Pernod Ricard Backs American Whiskey to Deliver Global Growth

Pernod Ricard Backs American Whiskey to Deliver Global Growth

Pernod Ricard announced last week the launch of The American Whiskey Collective, a new business unit dedicated to the company’s American whiskey portfolio that will pursue growth by investing in the “new fashioned” brands’ innovation, according to the division’s newly appointed head, Craig Johnson.

Bang: Judge Confirms $175M Arbitration Award, 5% Royalty on Future Sales

Bang: Judge Confirms $175M Arbitration Award, 5% Royalty on Future Sales

Bang Energy maker Vital Pharmaceuticals’ motion to vacate a $175 million arbitration award was denied last week, clearing the way for Orange Bang and Monster Energy Company to collect damages plus a 5% royalty on all future net sales of Bang-branded products.

Vita Coco, Diageo Collaborate on Captain Morgan RTD Canned Cocktail

Vita Coco, Diageo Collaborate on Captain Morgan RTD Canned Cocktail

Vita Coco is the latest non-alcoholic beverage giant to dip its toes into the RTD cocktail space, announcing today a collaboration with spirits conglomerate Diageo to release a line of coconut water spiked with Captain Morgan white rum.

Constellation Brands Execs Plan to Remain ‘Sensible’ on Pricing

Constellation Brands Execs Plan to Remain ‘Sensible’ on Pricing

Pricing was the clear theme of the question-and-answer portion of Constellation Brands’ first quarter FY2023 earnings call on Thursday. More specifically, analysts were wondering why the company is hesitant to increase price in an inflationary environment. CEO Bill Newlands reiterated that Constellation’s “long-term algorithm on pricing is +1%-2%,” although last year it increased beer prices +3.5%.

Brew Talks Boston: Dogfish Head, Harpoon, Craft Beer Cellar Leaders Discuss 4th Category Opportunities, Challenges

Brew Talks Boston: Dogfish Head, Harpoon, Craft Beer Cellar Leaders Discuss 4th Category Opportunities, Challenges

Following the July 4 holiday, Brewbound’s Brew Talks conversation and networking series will discuss the opportunities and pitfalls for craft beer-focused companies playing in the fourth category during a meetup at the Samuel Adams brewery in the Jamaica Plain neighborhood (30 Germania Street, Boston, MA, 02130) on Wednesday, July 27, from 3-6 p.m. ET.