Data shows there were approximately 104,000 licensed premises at the end of September 2022—a net drop of 2,230 since June, which represents an average of just over 24 closures a day, or more than 150 per week. The decline leaves the licensed market with a 9.9% drop in sites since March 2020.
A celebrity tequila is joining the Pernod Ricard portfolio. On Monday, the company shared that it signed a deal to acquire a majority stake in Código 1530.
If the beer and cider industries had royalty, Greg Hall would be close to the throne. He spent 20 years as brewmaster at Chicago's Goose Island, where he created Bourbon County stout, one of the first bourbon-barrel-aged beers and one that remains a cult phenomenon to this day.
In a short documentary produced by Reuters, some of Ukraine's top winemakers shared the process of getting back to work following a months-long halt in wine production and trade following the Russian invasion.
The fine wine market goes into autumn 2022 after a particularly strong period of gains, although there has been greater uncertainty about momentum in recent weeks.
Amid fluctuating consumption trends and rampant inflation, alcoholic beverages are defying some CPG trends.
Daily news in the wine industry includes frequent stories of acquisitions, mergers and consolidation. Every now and then, one of these unions knocks the wind out of industry insiders and consumers alike, as they try to reconcile changes in a brand they have trusted for years or wonder what the future holds for their go-to wine.
In the U.S., the journey of beverage alcohol from producer to consumer travels through a three-tier system...
Gas prices are surging, inflation is rising, and glass supply chains are in gridlock. The result is escalating glass bottle prices in a market where the consumer demand for wine has outstripped the available supply of glass bottles, making it one of the biggest headaches for wineries and one of the hottest topics in the wine packaging world.
MIAMI & DALLAS--(BUSINESS WIRE)--Jun 6, 2022--Southern Glazer's Wine & Spirits (Southern Glazer's)--the world's preeminent distributor of beverage alcohol--today announced the retirement of Shawn Thurman, Executive Vice President, National Accounts, effective December 2022.