Category: Brands
-
Ardent Spirits Acquires Chapter 7 Whisky After Liquidation, Expands Scotch Portfolio
Ardent Spirits, the Scotland-based independent bottler and owner of Dark Matter Distillers, has purchased Chapter 7 Whisky after the company entered liquidation. The deal strengthens Ardent’s growing portfolio and reinforces its ambition to scale within the global whisky market. This acquisition comes at a time of significant change in the whiskey industry. Earlier this month,…
-
Molson Coors Takes $3.6B Goodwill Impairment, Signals Shift in Strategy
Molson Coors Beverage Company reported a $3.645 billion goodwill impairment charge in the third quarter of 2025. The writing down of its portfolio underscores the severity of the headwinds facing the U.S. beer market and beyond-beer segments. Massive Impairment Reveals Strategic Reset CEO Rahul Goyal described the impairment as a way “to check ourselves” and…
-
Molson Coors Writes Down $75 Million Bourbon Asset as Whiskey Market Weakens
Molson Coors Beverage Company, the parent of brands such as Coors Light and Miller Lite, announced an impairment of $75.3 million tied to its premium bourbon brand Blue Run Spirits. The impairment reflects a drop in the brand’s carrying value on the company’s balance sheet. Impairment Details and Financial Impact Molson Coors revealed that a…
-
MGP Reports Steep Whiskey Sales Decline as Industry Faces Global and Domestic Headwinds
One of America’s largest whiskey producers has reported a major drop in quarterly sales, highlighting the mounting challenges facing the U.S. bourbon and whiskey industry. MGP’s Third-Quarter Results Reveal Sharp Decline Indiana-based MGP, a leading producer of bourbon and rye whiskey, announced a 19 percent decline in consolidated sales to $130.9 million in the third…
-
Asahi Investigates Possible Data Breach After September Cyber Attack
Source: The Drinks Business Japanese brewing giant Asahi Group Holdings is investigating whether personal information was exposed during the cyber attack that hit the company in September. The brewer said it is still assessing how much data was accessed and who might be affected. Possible Data Exposure Detected In its latest update, Asahi confirmed that…