10 May 2024
10 May 2024
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After a bumpy ride in 2023, GlobalData analysis shows the long-term prospects of the market are healthy but brands must innovate to take advantage of demand in a tricky market.
Set up in 2019 and backed by US-based incubator Rogue Baron, Shinju Spirits sells its whiskies in the US, the UK and the EU.
GlobalData alcoholic beverages research director David Harris said on-premise closures and inflation have hit craft-beer sales particularly hard.
Aged for five years, Stonestreet Kentucky Straight Bourbon is 47% abv. In its first run, 131 barrels were produced.
“Our entire strategy in the US is about portfolio rebalance,” CEO Michel Doukeris said.
Melitta said it hopes to “open up numerous new sales opportunities on the African continent” with the acquisition.
Personalised nutrition apps have become flavour of the day among certain consumers seeking guidance on an individual basis.
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