in the...
Spirit Hub Debuts Nonprofit to Provide Financial Aid to Independent Distillers
Spirit Hub has launched a nonprofit organization to provide financial assistance to independent distillers through a grant program. The Spirits Hub Independent Distillery Preservation Fund is managed by an independent board of craft distillers and industry...
How to Stand Out in Saturated Markets
Entrepreneurs often grapple with how to make their products more enticing than their competition and, if direct competition is limited, more enticing than alternative uses of their consumer’s time. In order to stand out, entrepreneurs should aim for products that look...
Irish Whiskey Expected to Overtake Scotch in US by 2030
Irish whiskey was the fastest-growing spirits category in the world for the past decade, and the US is the world’s largest market for Irish whiskey, representing 42% of all sales last year. Looking to the future, Irish whiskey sales in the US are expected to surpass...
UK Announces Suspension of Tariffs on US Goods
The UK has announced it will suspend retaliatory tariffs on US goods, including rum, brandy and vodka, in an attempt to de-escalate the trade conflict over aircraft subsidies.The suspension of the tariffs will go into effect on January 1, 2021, the day after Britain's...