US Off-Premise Wine Sales Rise 30% in March
Total off-premise wine sales in the US surged 30% this March compared to last year, according to retail data from Nielsen and winery direct-to-consumer data from Wine Vine Analytics and Sovos ShipCompliant. Sales for wines priced $11 to $14.99 rose by more than 40%,...
IWSR Explores the Celebrity-Owned Tequila Trend
Tequila is currently one of the fastest-growing spirit categories in the US as consumption grew by 8.3% in 2019, according to IWSR. Premiumization has contributed to the growth, but a driving factor in the Tequila category's recent popularity is celebrities launching...
Constellation Brands Increases Stake in Canopy Growth
Best known for distributing Corona beer, Constellation Brands has exercised approximately $19 million warrants to purchase stock in Canopy Growth. Constellation now holds a 38.6% stake in the Canadian marijuana producer. “While global legalization of cannabis is...
Cuervo Owner Increases Stake in Conor McGregor’s Whiskey
Jose Cuervo owner Becle completed the purchase of an additional 29% stake in Eire Born Spirits (EBS), the company that owns and markets professional fighter Conor McGregor’s Proper No. Twelve Irish whiskey. The Mexican drinks group now owns a 49% stake in EBS. Net...
Nielsen CGA: Sales Velocity Slowly Recovering For On-Premise
The number of consumers ordering alcohol with takeout or delivery increased from 9% to 14% in the weeks ending in April 18 and April 25, according to a Nielsen CGA report covering New York, California, Illinois, and Florida. The report saw on-premise sales velocity...
Spirits Outperforming Wine and Beer in Off-Premise Sales
The week ending on April 18 saw off-premise spirit sales increase 3.2% from the previous week and 27.4% compared to the same seven-day period last year, according to data from Nielsen. Ready-to-drink (RTD) cocktails, tequila, and gin were among the most popular...
Campari Eyes Bigger Deals in Shifting Industry
Italian drinks company Gruppo Campari is setting its sights on bigger acquisitions following years of bolt-on deals. Last week, Campari entered exclusive negotiations with privately-owned French company Sarl Ficoma to buy 80% of the Lallier Champagne brand. With this...
Market Research Firms Look Ahead To New Phase of Consumer Behavior
As consumers prepare for the easing of pandemic restrictions, market research firms are examining potential behavior shifts. Consumers have reduced their number of regular shopping trips and increased their basket size, with IRI data showing that the basket size index...
Zamora Plans Ahead for On-Trade Recovery
As bars and restaurants began to reopen in China in March, Spanish producer Zamora Company saw an 80% recovery in volume sales by the start of April. While China is several months ahead of western Europe and the US, its turnaround is providing optimism for a swift...