Bacardi Buying Patrón Tequila In Deal Valuing Brand at $5.1 Billion

Global rum giant will pay a premium price to get into increasingly crowded premium tequila market Source: WSJ By Cara Lombardo Jan. 22, 2018 Bacardi Ltd. is buying the maker of Patrón tequila in a deal that values the premium brand at $5.1 billion, said people familiar with the matter, one of the biggest liquor deals in years as rivals scramble to own more...

MADD backs scientists’ goals for reducing drunken driving but doesn’t endorse lowering 0.08 blood-alcohol limit

Source: https://www.dallasnews.com/ Dana Branham, Breaking news reporter January 19th Mothers Against Drunk Driving largely supports recommendations from a group of scientists urging states to adopt laws that they say would reduce drunken driving, but MADD maintains its support for the current 0.08 drunken-driving threshold. The scientists, commissioned by the U.S. government, recommended that states lower the blood alcohol concentration threshold from 0.08 to 0.05....

Chapel Gate calls for transparency in blended Whisk(e)y

Source: The Spirits Business by Owen Bellwood 16th January, 2018 Louise McGuane, founder of Ireland’s first modern whiskey bonder, The Chapel Gate Irish Whiskey Company, has called for the EU to amend laws stating what information can be printed on blended whisk(e)y labels. According to EU law, blenders can only disclose the youngest component whisk(e)y making up a blend, or nothing at all. Whisk(e)y...

Alcohol Spending Hit $241.8 Billion in 2017

Source: Wine & Spirits Daily JANUARY 11, 2018 The numbers are starting to come in for 2017, and thus far, beverage alcohol trends seem to have been lukewarm, depending on who you ask. Consumer spending on alcohol was up 2.7% to $241.8 billion for the year, according to research from BW166 and Gomberg, Fredrikson & Associates. Although, total alcohol volumes were down 0.4%, wine...

US Beverage Alcohol Volumes Decline Again in 2017

Source: IWSR 9 January 2018 The IWSR, the leading provider of data and analysis on the global beverage alcohol market, has released initial 2017 category results for the US market as part of its US Beverage Alcohol Review (US BAR) database. After analyzing preliminary 2017 volume, the IWSR says total US beverage alcohol consumption declined for the second consecutive year by -0.2%. This loss...

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