Top Features

Total Wine CEO Troy Rice Steps Down

Total Wine CEO Troy Rice Steps Down

Total Wine & More CEO Troy Rice has resigned from the top job at the national beverage-alcohol retailer, he announced on LinkedIn today.

Gallup Poll: Record Low 54% of US Adults Drink Alcoholic Beverages; BA Chief Warns Industry to Take Data ‘With a Huge Grain of Salt’

Gallup Poll: Record Low 54% of US Adults Drink Alcoholic Beverages; BA Chief Warns Industry to Take Data ‘With a Huge Grain of Salt’

The percentage of Americans who say they drink alcoholic beverages has fallen to its lowest point – 54% – in the history of Gallup’s annual survey tracking drinking patterns of adults. The firm said the decline comes amid “a growing belief among Americans that moderate alcohol consumption is bad for one’s health, now the majority view for the first time.”

Ballast Point Takes On New Investors, Plans Expansion

Ballast Point Takes On New Investors, Plans Expansion

San Diego-based Ballast Point has new, local investors in its ownership group, San Diego Beer News reported. Hospitality force RMD Group and boutique investment firm Cypress Ascendant have taken shares in the brewery, and the investors who facilitated the bombshell acquisition of Ballast Point from Constellation Brands in 2019 have exited.

Schilling Sues Incline Over Ownership of Cider ‘Recipes;’ Judge Grants Preliminary Injunction

Schilling Sues Incline Over Ownership of Cider ‘Recipes;’ Judge Grants Preliminary Injunction

A legal dispute between two Pacific Northwest cider brands is bringing into question what defines a “recipe” and how airtight – and specific – agreements between bev-alc brands and their manufacturing partners need to be. Schilling Cider has filed a civil complaint against Incline Cider and its parent company Compass Brands, LLC, alleging Incline breached a “recipe agreement” and shared confidential information with a competing company

Brewbound Podcast: A Look at Uncle Nearest’s Fight to Retain Control of Operations

Brewbound Podcast: A Look at Uncle Nearest’s Fight to Retain Control of Operations

Representatives of Uncle Nearest were in court last week fighting to retain control of the whiskey brand’s operations as its lender seeks the appointment of a receiver as the company has fallen into default on $108 million in loans. BevNET spirits editor Ferron Salniker joins the Brewbound Podcast to share the latest on the case.

CPI: Bev-Alc Away From Home Continues to Outpace Overall Inflation in July

CPI: Bev-Alc Away From Home Continues to Outpace Overall Inflation in July

All signs point to the cost of a night out getting more expensive. July marks a continuation of bev-alc away from home outpacing overall inflation. The CPI for both food (+3.9% year-over-year [YoY]) and alcohol (+3.4% YoY) outpaced overall inflation for all items (+2.7% YoY) in July.