Your Morning Rundown --
Good Morning, and Happy Wednesday, May 3, 2023 –
Molson Coors Sales Nearly Double, But Net Falls 52%
Molson Coors Beverage Co. reports sales increased 5.9% in the first quarter to $2.35 billion. Net income was $72.5 million, or 33 cents a share, a 52% drop from 151.5 million, or 70 cents a share. The company nearly doubled its bottom line on an adjusted
Mich. House OKs Permanent Cocktails to Go
The Michigan House of Representatives passed a bill which would make cocktails-to-go permanent and sent the bill to the Senate for consideration. “We are grateful to representatives who voted to approve cocktails to-go,” said Andy Deloney, senior vp and head of state public policy at the Distilled Spirits Council of
Montana Legislature Sends Sunday/Monday Sales Bill to Governor
The Montana House passed, 81-13, and sent to Gov Greg Gianforte a bill that would allow the sale of distilled spirits from state agency liquor stores on Sunday and Monday. The measure previously passed the Senate. The Distilled Spirits Council of the U.S. urged Gianforte to sign the measure.
Don Q Releases 5th New Flavored Rum
Destilería Serrallés Inc., the producer of Don Q, Puerto Rico’s number-one rum, announced the release of Don Q Naranja, an exceptional flavored rum, aged in American White Oak barrels for up to 18 months with natural orange essence and flavor. Made with the finest aged rums and all-natural flavors,
Harpoon Intros 2 New Lagers, Dedicates $1 of Each Case to Aid Military Families
Harpoon Brewery, Boston, announced the release of two new lager beers: American Flyer Light and American Flyer Lager. $1 of each case sold will support military families and those of fallen or disabled service members and first responders. Here are the details about the beers: · American Flyer Light is a
Tabor Hill Adds Lake Michigan Shore AVA Brut Rose to Portfolio
Tabor Hill Winery said it is adding a Lake Michigan Shore AVA Brut Rosé to its portfolio. The company said this Brut Rosé perfectly balances fruit-forward flavors with delicate bubbles making it the ideal sipper for any occasion, big or small. Sporting a beautiful shade of pale salmon, the color
Absolut to Launch Vodka-Cranberry Cocktail in Partnership with Ocean Spray
Absolut Vodka and Ocean Spray are partnering to introduce the Absolut and Ocean Spray Vodka-Cranberry Range, a new Ready-to-Drink line with Ocean Spray building on the brands’ successful marketing partnership in the U.S., will be on retail shelves in early 2024, The range will include a variety 8-Pack of
Becraft and Ward Exit 375 Park Avenue Spirits, Form Own Firm
Laura Becraft and Lauren Ward have broken from 375 Park Avenue Spirits to launch Brazen Imports & Consulting, a new firm focused on helping brands grow their business in the highly competitive beverage alcohol space. Until recently, Becraft was Commercial Operations Director at 375 Park Avenue Spirits, a division of Sazerac
Pernod Ricard: Our Dealings with Russia Break No Rules or Embargoes
Pernod Ricard has acknowledged shipping some product to Russia. But in doing so, it said, it violated no rules or embargoes. "In fully complying with all international sanctions we significantly reduced the number and quantity of brands imported to a level that enabled us to protect our local teams, their
Breakthru, Deutsch Renew 5-Year Partnership
Breakthru Beverage Group and Deutsch Family Wine & Spirits said they have signed an agreement on a new five-year partnership, continuing their strong collaboration to support Deutsch’s fast-growing portfolio. The agreement maintains Breakthru’s current, long-term representation of Deutsch Family in the Pennsylvania, Delaware, Maryland, Montgomery County, Md., Virginia and
Zepponi & Co. hires Sarah Hohenberger as VP. Most recently she was an associate director at UB Investment Bank in their consumer products and retail group. Kristian Jelm joins Vine Connections as associate director of sales. Previously, she was with Young's Market Co./RNDC and Wente Family Estates. Sue Ghest-Kehoe joins
China's exit bans multiply as political control tightens under Xi China is increasingly barring people from leaving the country, including foreign executives, a jarring message as the authorities say the country is open for business after three years of tight COVID-19 restrictions. (Reuters)
Thanks for Reading. I'll be back tomorrow. – Joel