| Beverage Wholesaler - December 9, 2019 |
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In another sign of craft beer’s slowing growth, Constellation Brands has sold Ballast Point Brewing to the private investment company Kings and Convicts. Constellation bought Ballast Point back in 2015 — during the boom of alcohol corporations snapping up craft breweries — for a reported price of about $1 billion. Terms of this latest transaction were not disclosed.
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Mocktails. Non-alcoholic cocktails. Zero-proof libations. Whatever you call them, the modern versions are miles above the sad, lemon-wheel-adorned glass of soda water that non-imbibers used to resign themselves to. Savvy bartenders understand that no matter guests’ reasoning for abstaining from alcohol, they don’t need to deprive themselves on flavor and a great beverage experience. David Mor, beverage manager at Cindy’s rooftop restaurant in the Chicago Athletic Association Hotel, began using the term “spiritfree” to describe this category of drinks after reading Chicago bartender Julia Momose’s Spiritfree manifesto. In the manifesto, published in September 2017, Momose actively champions for nonalcoholic cocktails to become a part of more beverage programs.
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ONE MORE THING
Marijuana Business Daily is praising a new Colorado law allowing outside investment in the state's legal pot industry as a "boon" for cannabis capital. |
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