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Beam Suntory: Sales Up in H1 2023; Slowdown in U.S.

Beam Suntory: Sales Up in H1 2023; Slowdown in U.S.

Beam Suntory reported a 10% rise in net sales for the first half of 2023, driven by ready-to-drink (RTD) brands and the company’s premiumization strategy, but nevertheless did face performance struggles in North America.

Made By the Water Shutters Catawba Charlotte, Wilmington Locations

Made By the Water Shutters Catawba Charlotte, Wilmington Locations

Catawba Brewing Company’s locations in Charlotte and Wilmington, North Carolina have been closed by Made By the Water, the portfolio company of family office Wiregrass Equity Partners, according to reports.

Gallup: 62% of Americans Drink Alcoholic Beverages; Beer Still Top Choice, But Liquor Gaining

Gallup: 62% of Americans Drink Alcoholic Beverages; Beer Still Top Choice, But Liquor Gaining

The latest Gallup poll of U.S. drinkers found that consumption habits have remained “relatively stable,” the firm reported Monday. Gallup’s “Consumption Habits” poll, conducted from July 3-27, found that 62% of Americans say they drink alcoholic beverages, hovering around the 63% average the poll has returned since 1939.

Does Blue Run and Molson Coors Deal Signal More Spirits M&A?

Does Blue Run and Molson Coors Deal Signal More Spirits M&A?

Molson Coors made headlines this week when it announced that it agreed to purchase Kentucky-based distillery Blue Run Spirits, marking the beer giant’s first spirits acquisition and the formal launch of its Coors Spirits Co. business.