Good Morning, and Happy Wednesday! It's November 1, 2023

A-B InBev Revenue Up 5%, Profit Gains 3%

Anheuser-Busch InBev reports total revenue in the third quarter rose 5% with revenue per hectoliter growing 9%. But that growth was far outpaced by a 15.1% growth in ABI's global brands – Budweiser, Stella Artois, Corona and Michelob outside their home markets.

Michter's Named World's Most Admired Whiskey, First American Brand To Receive Industry's Highest Honor

For the first time ever, an American distillery has taken home the highest honor in whisky. Michter's, a Louisville-based bourbon and rye producer, eclipsed the biggest names from Scotland, Japan, Ireland, and beyond to rank first overall in the newly-released 2023 World's Most Admired Whiskies top 50

September Champagne Sales Drop 21.2%; Working Conditions Scandal Cited

Septembere sales in champagne have falle n 21.2% from a year earlier after the public learned that two people died while picking grapes and a prosecutor opened two cases of human trafficking over working conditions. The Champagne Committee issued a press release addressing the harvest problems.

On-Premise Positive in Countdown to Holidays

The outlook for the final quarter of 2023 is positive, with frequency of visits to On Premise venues remaining consistent across the past six months, according to the latest US On Premise Impact Report from CGA by NIQ. This includes four in five consumers visiting three or more times during

Fox Run Opens New Winemaking Facility

Fox Run Vineyards, Penn Yan, NY, cut the ribbon on a new winemaking facility that is 9,000 square feet inside and 10,500 square feet in total. All together Fox Run invested $1.5 million to make the project happen. The new space offers 50% more space.

Diageo Unveils Special Releases Collection

Diageo unveils its Spirited Xchange Special Releases Scotch Whisky Collection celebrating the journey of Scotch, countries and cultures around the world. The Special Releases collection is an annual collection of eight rare and collectible Single Malts carefully selected by Master Blender Dr. Stuart Morrison.

Martinis See Renaissance as No/Low Alc Advance

The Martini renaissance is far-reaching and has implications beyond standard ingredients like vodka, gin, and vermouth. The rise of Martinis may seem counterintuitive considering the simultaneous acceleration of low- and non-alcoholic products, plus overall wellness trends.

Movers and Shakers --

Martinelli Vineyards & Winery hires Bill Smart as general manager. He joins from Limerick Lane Winery where he was general manager.

Thanks for Reading. We'll see you tomorrow. – Joel