Brown-Forman US Sales Up 3% in H1 Despite Jack Daniel’s Decline
Brown-Forman's sales declined 1% globally for the six months ending October 31, but in the US, sales were up by 3%. The company's solid US performance was attributed to sales increases for its bourbon and Tequila offerings, including Woodford Reserve, Old Forester,...
Off-Premise Retailers Expecting Robust Holiday Sales
Nearly half of off-premise retailers predict significantly higher beverage alcohol sales this holiday season, according to a retailer survey from Drizly. 63% of respondents said they expect sales to at least match a typical fourth quarter, while 44% predict sales will...
Rémy Cointreau Sells Stake in Passoã for $96 Million
French drinks group Rémy Cointreau has ended its relationship with Passoã, selling its shares of the brand to Lucas Bols in a deal worth $96 million. The move has been in the works since a joint venture between Remy and Bols was established in December 2016....
Industry Experts Predict Purchasing Shifts for Holiday Season
It’s been an unpredictable year and the holiday season will likely be no different, but that's never stopped anyone from making predictions. In this case, Drizly's Bev Alc Insights division spoke to retailers, wholesalers, and brand leaders about what they're...
November Update: State Reopening Tracker
Earlier this fall, states were trending toward fewer restrictions for bars and restaurants in the US, but a surge in COVID-19 cases has states trending in the other direction for November, per the Park Street State Reopening Tracker. Since the last update to the...
Industry Rallies to Extend FET Reduction Before End of Year
Congress is back in session and the alcohol industry snapped into action to try and permanently extend legislation lowering the federal excise tax rate (FET). In 2017, Congress passed a bill known as the Craft Beverage Modernization and Tax Reform Act that reduced the...
US Expected to Overtake China as Largest Online Alcohol Market
The US is forecast to overtake China as the world’s largest online alcohol market by the end of 2021. Moreover, total alcohol e-commerce value in the US is expected to grow six-fold between 2019 and 2024, according to IWSR projections. The overall value of the online...
Rum Co. of Fiji and Broken Shed Form US Partnership
Super-premium New Zealand vodka Broken Shed will begin a partnership with premium rum brand Rum Co. of Fiji, effective December 1, 2020. The partnership allows Rum Co. of Fiji to expand its US distribution in California by collaborating with Broken Shed's sales force....
Food & Beverage Rank No. 3 in Holiday Shopping Preferences
38% percent of US consumers are planning to spend less money this holiday season, according to Deloitte's annual holiday retail survey. However, food and beverage ranks as the No. 3 most popular category for spending with 65% of shoppers indicating they will spend on...