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Premium wine and spirits and the US consumer

  • Beverages
24 April 2024

For many alcoholic beverage suppliers, 2023 was a difficult year. Bloated wholesaler inventories, a “rich-cession,” and a shift in spending priorities weighed on alcoholic beverage sales – wine in particular – and the reversal of premiumization trends was notable. We expect trends will eventually improve, but the trends affecting older and wealthier consumers present downside risks to the recovery process.

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Why Drizly never delivered

  • Beverages
  • Wine
  • Spirits
  • Beer
26 March 2024

On February 2, 2021, rideshare and delivery behemoth Uber announced its acquisition of Drizly in a USD 1.1 billion deal. At the end of this month, barely three years later, Uber will be shutting down the Boston-based startup, marking the end of the largest dedicated online alcohol marketplace in the United States. Why did Uber so abruptly and unceremoniously give up on their billion-dollar acquisition? And what does this mean for the future of online alcohol sales in the United States?

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