Wine & Spirits

Corona Announces Global Partnership with Tripadvisor to Encourage Travel to Nature

Retrieved on:

Thursday, April 4, 2024

Corona, an AB InBev global brand, is once again putting its passion for nature into practice, through a global partnership with Tripadvisor, the world’s largest digital travel community.

Key Points:

Corona, an AB InBev global brand, is once again putting its passion for nature into practice, through a global partnership with Tripadvisor, the world’s largest digital travel community.
Together, Corona and Tripadvisor will share new opportunities and recommendations that inspire people to disconnect and spend more time outdoors.
To help make that travel a reality, Corona is powering discounts for those who want to book their nature-fueled experiences.
* Users can also access the 2024 Corona Sunsets Festival World Tour, a global festival series, and book curated travel packages.

The Infatuation’s EEEEEATSCON Presented by Chase Sapphire® Set For Summer Return to Los Angeles

Retrieved on:

Wednesday, April 3, 2024

Today, The Infatuation announced its signature food festival, EEEEEATSCON Los Angeles, presented by Chase Sapphire, will return to Santa Monica’s The Barker Hangar on Saturday, June 8 and Sunday, June 9.

Key Points:

Today, The Infatuation announced its signature food festival, EEEEEATSCON Los Angeles, presented by Chase Sapphire, will return to Santa Monica’s The Barker Hangar on Saturday, June 8 and Sunday, June 9.
Pre-sale tickets will grant Chase Sapphire cardmembers access to EEEEEATSCON at 11 a.m. local time, one hour earlier than general admission tickets.
At the event, Chase Sapphire Reserve cardmembers will have special access to the Chase Sapphire Reserve Lounge.
Chase Sapphire Reserve cardmembers will also have access to purchase tickets for an exclusive cocktail class through Chase Ultimate Rewards.

RD1 Spirits Adds Seven States to U.S. Distribution

Retrieved on:

Wednesday, April 3, 2024

Retail, Restaurant, Bar, Food, Beverage, Wine & Spirits, Growth, Gold, Multimedia, Hearing, RD1, Furniture

Award-winning, Lexington-based craft bourbon brand, RD1 Spirits , continues to build its national distribution footprint with expansion into seven states since January 2024 — Arizona, California, Colorado, Georgia, Minnesota, Ohio, and South Carolina.

Key Points:

Award-winning, Lexington-based craft bourbon brand, RD1 Spirits , continues to build its national distribution footprint with expansion into seven states since January 2024 — Arizona, California, Colorado, Georgia, Minnesota, Ohio, and South Carolina.
View the full release here: https://www.businesswire.com/news/home/20240403789202/en/
RD1 Spirits Earns Best-In-Class Award for French Oak-Finished Bourbon (Photo Credit: RD1 Spirits)
This expansion follows last year’s successful growth, where RD1 grew distribution from its home state of Kentucky to 14 states in the calendar year.
In addition to the latest seven states, RD1 distributes to Florida, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Michigan, Missouri, Nevada, North Carolina, Tennessee, Texas, West Virginia and Wisconsin.
RD1 Kentucky Straight Bourbon (98 proof) and RD1 Kentucky Straight Bourbon Double Finished In Oak and Maple Barrels (99.9 proof) each received Gold honors in the competition.

Starco Brands Announces Fourth Quarter and Full Year 2023 Results and Business Update

Retrieved on:

Wednesday, April 3, 2024

Reported net revenue for the fourth quarter of 2023 was $18.9 million, compared to $4.0 million in the fourth quarter of 2022.

Key Points:

Reported net revenue for the fourth quarter of 2023 was $18.9 million, compared to $4.0 million in the fourth quarter of 2022.
Compensation expense was $10.6 million in the fourth quarter of 2023, compared to $0.8 million in the fourth quarter of 2022.
Professional fees were $1.7 million in the fourth quarter of 2023, compared to $0.8 million in the fourth quarter of 2022.
Adjusted EBITDA was approximately $2.1 million for the fourth quarter of 2023, compared to $1.5 million for the fourth quarter of 2022.

The Southern Glazer’s Wine & Spirits Liquid Insights Tour Returns with New Cities

Retrieved on:

Wednesday, April 3, 2024

Retail, Restaurant, Bar, Wine & Spirits, COVID, Social media, Customer development, City, Wine, CO, Drink, National accounts, Consultant, Liquor

Southern Glazer's Wine & Spirits (Southern Glazer's)—the world’s preeminent distributor of beverage alcohol—today announced that its six-city Liquid Insights Tour is returning in 2024.

Key Points:

Southern Glazer's Wine & Spirits (Southern Glazer's)—the world’s preeminent distributor of beverage alcohol—today announced that its six-city Liquid Insights Tour is returning in 2024.
During the Tour, Southern Glazer’s team will visit a wide variety of bars, hotels, restaurants, and other on-premise locations that serve liquid libations to customers.
The key findings of the Liquid Insights Tour will be announced in the third quarter of 2024.
Follow Liquid Insights Tour updates on Southern Glazer’s Instagram, Facebook, and X channels @sgwinespirits and at https://southernglazers.com/liquid-insights .

Chinese Jiuxian Group Leads the Transformation of China Liquor Industry

Retrieved on:

Thursday, April 4, 2024

Online Retail, Retail, Communications, Social Media, Technology, Wine & Spirits, Electronic Commerce, MCN, Multimedia, Marketing, Livestreaming, Online shopping

This industry feast brought together liquor brands from all over the country, among which Jiuxian Group once again attracted people's attention with its unique charm and strength.

Key Points:

This industry feast brought together liquor brands from all over the country, among which Jiuxian Group once again attracted people's attention with its unique charm and strength.
Hao Hongfeng from Jiuxian Group said, "In 2023, Jiuxian Group formed an operating system integrating livestreaming, offline chain stores and private brand operation."
The exploration of Jiuxian Group has brought new enlightenment to the Chinese liquor circulation industry.
The MCN team was hatched in Jiuxian Group, and a number of leading livestreaming masters were trained through livestreaming platform, such as "Jiuxian Lafeige", "Jiuxian Liangge", "Jiuxian Daliang" and "Jiuxian Sister Gege".

Pernod Ricard Rated Top European Company in the 2024 Data & AI Human Capital Report: World Rankings Compiled by AlixPartners & Darwin X

Retrieved on:

Thursday, April 4, 2024

Pernod Ricard (Paris:RI) has been ranked as the leading European, and number four in the world, consumer goods company in terms of bringing skills dedicated to data and artificial intelligence (AI) in-house, according to the 2024 Data & AI Human Capital Report produced by AlixPartners and Darwin X.

Key Points:

Pernod Ricard (Paris:RI) has been ranked as the leading European, and number four in the world, consumer goods company in terms of bringing skills dedicated to data and artificial intelligence (AI) in-house, according to the 2024 Data & AI Human Capital Report produced by AlixPartners and Darwin X.
The study, which covers the 65 biggest global companies in the sector, assesses the proportion of the internal workforce dedicated to data and artificial intelligence activities, using data gathering and processing technology developed by Darwin X.
These results reflect the strategic priority given to leveraging data on a large scale at Pernod Ricard and highlight its position as a pioneer in business-applied AI.
As Pierre-Yves Calloc’h, Pernod Ricard’s Chief Digital Officer explained, “In 2020, we launched an ambitious Data and AI programme to ramp up our business.

Vintage Wine Announces Forbearance Agreement Extension with Lenders

Retrieved on:

Wednesday, April 3, 2024

Retail, Food, Beverage, Wine & Spirits, Security agreement, VWE, Exercise

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced that the Company and its lender group have amended the forbearance agreement dated March x, 2024 to extend the forbearance period to May 15, 2024.

Key Points:

Vintage Wine Estates, Inc. (Nasdaq: VWE and VWEWW) (“VWE” or the “Company”) today announced that the Company and its lender group have amended the forbearance agreement dated March x, 2024 to extend the forbearance period to May 15, 2024.
The lenders have also agreed to the deferral of the $10 million principal payment previously due at March 31, 2024 to May 15, 2024.
Kristina Johnston, Chief Financial Officer, commented, “We are continuing productive discussions with our lenders as we work to advance potential asset sales, the monetization of inventory and cost reductions.
The extension of the forbearance agreement provides additional time for further discussions with the lenders regarding an amended lending agreement as we execute on our plans.”
Under the amended forbearance agreement, the lender group has agreed to not exercise any rights and remedies until May 15, 2024, so long as the Company complies with the terms of the forbearance agreement as amended and otherwise remains in compliance with the Second A&R Loan and Security Agreement.

Molson Coors Beverage Company to Webcast 2024 First Quarter Earnings Conference Call

Retrieved on:

Tuesday, April 2, 2024

Supply Chain Management, Retail, Food, Beverage, Wine & Spirits, Madri, Conference, Environment, Webcast, Molson Brewery, Toronto Stock Exchange, People & Planet, Coors Brewing Company, TSX, Molson Coors, Drink, Carling Brewery, Beer, Coors Light

Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will host a webcast of the company’s 2024 First Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) on Tuesday, April 30, 2024.

Key Points:

Molson Coors Beverage Company (NYSE: TAP, TAP.A; TSX: TPX.B, TPX.A) will host a webcast of the company’s 2024 First Quarter Earnings Conference Call with investors and financial analysts at 11:00 a.m. Eastern Time (9:00 a.m. Mountain Time) on Tuesday, April 30, 2024.
The webcast will be accessible via the Investor Relations page of the Molson Coors Beverage Company website, ir.molsoncoors.com .
For over two centuries, Molson Coors Beverage Company has been brewing beverages that unite people to celebrate all life’s moments.
To learn more about Molson Coors Beverage Company, visit molsoncoors.com , MolsonCoorsOurImprint.com , or on Twitter though @MolsonCoors .

Ole Smoky Distillery Launches New Tennessee Straight Bourbon Whiskey Nationally

Retrieved on:

Tuesday, April 2, 2024

Retail, Specialty, Restaurant, Bar, Wine & Spirits, Ole Smoky Distillery, American whiskey, Trust, Distillation, Ageing, History, Smoke, Glass, OLE, Creativity, Lincoln County Process, Multimedia, Liquor

Ole Smoky Distillery , one of the nation’s fastest growing spirits companies, is announcing the nation-wide distribution of its Tennessee Straight Bourbon Whiskey.

Key Points:

Ole Smoky Distillery , one of the nation’s fastest growing spirits companies, is announcing the nation-wide distribution of its Tennessee Straight Bourbon Whiskey.
Barrel-aged for four years and true to Tennessee tradition, this high-quality whiskey expands Ole Smoky’s premium, straight whiskey offerings.
“The American Whiskey category is continuing to grow, and as one of the fastest growing spirits companies in the country, Ole Smoky is excited to offer consumers a straight whiskey from a distillery they know and trust,” says Robert Hall, CEO of Ole Smoky Distillery.
Enjoyed neat or on the rocks, James Ownby Reserve Tennessee Straight Bourbon Whiskey is available in select markets and at Ole Smoky’s four distillery locations.