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Daily Newsletter

25 September 2023

Daily Newsletter

25 September 2023

Nascent Avalon Spirits buys Whiskey Row owner TSS Brands

Avalon wants to “acquire and build an elite portfolio of super-premium spirits brands both fully owned and with appropriate partners”.

Conor Reynolds September 25 2023

Credit: Unsplash

Avalon wants to “acquire and build an elite portfolio of super-premium spirits brands both fully owned and with appropriate partners”.

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Non-alcoholic beverages (NAB) market remain resilient despite inflationary pressure

Per GlobalData analysis, the NAB market has a strong outlook in terms of value and steady forecasting for volume up to 2026. The industry has been resilient to the pandemic and inflationary pressure as consumers continue to up their intake of NABs. Rising health and wellness trends mean that a growing number of consumers are swapping alcohol consumption for NABs while others are adding more drinks to their diet for improved hydration and extra nutritional value from fortified and functional NABs.

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