Tag: Alcoholic Beverages/Drinks
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How Jennifer Lopez describes her new booze brand: ‘This Bronx girl on a yacht’
[ad_1] The bottles Delola bottled cocktails (Bella Berry Spritz, Paloma Rosa Spritz, L’Orange Spritz), $22.99 (750ml) and $11.99 (375ml). The back story Jennifer Lopez has already conquered the worlds of film, music, perfume and even footwear. So, what’s next? JLo now has her own booze brand, naturally. Specifically, Lopez has launched Delola, a line of…
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Vintage Wine Estates names Seth Kaufman next CEO amid turnaround efforts
[ad_1] Vintage Wine Estates VWE, +1.44% on Thursday said Seth Kaufman will join the company as president and chief executive officer, a change in leadership amid its broader turnaround campaign. The wine producer said Kaufman will join the company no later than Oct. 30 from Moët Hennessy North America, the North America wine and spirits…
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Bud Light sales are still falling, but here’s what Morgan Stanley says investors might be missing
[ad_1] Bud Light sales are still falling, as the impact of a boycott against the beer continues to stick. But Morgan Stanley analysts on Thursday said that impact was already reflected into shares of its parent company, Anheuser-Busch InBev, and that AB-InBev’s global footprint and the falling costs of beer ingredients would help sales and…
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Duckhorn CEO on how a winery succeeds on Wall Street: ‘You’d better make awesome wines’
[ad_1] It could be said that Alex Ryan, chief executive of the Duckhorn Portfolio, has the wine business in his blood. Ryan likes to talk about coming up in California’s famed wine region from “the back of a pickup-truck tailgate” in vineyards, rather than in marketing, sales “or some other fancy, glamorous point,” like many…
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Anchor Brewing, the OG of craft beer, is shutting down after years of losses
[ad_1] Anchor Brewing Co., the self-proclaimed first craft brewery in the U.S., said it will close its doors after 127 years in business. Market Pulse: San Francisco–based craft-beer pioneer Anchor Brewing is closing down after 127 years: report Anchor, whose beer lineup includes Anchor Steam, Old Foghorn and West Coast IPA, has decided to begin…
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Dylan Mulvaney breaks silence on Bud Light ‘bullying and transphobia,’ with some choice words for Anheuser-Busch
[ad_1] Dylan Mulvaney, the trans influencer whose brief promotional campaign with Bud Light led to calls for a boycott, broke her silence on the matter Thursday, saying that the company never reached out to her and that she encountered “more bullying and transphobia than I could have ever imagined” as a result of the partnership.…
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Second-quarter corporate profits are set for their biggest drop since the start of the pandemic. But then the worst could be over.
[ad_1] Wall Street is expecting a third straight quarter of falling profits and the worst decrease since the pandemic in 2020, when second quarter earnings are reported in July, but that may be the bottom for this year. Wall Street expects per-share profit for S&P 500 index companies to fall 6.5% for the second quarter,…
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Bud Light boycott has been good for Molson Coors, but gains aren’t set in stone, analysts say
[ad_1] As Bud Light sales drop amid a conservative-led boycott, beer drinkers have flocked to rival Molson Coors Beverage Co. for light-beer alternatives. But as the retreat from Bud reshapes the beer market, Wells Fargo analysts say investors have failed to ask a key question: What if Molson’s gains go away? Shares of Bud Light’s…
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Tesla, Anheuser-Busch, Logitech shares rise, while AMC, iRobot, Virgin Galactic shares fall, and other stocks on the move
[ad_1] Here are some of the bigger stock movers Thursday: Stock gainers: Tesla Inc. TSLA, +1.98% shares climbed 1.5%, reversing an earlier intraday loss of as much as 4.3%. The initial selloff followed a downgrade to equal weight from overweight at Morgan Stanley, which cited concerns over valuation and the expectation that the electric-vehicle giant…
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Father’s Day gifts: Try a bourbon-and-tie gift set, or $25,000 bottle of Scotch
[ad_1] Sure, you can buy dad a bottle of his beloved booze for Father’s Day. But why stop there? For the big holiday, which falls on June 18 this year, enterprising wine and spirits makers are putting together all sorts of fun packages that combine a bottle with something else. It’s a bit like those…