Edrington Announces 32% Profit Growth
The global drinks group Edrington this week announced a full-year profit of +32% for the fiscal year 2016-17.
Edrington is well suited to benefit from the modern alcohol trends of craft and whisky. The company owns and produces a collection...
375 Park Avenue Spirits Named Exclusive Importer of Dictador Rums
375 Park Avenue Spirits has announced its agreement with Colombian luxury spirits producer, Dictador, to act as the exclusive U.S. importer for the brand's aged rum portfolio.
Dictador rums are produced at Destilería Colombiana, located...
Diageo Buys Casamigos Tequila
Global Drinks giant Diageo has added to its premium tequila holdings buy purchasing Casamigos.
The purchase price is reportedly $1 billion.
The Casamigos brand was founded by actor George Clooney and his friend Rande Gerber after the...
6 Spirits Join Our Growth Brands Hall of Fame
Created in 2015, the Growth Brands Hall of Fame honors sustained growth in the beverage alcohol industry. Wine and spirit brands inducted into the Hall of Fame must have won at least 15 Growth...
Why Tequila Has a Bright Future
Tequila producers today have an enviable luxury problem: making sure there is enough of the classic Mexican spirit to go around.
Maintaining a steady supply during a time of unprecedented growth has been an important...
Pernod Ricard Purchases Majority Stake In Del Maguey Mezcal
Pernod Ricard has signed an agreement to take a majority stake in Del Maguey Single Village Mezcal.
The transaction is subject to usual condition precedents and is expected to close within 90 days.
Del Maguey Single Village Mezcal, founded...
Brown-Forman Reports 4% Sales Decrease In 2017
Brown-Forman, the drinks corporation behind Jack Daniel's and other global brands, this week reported a 4% dip in 2017 sales compared with last year.
Underlying sales declined from $4 billion to $3.9 billion. Net income was...
Why Flavored Vodka Has Finally Grown Up
Flavored vodka is finally growing up.
Which may seem like a funny thing to say about an integral part of the biggest spirits category.
Let’s say the segment is maturing — finding its essence and true...
Does Flavored Whiskey Help Or Hurt Flavored Vodka Sales?
The question of whether the rapid rise of flavored whiskey products is impacting the vodka category is open to interpretation.
Some believe the two are competing for the same customer, others think the spirits are...
NFL Will Allow Liquor Ads During Games
Beer has some new competition in football.
The National Football League announced this week that is has ended its ban on advertising for hard liquor. This will allow whiskey, vodka, rum and other spirits to promote products...