Food & Drink

22nd April, 2021 by Nicola Carruthers Mezcal brand Madre has secured US$3 million in funding to launch new products and expand its availability across the world. Madre Mezcal is available in the US, Canada and Europe The funds were raised through a Series A round, led by New York City-based venture firm Room Nine. The
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Amber Beverage Group-owned distributor Cellar Trends has appointed Douglas Cunningham as CEO. Cellar Trends has named Douglas Cunningham as its new CEO Cunningham succeeds Simon Thomas who left the firm to pursue an opportunity outside the group. Cunningham steps into the role of CEO while also maintaining his position of managing director at Indie Brands,
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Absolut owner Pernod Ricard saw organic sales return to growth in the first nine months of fiscal 2021, driven by a double-digit increase in the third quarter. Absolut vodka’s sales continued to decline in Q3 For the nine months ending 31 March 2021, Pernod Ricard’s sales grew 1.7% to €6.9 billion (US$8.3bn), which marked the
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