Uncle Nearest Premium Whiskey will go under the control of a receiver following a lender’s claims that the company was in financial distress, according to a federal judge’s order issued Thursday.
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.
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
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.
Breakout ready-to-drink (RTD) brand Good Boy Vodka will move its California distribution to California Beverage Solution (CBS) this month, the companies announced today.
The Idaho joint venture between Scout Distribution and Columbia Distributing is being sold to Hayden Beverage Company, the companies shared today.
Boston Beer CFO Diego Reynoso is receiving around $1.2 million in Boston Beer Class A stock (SAM) in an effort to keep him with the company.
It’s still Not Beer, but now with a buzz. Dallas-based beverage brand Not Beer is expanding beyond alcohol-free sparkling water for the first time with Not Beer Vibed, a 10mg THC/10mg CBD seltzer available online in 12 oz. slim cans.
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.
Tilray Brands is moving deeper into THC-infused beverages – and getting higher in the process.
Any positive vibes recorded in recent weekly data reports may have been a mirage. After some “less pessimistic data” reports, off-premise beverage-alcohol sales have returned to the red, market insights firm Circana shared in its latest weekly report.
If c-store traffic is a barometer of economic anxiety for American consumers, this summer hasn’t been exactly carefree.
Uncle Nearest Premium Whiskey faces an uncertain future as a judge weighs its lender’s request for a receiver to seize control of the company’s operations.
Schilling Cider’s Excelsior Imperial Mango, the No. 2 hard cider in the Seattle-based company’s lineup and the “No. 1 fruited cider” in the U.S., is now “climate neutral.” As of this month, “any greenhouse gas emissions generated through the cider’s entire lifecycle” – from the production of Imperial Mango to its “disposal” – are entirely offset
