Craft Gin Club has warned lenders that it cannot continue without a financial restructuring that will strip bondholders of promised free gin deliveries. The company is seeking a Company Voluntary Arrangement (CVA) to extinguish £4.2 million of debt in exchange for 18.3% of equity.
"Our goal is to provide a refreshing alternative that doesn't compromise on flavor or health," says Thalia Jabotian from Konnect Agency. "The response we've seen from early tastings has been overwhelmingly positive, indicating a strong market fit for PuraSoda."
Sukari Spirits positions itself as an originator and innovator of all-natural, ultra-premium spirits, with a focus on clean formulations and elevated drinking rituals.
Diageo's dividend situation has deteriorated sharply, with a rebased interim payout of $0.20 per share and a new policy establishing a minimum annual floor of $0.50, indicating a focus on debt reduction over income.
Within roughly the past six months alone, Swiftly expanded its alcohol rebate programs from about 11,000 stores to more than 33,000 stores in 44 states. Swiftly had built an alcohol cashback product in 2023 but scaled it through the acquisition of alcohol promotions platform BYBE in 2024.
Owners across the country report that fewer guests are ordering cocktails, and that missing bar revenue is squeezing margins that were already razor thin. The slowdown is hitting neighborhood joints and big casual-dining chains alike. Chefs and operators from New York to Los Angeles say alcohol sales, long the highest-margin part of the check, have slipped enough to force changes in hours, menus and staffing.
With fewer folks relying on alcohol as a social lubricant, a healthier way to interact with others has gained traction. Enter "daylife," a term coined by the fitness social app Sweatpals. "Daylife" refers to daytime social outings involving alcohol-free fitness as a way to meet new people with similar interests. "It's just the concept of using wellness, using movement as a way to meet, as a way to get entertainment and to socialize, versus relying on alcohol,' Sweatpals co-founder Salar Shahini told HuffPost.