Triple-Digit Growth Helps Drizly Secure $50 Million in Funding
Drizly, one of the leading alcohol e-commerce providers, has closed a $50 million funding round led by investment firm Avenir. Drizly has grown over 350% in 2020 and doubled the number of retail partners on its platform since January 1. The deal comes as consumers...
DISCUS Study Provides Motivation for Craft Distiller Relief
Distilled Spirits Council of the United States (DISCUS) and the American Distilling Institute released a study today showing that US craft distillers have furloughed around 4,600 employees and reductions in business have cost over $700 million in annualized losses....
Distill Ventures Invests in Rheinland Distillers
Distill Ventures has acquired a minority stake in producer Rheinland Distillers. Rheinland was founded by Raphael Vollmar and Gerald Koenen in 2014 and is known for producing Siegfried Dry Gin and alcohol-free gin Siegfried Wonderleaf. The funding will allow Rheinland...
Diageo Acquires Aviation Gin for Up to $610 Million
Diageo has reached a deal to add Aviation American Gin — co-owned by actor Ryan Reynolds and Davos Brands — to its portfolio. Diageo will pay up to $610 million to acquire Aviation as well as Davos's other brands Astral Tequila, Sombra Mezcal and Tyku Sake. Reynolds...
Ready-to-Drink Cocktails Soar 100% in Recent Nielsen Report
Off-premise alcohol sales were up 17.5% for the week ending on August 1, according to the latest Nielsen report. Spirits led the way, up 29%, followed by wine at 17.3% and beer/flavored malt beverages/cider up 13.9%. Ready-to-drink cocktails are holding steady as the...
US Maintains 15% Tariffs on Despite Increased Loan Repayments
The US isn't budging on the existing 25% tariffs on various EU food, wine, and spirits, even after Airbus — the initial source of the long-standing conflict — made a move to appease the US last month. However, the US did not follow through on threats to add tariffs to...
Zamora CEO on Investing in Digital Marketing, Importance of On-Premise
In a recent interview, Zamora Company CEO, Emilio Restoy, said the company will suffer a loss in revenue this year, but it is investing heavily in digital marketing, tastings and the off-premise in order to come out of this period "stronger than [they] were before...
Pernod Bolsters Position in US with American Whiskey Play
French firm Pernod Ricard has big ambitions for American Whiskey after an acquisition spree last year that included Texas‐based Firestone & Robertson Distilling Co, Kentucky Bourbon producer Rabbit Hole, and Castle Brands. The acquisitions are part of Pernod...
The Amount of Consumers Returning to On-Premise Plateaus
The number of consumers willing to go back to on-premise have plateaued in the US as visitation to bars and restaurants has been flat for three weeks, according to the latest Nielsen CGA data to August 5. Although 82% of those returning to the on-premise felt...