Diageo (DEO) and Vita Coco come together to launch a premium canned cocktail, Vita Coco Spiked with Captain Morgan. The move is in sync with Diageo's plans to expand its ready-to-drink portfolio.
Bravo's "Summer House" stars talk building an alcohol brand amid shifting consumer drink trends.
Shares of Boston Beer (NYSE: SAM) lagged a falling market this week. The stock sank 11% through Thursday trading compared to a 3.2% slump in the S&P 500, according to data provided by S&P Global Market Intelligence. The drop added to big declines for the owner of the Sam Adams and Truly beverage brands, as shares are down 40% so far in 2022. Rival Constellation Brands said this week that demand accelerated in the most recent quarter thanks to the popularity of imported brands like Corona, Modelo, and Pacifico.