[BND] Your Breakfast Briefing --
Good morning, and Happy Thursday. It's November 16, 2023.
This Economy Appears to Turn Old Rules on Bev/Al Stability Upside Down
We warned you months ago that the economic squeeze being face by middle- and working-class American families would take a toll on the alcohol beverage industry as well as nearly every other consumer goods category. It's worse than we expected. The old line that when times get tough, people
bw166 Sees U.S. Spirits Market Stabilizing Over Next 12 Months
That stabilization in the next 12 months depends upon consumers maintaining somewhat consistent consumption trends, bw 166 said. Once the market stabilizes, bw166 expects it will likely return to volume trends more like 2016 to 2019. From a value standpoint, we believe that pricing will continue to slowly move up
Crimson Wine Announces 'Significant Weight Reductions' in Bottles
Crimson Wine Group targeted additional glass weight reductions to lower its carbon footprint and introduces a distinctive new logo for bottles that reach the benchmark weight of 420 grams and below. Crimson has made significant strides in sustainability by reducing their bottle weights since 2018, achieving a remarkable 17% reduction
Winebow Imports Adds Paxton Wines to Portfolio
Family-owned Paxton Wines in McLaren Vale, Australia, a leader in both organic and biodynamic viticulture and winemaking, has joined the Winebow Imports' Pioneer portfolio, effective immediately. The Paxton Estate consists of approximately 200 acres of vineyards in McLaren Vale that are mainly on the Seaview Ridge. They are home to
Baker's Bourbon Unveils Metal Artwork Collection
Baker's Bourbon, an ultra-premium single barrel bourbon, unveiled an original collection of five distinctive art pieces as unique as the brand and its namesake. Titled, "Made Different," the collection of hand-sculpted metal artwork was created by acclaimed metal sculptor, Barbie The Welder, who found inspiration in the individualistic spirit that
OJOY Intros Sparkling Blanc, a Non-Al Wines
OJOY Wine Co. introduces Sparkling Blanc, the flagship offering in its collection of fine dealcoholized wines. Unlike other non-alcoholic wines that lack flavor and depth, Sparkling Blanc is "bursting with character and complexity, suited perfectly for the discerning palates of people who love wine," Ojoy says. "When I stopped drinking
Jeptha Creed Distillery, Shelbyville, Ky., unveiled it newest batch of Red, White & Blue bourbon, a limited-edition release benefitting veterans and their families. The Red, White & Blue bourbon bottle is a symbol of patriotism and gratitude towards the men and women who have served our country. A portion of the proceeds
Molson Coors Tells How It Turned Business Around, What's Next
Molson Coors Beverage Co.'s historic gains this year can be traced back to the progress it made and lessons it’s learned as it turned the business around over the last four years, Chief Commercial Officer Michelle St. Jacques said. And Molson Coors’ trends mark a structural shift in
WSWA's Access Live to Feature Hemp Beverage Brands, Former IBM Innovation Exec, Brand Competitions
Wine & Spirits Wholesalers of America announced the schedule for this year's Access Live convention and trade show. It features tasting competitions, a state of the industry report from WSWA Chairman Doug Shaw of M.S. Walker, and a talk by Linda Bernardi, former chief innovation officer at IBM, who will
Thanks for reading. We'll be back tomorrow. – Joel