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On Tuesday, industry leaders reassembled with a bipartisan group of Kentucky leaders to toast the bourbon sector's record growth. Kentucky's bourbon industry pumps $9 billion into the Bluegrass State's economy each year, creating more jobs and attracting more tourists than ever before, according to a study released Tuesday. Kentucky distillers produce 95% of the global bourbon supply, according to the Kentucky Distillers' Association. Producers had a record inventory of 12.6 million bourbon barrels aging in warehouses at the start of 2023, it said. Bourbon tourism has flourished, with attendance surpassing 2.5 million visitors last year along the Kentucky Bourbon Trail and the Kentucky Bourbon Trail Craft Tour, which showcases smaller distilleries.

Persons: Andy Beshear, Bill Samuels Jr, Maker's Mark, Samuels, “, ”, David Osborne, Eric Gregory, ” Samuels Organizations: Kentucky Capitol, Democratic, Kentucky distillers, Kentucky Distillers ' Association, Maker's, statehouse, distillers, Producers, Bourbon, Kentucky Bourbon Trail, Distillers, Republican, Bluegrass State, Capitol, Ivy League Locations: FRANKFORT, Ky, Kentucky

☆ Mexican Whiskey Is on the Rise, Powered by Ancient Corn
▼ + stars: | 2024-01-11 | by ( Clay Risen | More About Clay Risen | ) www.nytimes.com time to read: +1 min

In September, Gran Maizal also began exporting its whiskey to the United States, home to the world’s best-known corn-based spirit, bourbon — a move that its founders see as both a challenge and an opportunity. “Bourbon has been the center of the popularity and growth of whiskey in the U.S. for the last 20 years,” said Gonzalo de la Pezuela, who founded Gran Maizal with Cesar Ayala. ”So why not invite people to try a high-end whiskey from the birthplace of corn?”Despite their common ingredient, Gran Maizal whiskey is a world apart from traditional bourbons, let alone barley-based whiskeys like Irish and Scotch. In bourbon, the charred oak barrel in which it ages is responsible for most of the flavor; in Gran Maizal, the centerpiece is the corn. “And we quickly were able to say, ‘Well, you know what?

Persons: Gran Maizal, “ Bourbon, ”, Gonzalo de la, Cesar Ayala, de, Ayala, ’ Organizations: Gran Maizal Locations: United States, U.S, Gran

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

☆ A co-investment chief at billionaire investor Mario Gabelli's firm shares 3 stocks with strong pricing power he's betting on as inflation remains sticky — including one that could surge 53%
▼ + stars: | 2023-08-25 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

In such an environment, pricing power is crucial to a firm's success, says Kevin Dreyer. One of the qualities that makes a company attractive to them is strong pricing power: being able to hold prices steady in tough times or even raise them as inflation surges. "I don't tend to think of private label firms as having the best pricing power out there, but that said, what Treehouse has done is pretty unique," he said. The third firm Dreyer talked about was BellRing Brands (BRBR), which owns protein snack brands like PowerBar and Premier Protein. Dreyer also thinks they're a good candidate to be acquired by a larger firm at a premium.

Persons: Kevin Dreyer, Mario Gabelli, Dreyer, Captain Morgan, Don Julio, Baileys, Johnnie Walker, they'll, " Dreyer, they're Organizations: Funds, Diageo, BellRing Brands, Diageo Brands, Guinness, Scotch Whiskey Association, Treehouse Foods, PowerBar Locations: North, South America, India, France

☆ As drinkers shift to spirits, Molson Coors acquires a bourbon maker
▼ + stars: | 2023-08-08 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Molson Coors, best known for brewing Coors Light and Miller Lite, is acquiring Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, for an undisclosed price, exclusively told to CNN. It’s part of the company’s pivot to becoming a broader beverage company focusing on drinks beyond beer, especially since US spirit sales surpassed beer sales last year for the first time ever. Blue Run is a Kentucky-based startup that makes premium bourbon whiskeys with prices ranging from $100 to $250 for a bottle. Molson Coors is buying buzzy bourbon brand Blue Run for an undisclosed price. Molson Coors' whiskey and bourbon portfolio now consists of three brands.

Persons: Mike Montgomery, Molson, Devon McKinney, ” Montgomery, “, ”, it’s, Molson’s, Michelle St, Jacques, David Coors, Molson Coors, Blue, Lisa Hawkins Organizations: New, New York CNN, Molson Coors, Coors, CNN, Blue, Nike’s Air Force, Molson, Topo, Co, bourbons, Molson Coors Montgomery, Coors Spirits Co, “ Beer Locations: New York, Kentucky, Topo Chico, Montgomery, United States

☆ ‘Marie Antoinette’ Review: Boudoirs and Bloodlines on PBS
▼ + stars: | 2023-03-17 | by ( John Anderson | ) www.wsj.com time to read: +1 min

An ornate soap opera of the sort that has become a fixture of Sunday nights on PBS, the eight-part “ Marie Antoinette ” is a little like “Titanic”: We all know the subject’s destination. The question is how long it will take to get there. It’s not a brisk trip. Not usually a problem, if the parties are eager and the plumbing is intact. But the dauphin, Louis-Auguste (Louis Cunningham), is diffident to the point of paralysis and Marie spends much time worried if he’ll ever rise to greatness.

☆ Premarket stocks: The Fed wants to limit wage growth. That's particularly bad for women
▼ + stars: | 2023-03-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

What’s happening: Never-married women earned just 92% of what never-married men did last year, according to the Wells Fargo report. Those wage gaps are “persistently disappointing,” ADP’s Chief Economist Nela Richardson told CNN on Thursday. Markets suffer: Companies with smaller gender pay gaps tend to be rewarded by their shareholders. “The gender pay gap is informing investment strategies,” wrote Refinitiv analysts in a recent report. “Our recent analysis shows that [shares of] companies with no gender pay gap outperform companies with pay gaps between male and female employees,” wrote Refinitiv.

☆ Sure, You’ve Got a Wine Cellar. What About a Whiskey Lounge, or a Tequila-Tasting Room?
▼ + stars: | 2022-12-15 | by ( Candace Taylor | ) www.wsj.com time to read: 1 min

Raja Amar’s 23-acre estate in Stony Point, N.Y., has plenty of places to enjoy a cocktail. Visitors can choose a bottle from his glass-enclosed custom wine cellar, which holds about $2 million worth of wine from Opus One, Screaming Eagle and other pricey wineries. They can sample it at a table in the wine-tasting room just outside. They can pour a Macallan 25 at the bar and sip it in the whiskey-and-cigar lounge, a cherry wood-paneled room with two commercial-grade smoke eaters. A 56-year-old entrepreneur in the telecommunications industry, Mr. Amar built these amenities to house his collection of rare wines, whiskeys, cognacs, bourbons and tequilas, spending about $250,000 to create the wine cellar and wine room and roughly $1.2 million on the whiskey lounge.

☆ Italy's Campari builds up bourbon business with $600 million Kentucky deal
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

MILAN, Oct 31 (Reuters) - Italian spirits group Campari (CPRI.MI) said on Monday it had reached an agreement to buy an initial 70% stake in Wilderness Trail Distillery for $420 million, strengthening its bourbon offer. Under the agreement, Campari has an option to buy the remaining 30% of the Kentucky-based producer of bourbon and rye whiskey in 2031. The deal implies a current enterprise value of $600 million, which makes it the second biggest acquisition for the Italian group after it bought Grand Marnier in 2016. "By adding the fast-growing super premium Wilderness Trail brand we further expand and premiumise our bourbon offering, priming it to become Campari Group's second major leg after the aperitif portfolio", Chief Executive Bob Kunze-Concewitz said in a statement. Wilderness Trail Distillery, which was started in 2012, expects sales to jump 39% to $57 million in 2022, with core earnings of $37 million.

☆ Jim Beam is plotting a $400 million expansion to ramp up bourbon production
▼ + stars: | 2022-09-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

Jim Beam plans to ramp up bourbon production at its largest Kentucky distillery to meet growing global demand in a more than $400 million expansion to be powered by renewable energy. The project will increase capacity by 50% at the Beam plant in Boston, Kentucky, while reducing greenhouse gas emissions by the same percentage, Beam Suntory said Wednesday. Beam also is “fully leveraging” its capacity at its distillery in Clermont, Kentucky, where it produces Jim Beam, Basil Hayden, Knob Creek and Legent brands. Beam Suntory, a subsidiary of Suntory Holdings Limited of Japan, isn’t the first maker of bourbon to go green. Kentucky is home to 95% of the world’s bourbon production, the association said.

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