15 September 2023
15 September 2023
The Disaronno owner is relocating its US headquarters to Baltimore Peninsula where Sagamore Spirit’s distillery is located.
Set up by Ian McCulloch and James Shelbourne in 2014, the “ultra-premium” gin is sold in more than 30 countries.
“This investment has strategic significance” – Dolf van den Brink, Heineken’s CEO and chairman.
“We see significant growth potential in the premium spirits space” - Adam Freede, co-founder and CEO of MadaLuxe Group
“We believe the brand remains an attractive asset [but] it does not align with Canopy Growth’s cannabis focused asset-light strategy” – Canopy Growth.
Headline inflation covering all items, however, accelerated in the US last month.
LitePac Top has been developed over three years by Coca-Cola HBC, Krones, DS Smith and Mondi.
The company plans to invest $1bn over the next three years to drive climate action.
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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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