article thumbnail

Sazerac to convert Buffalo Trace by-products into alt-proteins 

Just Drinks

The expansion formed part of Sazerac’s $1.2bn investment announced in 2018, aimed at meeting the increasing demand for its Bourbon whiskies, with the investment expected to continue until 2028. Sazerac, headquartered in Louisville, also operates a distillery in Bardstown, Kentucky. Sign up for our daily news round-up!

Beer 52
article thumbnail

Don’t be fooled by Crew’s exit: the next Diageo CEO will face the same problems

Just Drinks

By May this year, Jhangiani’s influence was apparent: a plan to cut costs by US$500m and to sell off substantial assets by 2028. Take into account all of the above – and the fact that Diageo’s shares lost roughly 40% of their value during Crew’s tenure – and her departure starts to look even less surprising.

Beer 71
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In data: France Tequila, mezcal market to double in value by 2028

Just Drinks

France’s Tequila market is predicted to more than double in value between 2023 and 2028, data from GlobalData shows.

Tequila 59
article thumbnail

Tequila is India’s New Luxury Sip

Spiritz

The readiness of the Indian market for super-premium and luxury tequila brands is evidenced by the significant rise in high-end tequila sales at Duty Free stores in Delhi and Mumbai. “Projections for the tequila market in India are very encouraging. . By 2028, this market is expected to reach a value of US$87.74

Tequila 81
article thumbnail

IWSR Report: U.S. Alcohol Market Set to Regain Footing After ‘Reset Year’

VinePair

will be a major player in growth within the world’s “mature alcohol markets” down the line, pushing nearly $8 billion in incremental gains come 2028. While the category experienced a 2 percent decline last year, it’s only expected to increase by 1 percent between now and 2028. The future of the U.S. Premium Beer or Bust The U.S.

Alcohol 98
article thumbnail

In data: Australian gin market shows “strong” growth but lags behind other spirits

Just Drinks

Australia’s gin market is set to surpass US$700m by 2028 though its growth could be outpaced by rum, vodka and Tequila, data suggests.

Gin 59
article thumbnail

Why the Mule Is the Ultimate Workhorse Cocktail

VinePair

But, as we’ve learned with the “healthiest” spirit, tequila , many health-conscious consumers don’t necessarily care. percent in 2023, and is “steadily climbing towards $100+ billion” by 2028 , thanks in part to the explosion of youth-courting RTD cocktails. Indeed, per Mintel, the U.S. market for dark spirits increased by 8.3

Vodka 111