Latest news with #JimBeam
Yahoo
3 days ago
- Entertainment
- Yahoo
Gulf Coast Jam reveals entire line-up for 2026
PANAMA CITY BEACH, Fla. (WMBB) – Gulf Coast Jam presented by Jim Beam has announced on Thursday the entire 2026 lineup, a first in the Country On The Coast festival's history. 'To have our full lineup in place and announced this early is testament to our Jammers giving us amazing feedback and to the incredible work our team puts in year after year to make this one of the top festivals in the country at one of the most beautiful beaches in the world,' Gulf Coast Jam Presented by Jim Beam COO Mark Sheldon said. 'We love showing off our home, Panama City Beach!' According to a news release, the festival's headliners for next year will include Post Malone, Chris Stapleton, Keith Urban and Riley Green. They will be joined by at least 20 artists over the four days. 'Our four headliners are some of the most high-profile, in-demand artists we've ever had in our lineup,' Gulf Coast Jam Presented by Jim Beam Executive Producer Rendy Lovelady said. 'I mean, Keith Urban was presented the Triple Crown Award, Chris Stapleton won Male Artist of the Year, Riley Green won Single of The Year and Post Malone is one of the biggest artists in music, period. We're beyond excited about 2026!' Gulf Coast Jam Presented by Jim Beam 2026 Lineup: Thursday, May 28 Keith Urban Treaty Oak Revival Wyatt Flores Cooper Alan Walker Montgomery Gannon Fremin Friday, May 29 Chris Stapleton Marcus King Jackson Dean Brent Cobb Cole Goodwin Hueston Saturday, May 30 Riley Green Koe Wetzel Ole 60 Josh Ross Ashland Craft Hannah McFarland Sunday, May 31 Post Malone Muscadine Bloodline 49 Winchester Elizabeth Nichols Them Dirty Roses Skeez All passes for 2026, including General Admission, Military, College and First Responder, The Overlook Club, Caymus Vineyards VIP Pit, Luxury Suites, Super VIP, Side Stage, hotel packages, as well as lodging partners, are available here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-05-2025
- Business
- Yahoo
Podcast: InvestBev chief 'bullish' amid changing US drinking habits
InvestBev remains upbeat about the opportunities to invest across the US drinks industry amid pressure on spirits sales and changing consumer habits. The Chicago-based investor has more than 60 drinks brands in its portfolio, with a focus on spirits, an industry where sales have slowed in the US in recent quarters. Much of the company's investment has been in Bourbon, a category where sales are declining amid an over-supply of whiskey. However, InvestBev continues to put its funds to work, this week announcing financing for Bourbon supplier Registered Distillery One. In March, the investor said it had partnered with an unnamed 'leading global asset manager' to inject up to $100m in Kentucky Bourbon barrels. InvestBev's portfolio takes in products including RTDs, gin, cannabis drinks and non-alcoholic alternatives. The company is set to finalise deal to invest in an energy-drinks business. 'We are continuing to invest. We are bullish. This is a time – if you look at whether it's a UK recession, an EU recession, a US recession, or any of the above struggling in any way from a geopolitical standpoint – to go to the fire,' InvestBev founder and chairman Brian Rosen told Just Drinks on the GlobalData Consumer podcast yesterday (15 May). 'That's the time to go in and support. You can pick up some distressed assets. You can pick up some great assets. We feel very strongly about putting money to work now.' This embedded content is not available in your region. The tough trading environment in the US whiskey market has prompted some distillers to reassess strategies. In January, Brown-Forman announced plans to cut more than 600 jobs from its global workforce and the closure of a barrel-production facility in the US city of Louisville. According to NABCA data for the 12 months to the end of March, sales of domestic whiskey in the US were down 2.1% in volume terms at 9.4 million nine-litre cases. Sales were flat at $2.86bn. Of InvestBev's $250m of assets under management, more than $100m is Bourbon, Rosen said. The InvestBev founder remains upbeat about the longer-term prospects for the Bourbon category but suggested distilleries will have to close amid the slowing in demand. 'There needs to be – and there will be – three to four bankruptcies of distilleries. One has happened already and I won't name them but they'll be two to three more by the end of the year,' Rosen, speaking after a trip to Kentucky earlier this week, said. 'Post-Covid, the industry built up quite a bit. They thought, greedily so, that we can support producing four million barrels a year. 'I was very pleased and encouraged yesterday to hear that a lot of the bigs – Jim Beam, Bardstown, Green River, Brown-Forman – are cutting down production. 'We are betting on the industry because, no matter what, someone's going to drink Jim Beam. I'm not worried about that.' To hear the podcast with Rosen in full – in which he also discusses changing drinking habits in the US, Gen Z consumption, InvestBev's investment strategy and being approached to buy brands from some of the largest drinks companies – please visit Spotify here. "Podcast: InvestBev chief 'bullish' amid changing US drinking habits" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Forbes
14-05-2025
- Business
- Forbes
Why Jim Beam, Deep Eddy, & More Are Betting On This Tropical Favor
Liquor brands and bars are finding inspiration from the tropics for their next big flavor bet. Ahead of the summer season when popularity swells for sweeter libations, Deep Eddy vodka, Hornitos tequila, and Chinola liqueur are among the major brands that have launched new pineapple expressions. 'Everything tropical right now is doing incredibly well,' Noah Winterer, VP of marketing at Deep Eddy owner Heaven Hills Brands, tells me during a virtual interview. Suntory Global Spirits, the liquor giant behind Jim Beam and Hornitos, points to data from research firm NIQ that shows pineapple-flavored liquor sales leapt 30% in 2024 from the prior year across U.S. liquor and convenience store channels. For Jim Beam, which also sells honey, apple and other flavored whiskeys, the pineapple launch is the first new expression in four years. Flavored whiskeys tend to pull in younger drinkers, who are also more ethnically diverse. They also lure consumers who aren't loyal to traditional bourbons. Pineapple also made sense for Hornitos, given that it is the go-to mixer for 44% of tequila drinkers, according to Jing Mertoglu, VP of insights and analytics at Suntory Global Spirits. 'We're very comfortable not to be the first to market, but we were beginning to see that there's a lot of tropical escapism,' Mertoglu tells me during a phone interview. 'It's a very fun, versatile flavor.' Similar to Suntory Global Spirits, Talkhouse Encore had kept a close eye on pineapple. It was on the ready-to-drink canned cocktail brand's radar since Talkhouse first started formulation development back in 2021. 'Getting the formulation down took time, but the bigger question was whether consumers would resonate with the flavor,' says Rudy Honerkamp, founder and CEO of Talkhouse Encore, in an emailed statement. Honerkamp says the brand reached out to restaurants and bars to gain industry insights and validate their bullish thesis on the tropical flavor. Through those conversations, they learned that pineapple was consistently ranked in the top three most-requested flavors. Pineapple cocktails are also getting a star position on bar menus, including at The Bedford Stone Street bar in downtown Manhattan. 'They are a great source of vitamins and antioxidants that help you have a boost of energy with great sour/sweet citrus flavors,' José María Dondé, beverage manager and head mixologist at The Bedford, says in an email. 'It's also a tropical fruit that makes you feel like you are laying down at the beach.' His current drink lineup includes a cocktail called the Ondatrópica, which is inspired by the tepache, a traditional fermented pineapple drink that's popular in Mexico. There's also the Prime Meridian, a concoction that Dondé bills as a 'Piña Colada Vesper.' The piña colada is a key cocktail that Deep Eddy has been promoting for the company's new pineapple flavor, which launched in February. Deep Eddy Pineapple is the vodka brand's first new flavor since lime debuted more than four years ago. Winterer says the innovation process requires extra thoughtfulness because of Deep Eddy's commitment to using real pineapple and all natural ingredients and avoiding high fructose corn syrup and artificial flavors. 'It is like you were taking a bite out of a juicy, ripe pineapple,' says Winterer, regarding the focus of the new flavor. He says bartenders have been pairing Deep Eddy's vodka with habanero or jalapeno, as the combination of sweet and spice has been increasingly on trend with drinkers. All of Deep Eddy's vodkas are also intended to be extremely versatile, intended to blend in with complex cocktails, simpler drinks like a vodka soda and as a shot. Deep Eddy has eight expressions on the shelf today, including grapefruit, orange, cranberry and the top-selling lemon. But pineapple helped the brand address a big gap in the existing portfolio. 'A lot of our big SKUs that we currently have, they are really citric and really tart,' says Winterer. 'Even though pineapple is going to have that acid, there is more of a sweetness there that comes naturally from the pineapple that is delicious. And it is certainly on trend with consumers.'
Yahoo
11-05-2025
- Business
- Yahoo
American brands like Coke and Jim Beam are paying the price abroad for Trump's trade war
Backlash to tariffs and other US policies has hit some of the biggest American brands. Some shoppers abroad are avoiding products like Coca-Cola and Jim Beam, given their ties to the US. Not all American brands have been affected to the same degree, however. For some people abroad, a Jim Beam and Coke isn't going down as easily as it once did. Companies that make some of the biggest American brands have noted different degrees of pain as some consumers overseas avoid their products in protest of President Donald Trump's trade war. Globally, consumers are less likely to buy many major US brands than they were just a few months ago, survey data published late last month by Morning Consult found. "This suggests that overseas consumers are uniquely singling out some American brands due to their country of origin," the report says. US companies already face plenty of problems because of tariffs, mostly in the form of snarled supply chains and higher import costs. The backlash abroad points to another issue: What happens when a brand's connection with America starts becoming a liability instead of a selling point? In Mexico, for instance, the share of customers who said they were "absolutely certain" to buy a Coca-Cola product in the near future fell from 40% in January to 28% in February before rebounding to 34% in April, according to Morning Consult data. Coca-Cola CEO James Quincey said that some Latino consumers in the United States and in Mexico pulled back on their purchases of the company's products during the first quarter after videos circulating on social media in February said, without evidence, that Coke had reported some of its own employees to US immigration authorities. Quincey said that the videos were "completely false, but they impact the business" anyway. McDonald's CEO Chris Kempczinski said during an earnings call last week that the fast-food chain didn't see a hit from diners abroad pulling back in results during the first quarter. But the chain did note an uptick in anti-American sentiment generally, he said, especially in Canada and Northern Europe. "What we have seen in our survey work is that there has been an increase in people in various markets saying that they're going to be cutting back their purchase of American brands," Kempczinski said. Since the start of the year, Japan-based Suntory Holdings has been bracing for a hit to Jim Beam and Maker's Mark, two American whiskey brands it owns. Suntory expected that in 2025 American products would be "less accepted by those countries outside of the US because of first, tariffs and, second, emotion," CEO Takeshi Niinami told the Financial Times in February. Suntory did not respond to questions about how the whiskey brands have performed in recent months. Instead of buying products associated with the United States, foreign consumers could shift their spending to local brands. That's already happening in Canada, where shoppers are eschewing US products at grocery stores and other retailers in favor of Canadian-made equivalents. "The risk for US brands is that consumers' growing antagonism toward the United States resulting from an onslaught of tariffs emanating from Washington will cause them to seek out alternative goods and services provided by local and foreign (non-U.S.) brands," Morning Consult wrote in its April report. Not all big US brands that sell abroad are feeling the same pinch. Tapestry, the company that makes luxury purses and other accessories under the Coach and Kate Spade New York brands, said on Thursday that it wasn't seeing any sales slowdown due to anti-American sentiment abroad. Levi Strauss & Co., the jeans brand, said that its sales haven't been affected either. CFO Harmit Singh said on an earnings call in April that "we're entrenched with the local consumers" in other countries. He added that in some international markets, Levi Strauss has been selling jeans for several decades. "Right now, international business is fairly strong," Singh said. Read the original article on Business Insider
Yahoo
11-05-2025
- Business
- Yahoo
American brands like Coke and Jim Beam are paying the price abroad for Trump's trade war
Backlash to tariffs and other US policies has hit some of the biggest American brands. Some shoppers abroad are avoiding products like Coca-Cola and Jim Beam, given their ties to the US. Not all American brands have been affected to the same degree, however. For some people abroad, a Jim Beam and Coke isn't going down as easily as it once did. Companies that make some of the biggest American brands have noted different degrees of pain as some consumers overseas avoid their products in protest of President Donald Trump's trade war. Globally, consumers are less likely to buy many major US brands than they were just a few months ago, survey data published late last month by Morning Consult found. "This suggests that overseas consumers are uniquely singling out some American brands due to their country of origin," the report says. US companies already face plenty of problems because of tariffs, mostly in the form of snarled supply chains and higher import costs. The backlash abroad points to another issue: What happens when a brand's connection with America starts becoming a liability instead of a selling point? In Mexico, for instance, the share of customers who said they were "absolutely certain" to buy a Coca-Cola product in the near future fell from 40% in January to 28% in February before rebounding to 34% in April, according to Morning Consult data. Coca-Cola CEO James Quincey said that some Latino consumers in the United States and in Mexico pulled back on their purchases of the company's products during the first quarter after videos circulating on social media in February said, without evidence, that Coke had reported some of its own employees to US immigration authorities. Quincey said that the videos were "completely false, but they impact the business" anyway. McDonald's CEO Chris Kempczinski said during an earnings call last week that the fast-food chain didn't see a hit from diners abroad pulling back in results during the first quarter. But the chain did note an uptick in anti-American sentiment generally, he said, especially in Canada and Northern Europe. "What we have seen in our survey work is that there has been an increase in people in various markets saying that they're going to be cutting back their purchase of American brands," Kempczinski said. Since the start of the year, Japan-based Suntory Holdings has been bracing for a hit to Jim Beam and Maker's Mark, two American whiskey brands it owns. Suntory expected that in 2025 American products would be "less accepted by those countries outside of the US because of first, tariffs and, second, emotion," CEO Takeshi Niinami told the Financial Times in February. Suntory did not respond to questions about how the whiskey brands have performed in recent months. Instead of buying products associated with the United States, foreign consumers could shift their spending to local brands. That's already happening in Canada, where shoppers are eschewing US products at grocery stores and other retailers in favor of Canadian-made equivalents. "The risk for US brands is that consumers' growing antagonism toward the United States resulting from an onslaught of tariffs emanating from Washington will cause them to seek out alternative goods and services provided by local and foreign (non-U.S.) brands," Morning Consult wrote in its April report. Not all big US brands that sell abroad are feeling the same pinch. Tapestry, the company that makes luxury purses and other accessories under the Coach and Kate Spade New York brands, said on Thursday that it wasn't seeing any sales slowdown due to anti-American sentiment abroad. Levi Strauss & Co., the jeans brand, said that its sales haven't been affected either. CFO Harmit Singh said on an earnings call in April that "we're entrenched with the local consumers" in other countries. He added that in some international markets, Levi Strauss has been selling jeans for several decades. "Right now, international business is fairly strong," Singh said. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
