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…
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…
Source: American Whiskey Association (AWA) During a recent appearance on Fox Business’s Varney & Co., Michael Bilello, President and CEO of the American Whiskey Association (AWA), shared his vision for expanding the reach of American whiskey across the globe. Driving Global Growth: Making American Whiskey the World’s Whiskey Bilello explained that the AWA’s mission is…
