
Business of Drinks
By Business of Drinks
We take a data-driven approach, analyzing the brands, products, and categories that get consumers excited. And we cover many drinks categories — from wine, beer, and spirits to non-alcohol drinks — as well as THC, adaptogen, and functional beverages.
So whether you’re working in drinks — or just interested in the stories behind your favorite brands — join us each week as we explore how companies are unlocking growth at every stage in the game.


What Buyers Actually Want: How to Sharpen Your Sales Strategy With Erik Segelbaum
What actually makes a buyer say yes?
In this episode of Business of Drinks, we sit down with Erik Segelbaum, founder of Amalfi Beverage Company and creator of Certo Cocktails, to break down how sales actually happen in the drinks industry when you’ve been responsible for a $100M+ beverage program across nearly 50 venues, trained top-tier sommeliers, and now have your own product on the line.
This is a look at selling from the buyer’s seat — how decisions get made, what gets ignored, and why so many pitches never land.
His starting point challenges how most people approach sales: “It is not about your product strengths. It is about understanding the buyer’s needs.”
From there, Erik walks through how strong reps approach accounts differently — often long before they ever introduce a product.
Why top performers spend time in accounts first, observing how they operate before ever asking for a meeting
How buyers evaluate products in terms of time, revenue, and ease of execution — not just taste or story
Why leading with discounts or accolades can weaken your position instead of strengthening it
The conversation also gets into how relationships actually work in this business. As Erik explains, a single order is one thing. Being the person a buyer calls first — and keeps coming back to — is something else entirely. That difference is what determines who gets placements, and who keeps them.
Erik also pushes on how the industry thinks about pricing and profitability: “You don’t put percentage points in the bank.” He explains how buyers think about total dollars, repeat orders, and turnover — and why those factors often matter more than hitting a target margin on a single sale.
One of the most memorable moments comes from a stadium example. Watching a bar take minutes to produce each drink, Erik calculated how much revenue was being left behind simply due to speed of service. The gap ran into the tens of thousands of dollars over a 20-minute window.
Throughout the episode, Erik returns to a simple idea: Strong salespeople make themselves useful to the buyer. “Make the case for why this makes sense for them.”
Resources mentioned in the episode:
Improving Revenue Through Transactional Psychology, Part 1 (p 14)
Improving Revenue Through Transactional Psychology, Part 2 (p 14)
Improving Revenue Through Transactional Psychology, Part 3 (p 14)
Improving Revenue Through Transactional Psychology, Part 4 (p 16)
Improving Revenue Through Transactional Psychology, Part 5 (p 16)
Tips to Maximize the Profitability of Your By-The-Glass Program (p 20)
How to Price Pours and Control Costs by The Glass (p 16)
Understanding Blended Cost of Goods and Sales Frequency (p 16)
For the latest updates, follow us:
Business of Drinks website (sign up for our newsletter!)
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.

112: How Decoy Built a 1M+ Case Platform With CGO Jeff Ngo of The Duckhorn Portfolio - Business of Drinks
Wine may be under pressure — but some brands are still growing. The question is how.
In this episode of Business of Drinks, we sit down with Jeff Ngo, EVP, Chief Growth Officer at The Duckhorn Portfolio, to break down how Decoy has scaled into a multi-tier platform brand — and why it continues to gain share in a flat category.
The numbers tell the story. For the 52 weeks ending January 25, 2026 (Circana):
Decoy Core: ~1M cases, +4.6% volume, +3.5% dollars
Decoy Limited: ~144K cases, +24% volume, +18.7% dollars
Decoy Featherweight: ~28.6K cases, +80% volume, +74.7% dollars
Impressive results by any measure — but this isn’t incremental growth. It’s a case study in how to build a platform inside a mature category, with each tier playing a defined role:
Core ($15–$20): Scale, consistency, and national distribution
Limited ($25–$30): Premium trade-up and margin expansion
Featherweight ($20–$25): Moderation and new consumer entry
Jeff explains how this was built intentionally — not as SKU expansion, but as consumer-led architecture. Each line targets a distinct audience and occasion, from socially influential “tastemakers” to younger consumers seeking lower-calorie options that still deliver on taste.
Key takeaways for operators:
Scaling requires saying no — to discounting, SKU sprawl, and short-term volume grabs that erode brand equity
At 1M+ cases, consistency becomes the brand; sourcing, production, and execution must align across every channel
Platform thinking beats product thinking; growth comes from structure, not just innovation
Premiumization still works, but only when brands clearly overdeliver on value
Distribution follows demand; brands that pull win more support than those that push
Jeff also shares how private equity ownership has shifted the focus toward long-term value creation, and how cross-category learnings are shaping digital and growth strategy.
For founders, this is a clear look at what changes when you move from early traction to true scale — and why most brands struggle to make that leap.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

111: Inside Marriott’s Beverage Playbook With Gary Gruver, Global Beverage Strategy Director - Business of Drinks
What does it actually take to win — and keep — placement inside one of the largest hospitality systems in the world?
In this episode, we sit down with Gary Gruver, Director of Global Beverage Strategy at Marriott International, who helps shape beverage programs across 30+ brands, 130+ countries, and a system approaching 10,000 hotels.
If you’ve ever thought, “If we could just get into Marriott,” this conversation might change your thinking, because there is no single “Marriott.” There are fundamentally different business models — from luxury properties like Ritz-Carlton and St. Regis to high-volume select-service concepts — each with its own economics, velocity expectations, and operational constraints.
And, as Gary shares, most brands underestimate what happens after placement.
It turns out that getting on the menu is maybe 20% of the work. The rest is execution — distribution, inventory reliability, training, and boots-on-the-ground activation. Without that, even great liquid disappears.
Key insights:
🔶 Why “getting into Marriott” is the wrong goalEach tier — luxury, premium, select — requires a different product, story, and service model. In select-service, drinks need to be made in under 60 seconds. In luxury, it’s about theater and storytelling.
🔶 The real KPIs are velocity and operational reliabilityOut-of-stocks, weak distributor alignment, or lack of sales support will kill a brand’s placement. If a product can’t be consistently ordered and sold, it becomes a liability.
🔶 Placement does not equal success — activation doesMarriott doesn’t “sell your brand” for you. Without education, bartender engagement, and ongoing programming, even standout products stall.
🔶 How emerging brands can break in (without scale)Start local, build traction at a single property, and over-communicate wins. Then expand regionally. Corporate programs follow proven demand — not the other way around.
🔶 Back bar math: What gets cut (and why)Shelf space is finite. Slow movers get displaced. New products win only if they outperform on velocity or bring a compelling new POV.
At its core, this episode is about operational excellence. Hospitality is one of the most demanding environments for a beverage brand. If you can win here, you’re not just visible, you’re viable.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
Subscribe to the Business of Drinks channel for more insights on how brands, retailers, and operators are unlocking growth across beverages. And please rate and review us. Your support helps us reach new listeners. Thank you!

110: How Pierre & Antonin Built a 400K-Bottle Brand on Hybrid Grapes With Antonin Bonnet - Business of Drinks
What happens when you rebuild French wine from scratch — without appellations, without traditional grapes, and without the assumption that younger consumers care about either?
In this episode, we sit down with Antonin Bonnet, co-founder of Pierre & Antonin, a fast-growing French wine brand scaling a very specific idea: Natural wine at a true mass-premium price point.
The numbers and positioning are what make this story compelling. Pierre & Antonin produced ~350,000 bottles last year and is targeting ~400,000 this year, expanding across 20+ export markets. But the real unlock is how they got there — by rethinking everything from grape selection to packaging to brand storytelling.
At the core is a contrarian bet: Hybrid “resistant” grape varieties. Long dismissed by the traditional wine industry, these grapes dramatically reduce vineyard inputs — less spraying, lower labor, lower cost — enabling the brand to hit a $15–$20 price point while maintaining margins.
That economic model is paired with a sharp read on the consumer. Their average drinker is 26–27 years old — a cohort that prioritizes taste, price, sustainability, and story over varietal pedigree or appellation.
And critically, the business is built around velocity, not tradition:
Product-market fit: Pet Nat was the breakout SKU, driving ~60% of volume globally
Retail unlock: Landing Trader Joe’s doubled revenue and validated U.S. national demand
Go-to-market: Instagram collaborations outperform paid ads for reaching urban Gen Z consumers
Brand strategy: Simplified labels and back-label education reduce friction at shelf
There’s also a deeper industry question running through this conversation: Is wine overbuilt for the next generation?
While the trade debates appellations and varietal purity, Pierre & Antonin is building for accessibility — in price, in messaging, and in experience. The result is a brand that’s growing by aligning sustainability with economics, not just storytelling.
For drinks founders, this episode is a case study in identifying white space, challenging category assumptions, and designing a business model that actually works at scale.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

109 How Angel Investors Evaluate Drinks Brands With Katie Dunn of Masthead Strategies - Business of Drinks
What does it actually take to raise angel capital in today’s drinks market?
In this episode, we sit down with Katie Dunn, Principal at Masthead Strategies and an active angel investor across consumer brands, to unpack how early-stage investors are really evaluating beverage companies right now — and where founders are getting it wrong.
Today’s funding climate is no doubt challenging: Capital is tighter, the category is more crowded, and raising money requires far more than a compelling story. Katie shares a clear look at what angels expect — starting with returns.
TL;DR - This isn’t passive money. Angel investors are underwriting for 5–10x outcomes, which means founders need a credible path to scale, strong margins, and a clear view toward exit.
Katie breaks down why most early-stage drinks brands should be raising $250K–$500K to fund 12 months of runway — and tying every dollar to revenue-driving activities like inventory, sales, and market expansion. Overpaying yourself, cleaning up old debt, or raising more than you need? Those are immediate red flags.
We also get into the structural mistakes that kill deals, like messy cap tables, too many small investors, and stacked SAFEs at different valuation caps. These are common in beverage — and often make brands uninvestable before they even reach scale.
At the early stage, though, it’s less about the liquid and more about the founder. Katie explains why she prioritizes customer obsession, category expertise, and coachability — and how she tests for it. Founders who don’t deeply understand their competition, their numbers, or their path to margin expansion rarely make it through diligence.
There’s also an important message on product-market fit: Prove it in the market, not the deck. The brands that win are iterating quickly, listening to customers, and resisting the urge to scale into large retail before they’re operationally ready.
If you’re raising capital — or planning to — this episode is a tactical look at how investors actually think, what they’re looking for, and how to position your brand to win.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

108: How Butter Wines Scaled to 800K Cases With Founder John Anthony Truchard - Business of Drinks
What happens when a small experimental wine project turns into one of the most recognizable brands in the grocery store?
In this episode of Business of Drinks, we sit down with John Anthony Truchard, Founder and CEO of John Anthony Wine & Spirits, the company behind Butter Wines.
What began as a 1,000-case experiment in 2009 has grown into a brand approaching 800,000 cases annually, with Butter itself scaling to more than $85 million in revenue. At one point, the brand controlled roughly 18% of the $15–$20 Chardonnay segment in the U.S. — an extraordinary share in a crowded category.
Even more unusual: The brand achieved that scale without outside investment. Instead of venture capital, Truchard relied on bank financing, disciplined inventory management, and one “north star” signal — strong consumer pull.
As he explains in this episode, aggressively scaling Butter wasn’t the riskiest decision he made. It was the least risky because the wine kept selling out in the markets where it launched.
We unpack how Butter found its market seam by delivering a rich, barrel-style Chardonnay at a price point between mass brands like Kendall-Jackson and premium players like Rombauer. Truchard also explains how the company engineered a premium flavor profile at scale, and how he started with small, scrappy distributors before transitioning to national distribution with Southern Glazer’s and RNDC.
Along the way, he shares candid lessons about growth — including the risks of locking in long-term grape contracts during boom years and how those decisions create difficult adjustments when the market softens.
Finally, we discuss the company’s structured approach to innovation. Instead of chasing trends, the team follows a disciplined process — evaluation, innovation, execution, iteration — and then decides whether to accelerate a product or retire it.
That framework has already produced Butter Light, now one of the fastest-growing light Chardonnays, and Butter Zero, which launched with 18,000 points of distribution before its first release.
For founders and operators, this episode is a masterclass in scaling a drinks brand with focus, discipline, and the confidence to double down when the market says yes.
For the latest updates, follow us:
Business of Drinks website (sign up for our newsletter!)
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

107: How Drinks Brands Get Into Hyatt Hotels — With Beverage Director Miranda Breedlove - Business of Drinks
How do large hospitality groups decide which drinks brands make it onto their menus — and which ones don’t?
In this episode of Business of Drinks, we sit down with Miranda Breedlove, Beverage Director for The Lifestyle Group at Hyatt, to unpack how beverage decisions actually get made inside one of the world’s largest hospitality companies.
Miranda oversees beverage strategy across 70+ lifestyle properties and roughly 75 venues spanning brands like Thompson Hotels, Andaz, Dream Hotels, and The Standard. Unlike many hotel groups, Hyatt’s lifestyle division doesn’t replicate bar concepts. Each property has its own identity and sense of place, which means beverage programs must balance national supplier partnerships with local creativity.
For drinks founders, distributors, and operators, the conversation offers a rare look at how hospitality groups evaluate brands — and what it takes to scale inside those systems.
• Distribution is the first gatekeeperBefore a brand can even be considered for multi-property hospitality programs, it must demonstrate reliable distribution, consistent pricing, and strong distributor coverage across markets.
• Scaling usually starts with a pilotEven promising brands rarely roll out everywhere immediately. Miranda often tests new products in three to five properties across different markets before expanding further.
• Local support drives successBrands gain traction when reps educate bar teams, build relationships, and actively support the account. Teams respond to people and stories — not just bottles.
• National structure, local identityHyatt provides a national framework, but each property adapts its beverage program to reflect the local market and guest profile.
• Experiential activations winGuest bartender takeovers, masterclasses, and other immersive experiences keep teams and guests engaged far more effectively than routine promotions.
• Data is an underused advantageTools like menu matrix analysis and strong P&L literacy help operators identify which drinks truly drive profitability.
If you want to understand how hospitality groups actually make beverage decisions, this episode offers a rare look behind the curtain.
For the latest updates, follow us:
Business of Drinks website (sign up for our newsletter!)
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

106: How XXL Scaled to 2.5 Million Cases in Three Years With Kaitlin Silva of Tri-Vin Wines & Spirits
In an era of low-and-no headlines, one contrarian wine brand leaned into flavor high ABV. It scaled to 2.5 million cases in just three years.
In this episode of Business of Drinks, Erica sits down with Kaitlin Silva, Director of National Accounts at Tri-Vin Wines & Spirits, to unpack how XXL went from roughly 85,000 cases in its first year (2023) to 2.5 million cases in 2025, while much of wine was flat or declining.
The story isn’t just about virality; it’s about execution.
XXL didn’t start by winning Walmart. It was built in independent markets first - including roughly 100,000 cases in Maryland and about 300,000 cases in New York in year two. Consumers were actively looking for the brand. That pull-through gave Tri-Vin leverage when approaching national chains.
Kaitlin offers a rare inside look at how national accounts actually function, with two reset windows a year and six-to-eight-month feedback loops. It’s a “hurry up and wait” cycle where you’re pitching into fall’s reset before knowing your spring results.
We also discuss how data is the real language of chains. Kaitlin talks about living in SKU rankings, flavor segmentation, and state-by-state performance slicing. As she says, you may not be top 100 overall - but you might be top 5 within a specific subsegment in that region, and that’s the conversation that opens doors.
Perhaps most interesting for trade listeners: Velocity is currently winning over pure margin optimization. Many chains are focused on moving units and driving incremental shoppers in a value-conscious environment. XXL’s ability to turn - and to bring new consumers into the wine aisle - has been central to its expansion.
If you’re building a beverage brand, pitching national accounts, or trying to understand where wine’s real growth pockets are emerging, this episode offers perspective on how independents create momentum, how data earns scale, and why sometimes the biggest opportunity comes from zigging while everyone else zags.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

Inside Btomorrow Ventures’ £200M Fund With Karen Xiang
What does “smart money” actually mean in beverage — especially in one of the most capital-intensive categories in CPG?
In this sponsored episode, we sit down with Karen Xiang, Investment Lead at Btomorrow Ventures, the corporate venture arm backed by British American Tobacco. And we go deep into how corporate venture capital is evolving — and what it really means for founders building functional and full-size beverage brands today.
Btomorrow Ventures (BTV) is not a traditional VC fund. With a £150M first fund and a newly launched £200M second fund, BTV is investing across “better brands” and “better habits” — with a particular focus in the U.S. on full-size functional beverages and functional snacks. But capital is only part of the story.
Karen explains how BTV’s new in-house growth platform is designed to unlock operating leverage — connecting portfolio brands to distribution pilots, commercialization support, data analytics, and internal expertise inside a global FMCG infrastructure.
For founders, this episode is an insightful discussion about:
• What corporate venture capital (CVC) actually is — and how it differs from traditional VC
• What to ask before taking strategic capital
• Why beverage remains a difficult category for many VCs — and what that means for your cap table
• How to think about partnering with strategics without becoming “the last fry on the truck”
Karen also offers a thoughtful framework for avoiding trend-chasing in drinks. In a world of protein pivots and format fads, she argues that fundamentals — consumer clarity, occasion ownership, distribution sequencing — still win over time.
For investors, we explore how BTV thinks about co-investing rather than competing — and why having a strategic partner on the cap table can accelerate growth across the entire syndicate.
If you’re a founder navigating functional beverage, a co-investor evaluating corporate capital, or an operator thinking about long-term category shifts, this episode offers a rare inside look at how one of the industry’s more nuanced CVC models is building in the U.S.
As always, we focus on the mechanics of growth — not just the headline numbers, but how brands actually scale.
Listen in for a grounded, strategic conversation about capital, distribution, and the future of value-add investing in drinks.
For the latest updates, follow us:
Business of Drinks:
Business of Drinks website (sign up for our newsletter!)
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

105: How Blake’s Beverage Company Scaled to 2M Cases With Founder Andrew Blake - Business of Drinks
What does it take to turn a 1,500-acre family orchard into the second-largest cider company in the U.S.?
In this episode of Business of Drinks, Caroline sits down with Andrew Blake, Founder and CEO of Blake’s Beverage Company, to unpack how a seasonal agricultural business evolved into a national beverage platform selling just over 2 million cases annually across 44 states.
Blake’s began with a barn renovation and a tasting room designed to smooth out harvest-driven revenue. Six months later, a distributor knocked — and Andrew had to learn distribution on the fly. The move changed the trajectory of the company, but not without cost.
For founders, this is a grounded look at what scaling through the three-tier system actually requires. Andrew shares how the business was profitable in direct-to-consumer agritainment — then lost money entering distribution. The takeaway: Distribution is a long game, with upfront margin compression, trade spend, and capital intensity that many underestimate.
We also dig into the mechanics of growth. Blake’s expanded from a 5,000-square foot facility to a multi-plant footprint in Michigan, New York, Texas, and Oregon to de-risk apple supply and mitigate crop volatility. Today, the company manages roughly 200 distributors and nearly 200 beverage-focused employees within a broader 1,100-person enterprise.
Two hero SKUs anchor the portfolio: Triple Jam (~350,000 cases projected this year) and American Apple (~300,000 cases and accelerating). Andrew’s view aligns with broader data: Younger consumers are drinking less volume but seeking more flavor and impact — and cider’s flavor-forward profile is resonating.
Category-wise, cider still accounts for under 3% of beer share in the U.S., compared to 7–8% in more mature markets. Andrew believes there’s room to expand — through premiumization on one end and new value plays, including a more aggressive push into convenience, on the other.
We also explore Blake’s roll-up strategy with Austin Eastciders and Avid Cider, and Andrew’s caution to founders eyeing acquisitions: Cut synergy projections in half and assume everything will take longer than planned.
If you’re building in beverage — especially in a capital-intensive, agricultural category — this episode offers real insight on distribution strategy, capital discipline, and earning mindshare at scale.
Because as Andrew puts it: There’s no finish line. The job just gets bigger.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

104: How The Pathfinder Drove 80% YOY Growth With Co-Founder Chris Abbott - Business of Drinks
What does it actually take to build a non-alcoholic spirit that the bar world respects?
In this episode of Business of Drinks, Chris Abbott, co-founder of The Pathfinder, walks us through how the NA brand scaled to more than 20,000 nine-liter cases in 2025 — up over 80% year-over-year — by doing something many emerging brands skip: Earning credibility on-premise first.
From Day One, The Pathfinder wasn’t positioned around what it doesn’t have. Instead, the team spent two years developing a fermented and distilled hemp-seed base, layered with 20 botanicals, so bartenders could treat it like a real spirit. Their key insight? If you want back-bar respect, build like a spirits brand — not a wellness brand.
Chris shares why they went after the hardest accounts first — bars you can’t buy your way into — and how landing 50 to 100 serious on-premise placements before leaning on distributors changed the entire conversation. As he observes, case studies are helpful, but visible traction in elite accounts is what turns heads inside distribution (and for consumer brand awareness).
He’s also transparent about what really motivates distributor partners. It’s not just growth charts. It’s whether reps believe they can make money selling the brand. Once that clicks, velocity follows.
We talk about the unexpected upside of scarcity (including an early COVID-era stockout that created outsized buzz), why the company resisted the typical CPG urge to launch multiple SKUs too early, and how RTDs were introduced later as a smart trial and versatility play — not as a distraction from the core bottle.
Retail expansion through Total Wine and Whole Foods became another proof point. When Pathfinder started selling in markets where the founders weren’t personally hand-selling or training staff, that’s when they knew product-market fit had moved beyond the echo chamber.
At its core, this is a conversation about disciplined growth. Chris returns again and again to fundamentals: Unit economics, profitable scaling, and earning the right to expand into new states and new channels.
If you’re building in non-alc, spirits, THC, functional, or any emerging drinks category where credibility with the trade matters, this episode offers a replicable blueprint for how to do it — and how to scale without losing focus.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

103: How The Original Pickle Shot Became a 110K-Case Brand With Co-Founder John King - Business of Drinks
What looks like a novelty on the shelf can be a very real business when the fundamentals are right.
In this episode of Business of Drinks, we sit down with John King, co-founder and owner of The Original Pickle Shot, to unpack how a bartender-born ritual turned into a nationally scaled spirits brand.
The numbers tell the story. The Original Pickle Shot is now selling roughly 110K 9-liter cases annually, growing ~15% year over year, and ranks as the 10th largest flavored vodka in the U.S. — all without outside investment. What many assume is a niche product is, in reality, a high-velocity business driven by occasion, community, and repeat purchase.
John walks through what product-market fit actually looked like for the brand — not hype or marketing spend, but watching depletions rise organically as consumers pulled the product through retail. Early success came off-premise first, with 50 mL bottles driving trial and 750 mLs becoming the fastest-growing format as the brand earned its place in party and tailgate occasions.
For founders, this episode is a candid look at the trade-offs of staying self-funded. John shares how reinvesting every dollar back into the business forced discipline around expansion, prevented “false volume,” and slowed state rollouts until the company had the operational backbone to support them. The cost: Years of personal sacrifice and saying no to capital. The benefit: Control, speed of decision-making, and sustainable velocity.
Distributors and retailers will appreciate John’s clear-eyed take on partnerships — why beer vs. spirits houses matter less than alignment on expectations and margins — and how fun, irreverent brands still need hard data to win shelf space.
If you’re building, selling, or scaling a drinks brand and want a grounded example of how a so-called niche becomes a category leader, this conversation delivers real-world lessons.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

102: What’s Really Driving Growth at a $50M Independent Retailer - With Jon Halper of Top Ten Liquors - Business of Drinks
What does growth actually look like inside today’s liquor stores — and where is it no longer coming from?
In this episode of Business of Drinks, Jon Halper, CEO and owner of Top Ten Liquors, offers a rare operator-level view into how consumer behavior is evolving across wine, spirits, beer, non-alcoholic, and THC-adjacent categories — and what those shifts mean for brands trying to win at retail.
Top Ten Liquors operates 15 stores across Minnesota and generates more than $50 million in annual sales, giving Jon a front-row seat to category change at real scale. From that vantage point, he challenges a core industry assumption: That consumers shop by category. Instead, Jon sees shoppers choosing based on occasion, mood, and desired effect — and flexing between alcohol, lower-alcohol, non-alcoholic, or THC products depending on the moment.
For traditional alcohol brands, Jon explains why growth is no longer reliably driven by classic trade-up behavior. Premiumization still exists, but it’s uneven and episodic, while frequency and basket size are under pressure. He discusses how GLP-1 drugs are already influencing drinking behavior — particularly among higher-income, health-conscious consumers — reducing consumption occasions rather than eliminating them outright.
That shift toward intentional consumption is showing up across emerging categories as well. Jon shares how format and function are becoming critical growth levers, whether that’s single-serve spirits, lower-dose options, or non-alcoholic products that fit specific occasions rather than trying to replace alcohol entirely.
Within THC, he offers a concrete example of how this plays out at retail: Edibles now account for nearly 25% of Top Ten’s THC sales, while beverage remains the primary entry point. Importantly, he frames this not as category cannibalization, but as incremental behavior driven by use case — a pattern brands across all drinks categories should be paying attention to.
For brands, distributors, and investors, Jon outlines what retail partners now expect: Smarter assortments over more SKUs, depth in fewer markets, and execution that reflects how consumers actually shop today. He also frames alcohol as a cyclical category in a slower phase, arguing that the companies who adapt during this period will be best positioned when growth returns, potentially post-2026.
If you want a grounded, data-backed view of how adult beverage growth is actually being built — and constrained — at the point of sale, this episode delivers.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Thank you!

101: From Launch to $25M: How Uncle Arnie’s Scaled Its THC Beverages - With CEO Theo Terris - Business of Drinks
Uncle Arnie’s is one of the most compelling growth stories in THC beverages right now — and this episode breaks down how it actually happened.
Since launching in 2020, the THC drinks brand has delivered roughly 100% growth each year, scaling from about $400K in Year 1 to more than $25M in revenue today. It’s now one of the largest THC beverage brands in California, with a rapidly expanding national footprint across both regulated cannabis and hemp markets.
In this episode, Theo Terris, co-founder and CEO of Uncle Arnie’s, walks through how the company built momentum in a fragmented, highly regulated category — despite having no background in beverage, cannabis, or CPG. That outsider perspective shows up everywhere: From approachable branding and packaging that educates consumers, to a relentless focus on partners and execution.
Theo explains why Uncle Arnie’s leaned into full-flavor, familiar formats like teas, lemonades, sodas, and functional shots instead of chasing seltzer trends — and how thoughtful dose architecture (2.5mg, 5mg, 10mg) unlocked both sessionability and compliance across myriad state-by-state regulations. He also details how consumer education, including clear onset-time cues on packaging, helped reduce friction for first-time buyers and retailers alike.
The conversation offers a rare, unvarnished look at what scaling actually looks like in THC beverages. Theo breaks down how Uncle Arnie’s approached distribution market by market, why merchandising remains one of the category’s biggest challenges, and how mature states like California and Minnesota provide a preview of where the space is headed.
For investors, Theo shares how Uncle Arnie’s raised capital opportunistically — recently closing a $7.5 million Series A with Mindset Capital, Delta Emerald Ventures, and strategic investor Harry Rubin of Boston Beer — and why mentorship and operational rigor mattered as much as funding. Even amid regulatory uncertainty, the brand continues to expand, landing in major retail chains and adding new points of distribution.
The bigger takeaway: This isn’t a hype-driven THC story. It’s a grounded, data-aware discussion about building a real beverage business in a nascent and rapidly changing category.
Whether you’re a drinks founder, retailer, distributor, or investor tracking where the next major beverage movement is forming, this episode delivers insight into what’s actually working — and what matters most when scaling in emerging categories.
Don’t miss our next episode, dropping on February 4.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Thank you!

100: 2026 Drinks Trends: A Meta Analysis of Top Industry Reports - Business of Drinks
Episode 100 is a milestone moment for Business of Drinks — and instead of looking backward, we’re doing what this show has always done best: Looking ahead.
In this special episode, Erica Duecy, Scott Rosenbaum, and Caroline Lamb break down the biggest drinks trends shaping 2026, using a meta-analysis of 16 leading industry trend reports. The goal isn’t hype, it’s pattern recognition. We’re pressure-testing what’s structural, what’s actionable, and what actually matters for founders, operators, and drinks leaders navigating a complex market.
Across the first 100 episodes, one pattern has held true: Trends only matter if they translate into execution. This conversation applies that lens to what’s coming next.
Here’s a preview of what’s to come:
🔶 Third spaces are evolving.Bars, cafes, and beverage-led venues are becoming modern community hubs — earlier, lighter, and more intentional. Drinks aren’t the point; they’re the facilitator. As digital life accelerates, in-person connection is becoming a growth driver.
🔶 Zero-proof is moving to the center of the menu.The “mocktail section” is officially outdated. Non-alcoholic options are now core to menu design, driving inclusion, incremental occasions, and revenue. These drinks are not replacing alcohol, but expanding the total addressable audience.
🔶 Better-for-you becomes a growth engine.Lower sugar, lower alcohol, and functional benefits are no longer niche. From NA wine surpassing $100M in U.S. retail sales to better-for-you wines topping $250M, these products are pulling consumers into the category, not pushing them out.
🔶 Smart caffeination replaces energy extremes.Matcha, yerba mate, hojicha, and tea-forward formats are redefining caffeine as a tool for focus, calm, and ritual. They expand daytime drinking occasions with or without alcohol.
🔶 Premium faces a reality check.Consumers still want premium, but only when it delivers meaning. Emotional connection, storytelling, and experience now justify price, while “drinkflation” without value hits resistance.
🔶 Showmanship and sensory experience rise.Texture, garnish-as-snack, flavored ice, and immersive storytelling are redefining drinks as multi-sensory experiences. Great liquid alone is no longer enough.
This episode is both a thank you to the Business of Drinks community and a field guide for what’s next. One hundred episodes in, the mission remains the same: Cut through the noise, learn from what’s working, and help the drinks industry grow smarter, faster.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

The New Rules for Brand Building — With the Founders of Nihilo - Business of Drinks
Nihilo is a rare creative agency in beverage that treats branding as a business discipline, not a design exercise.
In this sponsored episode of Business of Drinks, co-founders Margaret Kerr-Jarrett and Emunah Winer join us to unpack their newly released 2026 New Rules Report and what it reveals about how the most effective drinks brands are actually being built right now.
The New Rules Report is the centerpiece of this conversation. Based on deep discussions with founders, operators, and investors across beverage alcohol and non-alc, it offers a practical framework for understanding how brand, distribution, fundraising, and operating choices intersect. This isn’t a list of trends or a lookbook. It’s an operating lens for founders navigating saturation, slower capital, and changing consumer behavior.
In the episode, Margaret and Emunah explain why “looking good” is now table stakes, not a growth strategy — and why clarity of perspective matters more than polish. They share why many brands are intentionally simplifying their stories instead of over-educating consumers, how packaging and distribution choices function as brand strategy, and why real-world, IRL activation is once again becoming a primary growth lever.
They also break down several of the core “rules” from the 2026 report, including why one strong idea beats a complicated narrative, how contrarian positioning can unlock whitespace when categories crowd, and why profitability, production decisions, and funding paths quietly shape brand meaning just as much as marketing does.
If you’re a drinks founder, operator, or investor trying to understand how brands are winning in a noisy, capital-constrained environment — and how to apply those lessons to your own business — this episode offers a grounded, strategic playbook.
To access the 2026 New Rules Report, visit www.newrulesbev.com.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

99: Why Wölffer Estate Is Winning While Wine Struggles - With CEO Max Rohn - Business of Drinks
Wölffer Estate Vineyard is an example of a legacy winery that has managed to stay culturally relevant and financially healthy through one of the most challenging periods in wine.
The Hamptons-based, family-owned winery now produces roughly 250,000 cases annually and finished 2025 up single digits in both dollar sales and volume, outperforming much of the broader category. In this episode, CEO Max Rohn explains how Wölffer evolved from a local estate into a nationally recognized lifestyle brand — without outside capital, without chasing volume, and without abandoning quality.
Key takeaways for drinks founders:
🔶 Build around how people actually live and drinkWölffer anchored its growth to occasion and lifestyle, not demographics. That strategy helped Summer in a Bottle become the #3 luxury rosé in the U.S., alongside Whispering Angel and Miraval, even as the rosé category cooled overall.
🔶 Scarcity and discipline can be strategic advantagesRather than scaling as fast as demand allowed, Wölffer grew slowly and organically, constrained by vineyard supply and intentional distribution. That restraint protected brand equity and supported strong velocity at shelf.
🔶 Expansion works when it fits real occasionsWölffer’s portfolio now spans traditional wine, cider, low-ABV, and non-alcoholic — but every extension connects back to the same brand DNA. Its non-alcoholic Spring in a Bottle is now the #1 luxury NA wine in the U.S., growing roughly 100% year over year with category-leading dollars per store.
🔶 Profitability first, alwaysWith no outside investors, Wölffer focused on margin discipline, conservative production, and testing new ideas in small runs — sometimes just a few hundred cases — before scaling.
🔶 Experiences drive the brand flywheelWölffer’s Hamptons estate draws about 150,000 visitors annually, turning direct-to-consumer traffic into long-term brand loyalty that fuels off-premise and national growth.
This episode offers a playbook for wine and beverage alcohol leaders navigating today’s market: Stay focused on velocity over volume, build brands that mean something beyond the bottle, and grow in ways that reinforce — rather than dilute — what made you relevant in the first place. Listen in for more insights.
Don’t miss our next episode, dropping on January 21.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

98: The New Fundraising Reality for Drinks — With Mike Solow of 99 Proof Partners - Business of Drinks
Raising capital for a drinks brand has fundamentally changed — and Mike Solow is on the front lines of that shift.
In this episode of Business of Drinks, we sit down with Mike Solow, Co-Founder & Partner at 99 Proof Partners and Cask Strength, to unpack what founders actually need to know about fundraising right now — from equity vs. debt, to diligence, to investor expectations that most founders underestimate.
99 Proof is a boutique investment firm making early- and mid-stage investments in beverage alcohol, typically writing $500K–$1M checks across equity, debt, and real-estate-backed structures. Cask Strength, their venture-debt arm, focuses on flexible capital solutions — from barrel-backed lending to expansion and production financing — designed to fuel growth without choking a business’s runway.
Mike breaks down why equity capital has become harder to raise, why venture debt is gaining traction, and how valuation resets and shorter hold periods are reshaping the market. He explains what 99 Proof looks for in founders — experience, clarity, grit, and creativity — and why most founders still aren’t prepared for today’s diligence environment.
We also get highly tactical: What makes a deck an automatic “yes” or “no,” why messy storytelling and lack of polish kill opportunities instantly, and how 99 Proof’s publicly shared 40-plus-item diligence checklist is meant to help founders raise smarter capital — even if they never work with 99 Proof.
Mike shares real examples from the portfolio, including why brands like Archer Roose stood out early, how category overlap actually works in portfolio construction, and why “five-year exits” are increasingly unrealistic for most brands today.
The big takeaway: This is a tougher moment — but a healthier one. The correction is rewarding disciplined operators, clear communicators, and founders who understand how capital really works.
If you’re raising money, restructuring capital, or planning your next growth phase, this episode is required listening.
Don’t miss our next episode, dropping on January 14.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

97: The 2025 Drinks Industry Year-End Review - Business of Drinks
This was a year of contradictions in drinks. Structural headwinds collided with real momentum — and the brands that grew weren’t following old rules. They were aligning with how people actually drink, shop, and spend today.
In this special year-end episode, Erica Duecy, Scott Rosenbaum, and Caroline Lamb break down the biggest forces reshaping the drinks industry — across alcohol, non-alc, functional, and THC — and what they signal for growth heading into 2026.
🔶 Functional is now foundational Functional beverages — from prebiotic sodas and adaptogenic spirits to THC drinks — moved firmly into the mainstream. It’s now a $9B+ category growing at double-digit rates. Brands winning here aren’t just selling benefits; they’re anchoring products to rituals, occasions, and repeatable habits.
🔶 THC beverages hit an inflection point Low-dose THC drinks crossed a legitimacy threshold, with major retailers and alcohol distributors testing the category. Regulatory uncertainty remains, but consumer demand is clear — and early movers are scaling at real volume.
🔶 Wine isn’t broken — demand is shifting While total wine declined, several segments outperformed: White blends, alternative whites, premium rosé, non-alcoholic wine, and innovative formats like cans. The common thread is accessibility, clarity, and occasion-fit — not prestige or tradition.
🔶 Gen Z is drinking — just differently Roughly 70% of legal-age Gen Z consumers in the U.S. drank alcohol in the past six months, bringing them in line with older generations. What’s changed is how they drink: Flavor-first, value-driven, and highly occasion-specific — with easy switching between alcohol and non-alc.
🔶 Economic pressure is the biggest headwind Trade-downs, format shifts, and tighter budgets shaped every category. Premium still works, but only when tied to intentional consumption: fewer drinks, better quality.
🔶 Culture matters again Savory and umami flavors gained traction in cocktails, while nostalgia-driven branding resonated across categories. Comfort, familiarity, and emotional connection beat novelty.
Why listen? Because the brands winning in 2025 didn’t chase hype — they aligned with real consumer behavior. This episode delivers a clear, data-driven look at where growth is actually happening, and what drinks brands need to rethink going into 2026.
Don’t miss our next episode, dropping on January 7.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

96: Millennial Wine Marketing: What Actually Worked at Wente Family Vineyards - Business of Drinks
This holiday re-broadcast brings back one of our most downloaded episodes — and one of the clearest real-world playbooks for how a traditional winery can modernize its marketing without spending more money.
In this episode, Aly Wente, fifth-generation vintner and SVP of Marketing and Customer Experience at Wente Family Vineyards, breaks down how America’s oldest continuously operated family-owned winery (founded in 1883) successfully reoriented its marketing toward Millennials and Gen Z — while keeping its legacy consumers and staying true to its heritage.
The headline insight for winery leaders: Wente didn’t increase its marketing budget. It reallocated it — away from low-ROI tactics and toward channels, content, and messages that could be measured and optimized.
🔶 Stop marketing to the trade when you think you’re marketing to consumers Wente made a clean distinction between what distributors and gatekeepers need versus what actual buyers care about. For consumers, technical language like clones, appellations, and scores created friction — not confidence.
🔶 Three-second shelf ruleIf a message can’t be understood in three seconds at retail, it doesn’t belong on shelf or POS. Wente shifted from insider language to cues centered on flavor, lifestyle, and trust.
🔶 Reallocate, don’t inflate, the budgetWhen Aly arrived, roughly $500K a year was going into printed POS — much of it sitting unused in distributor warehouses. That spend was redirected into digital, where performance could be tracked and optimized in real time.
🔶 Authenticity beats polish Wente replaced stock photography with real people, real places, and real moments — family members, winemakers, vineyard teams, tasting room life.
🔶 Lifestyle is not fluff — it’s strategyWine was repositioned as part of everyday life: recipes, casual occasions, behind-the-scenes videos, and even imperfect, playful content. Engagement surged — including thousands of views on zero-budget Instagram Lives during COVID.
🔶 Consumer voices outperform criticsA simple paid ad using a real Vivino review delivered a ~10% purchase intent rate, compared to ~2% on typical awareness campaigns — a powerful signal that peer validation now drives trial.
🔶 The results were measurableIn just a few years, Wente flipped its consumer base. Today, roughly 60% of its buyers are ages 21–45, compared to a majority 55+ audience in 2020 — without abandoning its core brand identity.
This episode is essential listening for any traditional winery asking:How do we modernize our marketing, speak to new consumers, and prove ROI — without losing who we are?
For the latest updates, follow us:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening. Thank you!

How MHW Became the Infrastructure Behind Breakout Drinks Brands - Business of Drinks
This episode of Business of Drinks is supported by MHW, Ltd., a company that has quietly shaped the beverage alcohol industry for more than 30 years — often behind the scenes of brands that went on to become category leaders or major acquisitions.
MHW is a nationally licensed importer, distributor, and service provider with licenses across all 50 U.S. states and the EU. In this conversation, CEO Ryan O’Hara, EVP Scott Saul, and Senior Advisor (and former CRO) MaryAnn Pisani break down how MHW’s service-provider model helps brands navigate one of the most complex operating environments in consumer goods — without giving up control of their brand or strategy.
Key takeaways for drinks founders and operators:
🔶 Why the service-provider model matters more than everWith an estimated 75% fewer distributors than the early 2000s, consolidation has created a bottleneck that makes market access harder — even for proven brands. MHW was built to solve that structural problem, giving brands a compliant, scalable path to market while maintaining control.
🔶 Control vs. convenience in importingUnlike traditional importers, MHW doesn’t run sales or marketing. Instead, it handles compliance, logistics, fulfillment, accounting, and reporting — allowing founders to focus on brand, demand, and customer relationships without building costly infrastructure too early.
🔶 Compliance as a growth unlock, not a taxFrom helping establish categories like absinthe and cachaça to navigating FDA and TTB approvals for unconventional ingredients, MHW has repeatedly enabled innovation that otherwise wouldn’t reach market. Lesson: Getting compliance right early creates speed later.
🔶 Why MHW shows up in acquisition storiesBrands like Casamigos, Avión Tequila, Hypnotiq, and Blue Chair Bay Rum all relied on MHW during critical growth or transition phases. For acquirers, MHW’s platform allows brands to scale quickly — and decide later what to bring in-house.
🔶 What’s changed for foundersLiquid still has to get to lips — but data, digital engagement, and modern supply chains now allow brands to scale smarter. MHW’s newer offerings, including BrandArc, outsourced compliance services, and EU/UK market access, reflect how infrastructure itself has become a strategic lever.
The hidden lesson: Many of the most successful brands didn’t win by doing everything themselves — they won by knowing what to own, and what to outsource, at each stage of growth.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

95: How Une Femme Wines Scaled to 300,000+ Cases With Co-Founder Jen Pelka - Business of Drinks
Une Femme Wines didn’t scale the way most wine brands do — and that’s exactly why its story matters.
What began as the house wine at Jen Pelka’s two Champagne bars — The Riddler in San Francisco and New York — has scaled into a national brand selling more than 300,000 cases annually, with wines poured everywhere from Delta Airlines to Marriott, Kimpton, stadiums, cruise lines, and even space.
In this episode, Jen breaks down how Une Femme unlocked scale by saying yes to the right opportunities — and then rebuilding the business to support them.
The turning point came when a chance meeting led to a Delta Airlines trial that required Une Femme to ramp from 1,500 cases over two years to 6,000 cases in three months, a feat that seemed impossible at the time. But they persevered and that single partnership didn’t just change volume — it reshaped the company’s format strategy, pushing the brand into cans for sustainability, operational efficiency, and national reach.
From there, Une Femme scaled differently than most wine brands: Prioritizing national accounts and high-velocity venues over slow regional rollouts, and focusing relentlessly on freshness, tight SKUs, and operational reliability.
🔶 Format as a growth lever
Why canned wine — not bottles — became Une Femme’s primary scaling vehicle, and what founders need to understand about liners, pH, acidity, and freshness when launching cans.
🔶 Operational discipline at scale
How monthly canning runs, zero stock-outs, and a lean 10-person team support partnerships with Delta, Marriott, Levy, and Virgin Voyages.
🔶 SKU restraint
Why Une Femme has resisted SKU sprawl, phased out expensive formats, and focused on a core set of high-velocity products — while growing 70%+ YOY in a down wine market.
🔶 Channel strategy that actually works
How Jen evaluates where consumers are most open to drinking — planes, stadiums, hotels, museums — and why not every brand needs fine-dining placements.
🔶 Funding lessons to scale rapidly
How Une Femme raised roughly $16M across multiple tranches, built strong investor trust through monthly updates, and shifted focus from fundraising to sustainable profitability.
🔶 Mission with teeth
How Une Femme embedded its women-focused mission into sourcing, partnerships, and give-back — without letting purpose dilute operational rigor.
For founders navigating format innovation, national accounts, capital intensity, or the realities of scaling in a declining category, this episode is a case study in unlocking outsized growth.
Don’t miss our next episode, dropping on Dec. 24.
For the latest updates, follow us:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Thank you!

94: How OLIPOP Became a $2B Soda Disruptor - with CEO Ben Goodwin - Business of Drinks
Modern soda isn’t a trend — it’s one of the fastest-growing segments in beverage. Now a $1.8B U.S. category, up 83% YOY, according to Circana, modern soda is redefining the carbonated space with functional benefits, low sugar, and health-forward positioning.
Two brands were instrumental in creating this market: OLIPOP and Poppi. Together, they introduced consumers to gut-health sodas long before the category had a name — and they helped transform what was once a stagnant soft drink landscape into one of the hottest growth stories in CPG.
Today, OLIPOP stands as the category’s largest independent player, following Poppi’s 2025 acquisition by PepsiCo for roughly $1.95B. OLIPOP is now sold in 50,000+ doors, staffed with 200+ employees, and approaching a $2B valuation.
In this episode, OLIPOP Co-Founder, CEO and Formulator Ben Goodwin breaks down how OLIPOP carved out its own lane with a deeper scientific foundation and a product-first ethos that helped propel the entire modern soda movement.
🔶 Why modern soda emergedConsumers are shifting away from traditional soda toward gut-health rituals and low-calorie indulgence. OLIPOP meets those needs with 2–5g sugar, 6–9g fiber, and a proprietary microbiome-focused blend developed long before mainstream awareness caught up.
🔶 A scientific moat that drives real differentiationEvery OLIPOP formula goes through an in-vitro validation pipeline with academic partners, measuring fermentation, microbial shifts, and short-chain fatty acid production. The brand’s first human trial showed meaningful glucose stability versus full-sugar sodas — a cornerstone of its credibility.
🔶 Nostalgia as an acquisition strategyOLIPOP’s “modern nostalgia” flavors—root beer, grape, vintage cola—tap into emotional memory pathways, bringing lapsed soda drinkers back into the category with healthier versions of flavors they love.
🔶 Takeaways for all beverage founders• Why science is the ultimate competitive moat in beverage, creating defensibility that competitors can’t copy • How to tap into emotional relevance to unlock staying power• Why it’s essential to lead without ego, and how to do it so your organization can scale quickly
This is an essential listen for founders building in functional beverage, better-for-you categories, or the next wave of drinks.
Don’t miss our next episode, dropping on Dec. 17.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

93: Inside Aplós’ 500% Growth Year — with Co-Founder David Fudge - Business of Drinks
Aplós is one of the quickest-growing craft brands in the non-alc space — a premium functional spirit designed not to mimic tequila or gin, but to redefine what a cocktail experience can be without alcohol.
Founded in 2018 and launched in 2020, the brand is now breaking out: Approaching 100K case sales annually, their wholesale is up more than 500% YOY, and they’re on pace to double their wholesale volume in 2026. In the last 12 months, Aplós has added 1,300+ chain retail doors, and on-premise placements have climbed to 750+ cocktails across 550 accounts. The company also just announced a $5 million funding round to grow production and expand its hospitality and retail footprint.
In this episode, David Fudge, Co-Founder & CEO of Aplós, shares how the company is scaling through long-game brand building, deep bartender collaboration, and disciplined distribution strategy.
🔶 A new category, not a proxy: Aplós started with two original functional NA spirits — Ease for relaxation and Arise for social energy — each with meaningful levels of Lion’s mane and magnesium. Then they built out NA RTDs based on familiar cocktail templates.
🔶 Crafted with bartenders: Years of development with hundreds of bartenders (including mixology legend Lynette Marrero) ensured the spirits could perform like true leads in classic cocktails — neat, on the rocks, or mixed.
🔶 Brand-first architecture: David invested early in a timeless aesthetic and distinctive tone, building a brand world meant to feel established from Day One. That foundation now fuels premium pricing and cultural relevance.
🔶 Evolving from DTC to wholesale: Aplós began online to learn quickly, but its current breakout year comes from wholesale — and from learning that you cannot outsource your story. Even in non-alc, distributor management is table stakes.
🔶 On-premise momentum: From Michelin-starred programs to luxury hotels, Aplós is winning multiple menu placements per account. One Miami restaurant sells 10 cases/month of a single Aplós cocktail — a model the team now replicates in key markets.
🔶 Chain retail acceleration: Starting small with partners like Total Wine, Aplós refined velocity drivers — tastings, staff education, merchandising — before expanding nationally. Today, the brand sits in more than 1,300 chain doors and counting.
🔶 Founder lessons: David talks about intuition vs. testing, navigating functional compliance, building a craveable product, and why conviction matters in a category still finding its identity.
Don’t miss our next episode, dropping on December 10.
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening,
Thank you!

92: How FRE Became the Sleeper Giant of Non-Alc Wine — with Brie Wohld, Trinchero Family Estates
FRE is one of the most quietly powerful brands in American wine. Launched in 1992, it now holds 48% dollar share of the U.S. non-alcoholic wine market, sells ~439,000 cases a year, and is growing nearly 16% in volume YOY — all while the broader wine category softens.
In this episode, Brie Wohld, Vice President of Marketing at Trinchero Family Estates, breaks down how a 30-year-old NA brand is driving double-digit growth and helping keep wine culturally relevant for flexi-drinkers.
🔶 Legacy innovation: Why Trinchero invested early in spinning cone technology in 1992, spending more than $1M to build a quality-first NA wine more than two decades before “sober curious” entered the cultural vocabulary.
🔶 Strategic hedge: How FRE acts as both a business hedge against wine headwinds and a cultural hedge that keeps consumers walking the wine aisle and maintaining wine rituals — even on non-drinking days.
🔶 Portfolio architecture: How the team maps varietals and formats (sparkling, reds/whites, minis, new Pinot Grigio) to specific occasions without overwhelming shoppers.
🔶 Brand evolution for younger drinkers: Updating design, tone, and partnerships to speak to Millennial and Gen Z lifestyles, without alienating loyal Boomers.
🔶 Data-driven growth: Expanding to 28,000+ accounts, adding 4,000 new points of distribution YOY, leaning into grocery and mass, and using social (especially TikTok) to deliver real value — recipes, pairings, and city guides, not just bottle shots.
🔶 Moderation, not morality: Why 93% of NA buyers also purchase alcohol, and how FRE leads with a message of “choice over judgment” to support everything from Dry January to zebra striping.
If you’re building a legacy brand — or trying to future-proof one — this episode is a playbook on staying relevant, expanding occasions, and using non-alc as a growth engine rather than a threat.
Don’t miss our next episode, dropping on December 3.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

91: The Playbook Behind Yerba Madre’s Rebrand with CEO Ben Mand - Business of Drinks
Rebranding a beloved, 29-year-old beverage is one of the riskiest moves a CEO can make. But in this episode, Ben Mand, CEO of Yerba Madre, walks us through how he pulled off what most leaders avoid: renaming and relaunching a legacy brand — with full community support — and reigniting growth in the process.
Under 4% of Americans even know what yerba mate is, yet Yerba Madre (formerly Guayakí) generates nearly $200 million in annual sales and dominates a fast-emerging category. When Ben took over in 2024, the business wasn’t growing, innovation had stalled, and profitability was strained. Within a year, he streamlined the supply chain, rebuilt the route to market, launched new innovation, and guided a high-stakes rebrand that consumers embraced — thanks to months of groundwork with the brand’s 10,000+ loyal ambassadors.
For drinks entrepreneurs, this episode breaks down the tactics, sequencing, and frameworks behind one of the most successful rebrands in beverage.
Top Takeaways for Drinks Entrepreneurs
🔶 How to rebrand without losing your base.
Ben shares the playbook: deeply engage your most loyal consumers, treat the new name as an “empty vessel,” and build meaning through community participation. (It worked — consumers helped evangelize the launch.)
🔶 Why SKU breadth drives velocity.
Yerba Madre sees the whole line lift once they hit 6–8 facings in a refrigerator case. Half their consumers drink 3–7 flavors, making variety a core velocity driver.
🔶 Packaging changes that actually matter.
Navigation upgrades — like white lids for low-sugar SKUs — help shoppers instantly find the right product in-set.
🔶 How to scale responsibly.
Yerba Madre is investing 8× more in regenerative agriculture and community partnerships this year — while improving profitability through supply-chain redesign.
This episode is a blueprint for modernizing a legacy brand, managing risk during a major transformation, and building a category that 96% of Americans have yet to discover.
If you’re thinking about evolving your brand, expanding nationally, or taking on a category dominated by billion-dollar incumbents — this conversation is packed with actionable insights.
Don’t miss our next episode, dropping on Nov. 26.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering a Q4 discount off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

90: Inside French Bloom’s Rise to Global Luxury Brand — With Co-Founder Maggie Frerejean-Taittinger - Business of Drinks
In just four years, the premium alcohol-free wine French Bloom has become a global luxury brand — sold in 60+ countries, producing 500K bottles in 2024, and on track to double sales in 2025. It also became the first non-alcoholic brand backed by LVMH, signaling a new era for luxury drinks without alcohol.
Co-founder Maggie Frerejean-Taittinger, formerly of the Michelin Guide, shares how she turned a personal need into a brand — and made moderation aspirational.
🔶 From Need to Innovation
While pregnant with twins, Maggie saw the gap for an alcohol-free wine that delivered the emotion and depth of Champagne. With her husband, a Champagne maker, and co-founder Constance Jablonski, she created a 0.0%, organic, sugar- and sulfite-free sparkling wine that could stand beside a grand cru.
🔶 Scaling Through Selectivity
Launched at Le Bon Marché and Selfridges, French Bloom sold out in weeks. Growth came through luxury retail, Michelin-star restaurants, and five-star hotels — not mass channels. Today it partners with 500+ Michelin venues and global events like Coachella, Roland Garros, and Formula 1, where it’s the official non-alcoholic sparkling partner for the next decade.
🔶 The Growth Formula • Credibility through awards — “World’s Best NA Sparkling Wine” three years running. • Premium positioning — priced around 80% of house Champagne. • DTC strength — 20–25% of global sales online. • Core audience — “flexi-drinkers” (80% of customers still drink alcohol).
🔶 Founder LessonMaggie cites The Empathy Edge by Maria Ross: “Empathy isn’t soft — it’s a business advantage.”
Why Listen:This is a concise playbook in category creation and premiumization — how French Bloom built cultural relevance, scaled fast, and made moderation synonymous with modern luxury.
Don’t miss our next episode, dropping on Nov. 19.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

89: How Madre Mezcal Scaled Without Big Corporate Backing — with Co-Founder Chris Stephenson - Business of Drinks
Madre Mezcal has become one of the fastest-growing brands in the agave spirits space — and it’s done it without the deep pockets of a corporate parent. Co-founder and CEO Chris Stephenson joins Business of Drinks to unpack how an indie brand captured 11% U.S. market share in a category dominated by global strategic-backed brands like Del Maguey, Ilegal, and 400 Conejos.
Before founding Madre, Stephenson spent nearly 30 years shaping culture at MTV, Xbox, and SFX Entertainment. That experience laid the foundation for a different kind of drinks company — one built from the ground up through community, creativity, and culture.
In this episode, Chris shares how Madre:
🔶 Launched culture-first: The team spent a full year building brand identity and community before selling a single bottle — earning 15,000 Instagram followers pre-launch.
🔶 Competes on authenticity, not ad spend: Madre’s “shoe-leather marketing” includes more than 300 in-person events a year (!!) and micro-influencer partnerships that drive organic credibility rather than paid reach.
🔶 Leads on retail velocity: Madre has been #1 in retail velocity in 42 of the past 45 months, proof that brand love and turnover at shelf drive long-term health.
🔶 Expanded strategically: With a focused lineup — premium Ensamble, bar-friendly Espadín, sessionable RTDs, and an additive-free tequila — Madre built a full-funnel agave portfolio designed to bring new drinkers into the category.
🔶 Scaled smart: Now on track to sell 35,000 nine-liter cases a year, Madre’s 140-member investor base and grassroots network have fueled steady growth from independents to chains like Safeway, Kroger, and Albertsons.
Whether you’re building a craft brand or managing a multinational portfolio, this episode delivers, revealing the Madre “secret formula” of patience, strong brand identity, and sales velocity.
Last Call:
The RTD boom isn’t over — but it’s evolving fast. In our latest Last Call, Erin McVickers of 3-Tier Beverages joins us to break down new data from their “Buzz or Bust” report, which tracks how consumers are shifting across malt-, wine-, and spirits-based RTDs. Tune in for the insights!
Don’t miss our next episode, dropping on Nov. 12.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

88: How Lemon Perfect Survived Near Collapse to Become a $100M Brand with Yanni Hufnagel - Business of Drinks
Lemon Perfect is one of the fastest-growing beverage brands in America — a zero-sugar, organic lemon water that’s redefining what “better-for-you” can mean. Since launch, the company has sold more than 150 million bottles, is pacing for $100 million in retail sales this year, and projects $160 million in 2026.
In this episode, Lemon Perfect Founder and Executive Chairman Yanni Hufnagel shares how he turned a simple ritual — morning lemon water — into a national phenomenon, and what it’s taken to scale in one of the most competitive categories in beverage. TL;DR it wasn’t easy! He talks about the moments that tested Lemon Perfect’s survival, the pivots that unlocked scale, and the mindset that turned a near-failure into a $100 million success story.
We discuss:
🔶 The near-collapse that forced a rebuild — and what “competitive stamina” really looks like when your co-packer walks away mid-production.
🔶 How a cold-chain product pivoted to shelf-stable — unlocking nationwide scale and multiplying revenue from $500K to $27M in three years.
🔶 Why velocity is the lifeblood of beverage growth — and how Lemon Perfect balances share gains and margin discipline.
🔶 How packaging drives impulse trial — and why “packaging isn’t brand,” according to Yanni’s biggest brand-building lesson.
🔶 The evolving role of influencers and celebrities — why Lemon Perfect is working with big names like Beyoncé, alongside a set of high-engagement creators.
🔶 The founder mindset required to survive — why Yanni believes perseverance and adaptability matter more than any strategy deck.
This conversation is a reality check for every drinks entrepreneur chasing scale. From early formulation to $100 million in sales, Yanni lays out a playbook built on execution, resilience, and an obsession with velocity — the unvarnished truth of what it takes to build a billion-dollar beverage brand.
Last Call:
Park Street’s 2025 midyear report tracks 80+ new product launches across spirits, wine, RTDs, and non-alc. The Business of Drinks team breaks down what’s driving innovation — from collector whiskies and celebrity RTDs to the rise of savory and NA spirits.
Link to the article: https://www.parkstreet.com/alcohol-beverages-products-brands-launched-in-2025-so-far/
Don’t miss our next episode, dropping on Nov. 5.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

87: Inside Barefoot’s Playbook for Recruiting New Wine Drinkers — with Britt West - Business of Drinks
How do you keep a 60-year-old wine brand growing—especially when it’s already the biggest in America? You appeal to a new generation of wine drinkers.
In this episode, we sit down with Britt West, Chief Commercial Officer at Gallo, to unpack the growth playbook behind Barefoot Wine, the country’s #1 wine brand by dollar sales.
When Gallo acquired Barefoot in 2005, it was a 600,000-case business. Today, it’s more than 14 million cases and still expanding — bringing in an estimated 2.6 million new consumers to wine last year alone.
Britt shares how Barefoot continues to unlock growth through smart innovation, consumer-driven formats, and bold marketing that meets people where they are.
We discuss:
The growth engine behind America’s biggest wine brand: How Barefoot keeps growing year after year in a flat category.
Consumer obsession as strategy: Why longtime winemaker Jen Wall’s 30-year run is built on being “intellectually curious about consumers” — not just about wine.
Format innovation that fuels recruitment: How Tetra packs, single serves, and flavored wines are attracting Gen Z and bringing new drinkers into the category.
How Barefoot wins culture: From the NFL partnership to viral campaigns like the Bandwagon Box with Donna Kelce, Britt explains how Barefoot makes wine feel right at home in football season and pop culture.
Branding lessons for every entrepreneur: Britt’s advice for founders on why packaging is your silent salesperson — and why brand relevance beats perfection in the glass.
The future of wine: Why Britt believes the current wine slowdown is cyclical, not structural — and how the industry can fight back for consumer attention (and dollars).
For any drinks entrepreneur or marketer trying to understand how legacy brands stay fresh this episode is packed with takeaways on modern brand building.
🎧 Listen now to hear how Barefoot has stayed relevant for 60 years—and what it teaches us about recruiting the next generation of wine drinkers.
Last Call:
Don’t miss our next episode, dropping on October 29th.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

86: Distribution Decoded: What Every Beverage Brand Needs to Know - Business of Drinks
In this special collaboration episode, Business of Drinks teams up with Park Street Insider host Emmett Strack to tackle one of the biggest questions in the drinks industry: How does distribution actually work — and where is it headed?
From the end of Prohibition to today’s fractured and consolidated landscape, co-hosts Erica Duecy and Scott Rosenbaum join Emmett to break down what every drinks entrepreneur needs to know about navigating the middle tier — and what the next decade might look like for beverage alcohol, non-alcohol, and THC brands alike.
Together, we explore the systems, players, and shifting power dynamics that shape whether brands scale or stall — and share the most useful lessons for anyone working to grow a drinks business today.
We discuss:
🔶 How the three-tier system came to be — and why it’s still here
Why the U.S. created this complex system after Prohibition, how it keeps alcohol markets regulated, and why it’s both a safeguard and a hurdle for modern brands.
🔶 The four major distribution models and how they differFrom national wholesalers like Southern Glazer’s and RNDC, to specialty importers, beer DSD networks such as Reyes, and control states — plus how brands can work effectively within each.
🔶 How new categories are changing the rules
Hemp-THC and adult non-alcohol brands are writing their own distribution playbooks — blending natural-food DSDs, direct shipping, and e-commerce to stay nimble.
🔶 Inside the RNDC California exitWhat happened when RNDC left the country’s biggest market, how it disrupted more than 200 brands, and what it revealed about consolidation and fragility in Tier 2.
🔶 Why more spirits and RTD brands are joining beer networksFrom Sazerac to Tito’s, brands are moving to beer distributors for better cold-chain coverage, convenience-store access, and faster retail velocity.
🔶 What distributors actually want from brands in 2025They’re looking for brands with pull — not promises. That means showing velocity, market understanding, readiness, and real partnership.
🔶 How to future-proof your route-to-market strategyThe next decade will be defined by omnichannel distribution: mixing regional and specialty wholesalers, self-distribution, and selective DTC to stay closer to the consumer.
Listen now on both Business of Drinks and Park Street Insider — and get ready to rethink your route to market.
Don’t miss our next episode, dropping on Oct. 22.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

85: How Taraji P. Henson Reignited Seven Daughters with Bill Terlato - Business of Drinks
When a 20-year-old Moscato brand suddenly becomes one of the fastest-growing wines in America, the industry takes notice.
In this episode, Bill Terlato, President and CEO of Terlato Wine Group, shares how his fourth-generation family business pulled off one of wine’s biggest rebound stories — relaunching Seven Daughters with actress Taraji P. Henson and turning it into a phenomenon with younger consumers.
According to Nielsen, Seven Daughters is now the #8 ranked Moscato in the U.S. between $9–15, with over $3.4 million in 2024 sales and on pace to hit nearly $4 million in 2025. Right now, it’s the only Top 10 Moscato showing growth across every metric — sales, velocity, and distribution.
Bill walks us through how his team — and Taraji — completely reimagined a legacy brand through bold packaging, inclusive storytelling, and a billion-impression media blitz. From 800 fans lining up at a Miami retailer to a Times Square takeover, the results speak for themselves.
But this episode isn’t just about celebrity partnerships. It’s about how to reignite growth for any brand:
🔸 Why packaging and positioning — not product — often hold brands back🔸 How to identify the “authentic overlap” between your brand and a potential partner🔸 The marketing formula that drives trial and sustained repeat purchases🔸 How “everyday luxury” wines can win over younger, wellness-minded consumers🔸 Why Bill believes wine’s future remains bright — and why cycles, not collapse, define this industry
For drinks entrepreneurs, Bill also shares advice from decades of leading one of the world’s top privately held beverage portfolios, spanning more than 85 brands across wine, spirits, and non-alc.
Last Call:
The latest Sovos ShipCompliant Mid-Year DTC Wine Shipping Report confirms what many in the industry have been sensing: the once-unstoppable DTC channel is losing momentum.
🔸 Shipments are down 12% in volume (to 2.7 million cases) and down 6% in value (to $1.7 billion) — the steepest mid-year decline since 2018.🔸 The average DTC bottle price reached $52.68, an 8% year-over-year rise and 38% higher than 2018, showing steady premiumization across regions.🔸 The average order value climbed 13% to $521, with shipments averaging 9.9 bottles per order — consumers are consolidating purchases and trading up.
Are we witnessing the premiumization of DTC wine — or are we pricing out the next generation of consumers?
Don’t miss our next episode, dropping on Oct. 15.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

84: Mom Water’s 850K-Case Growth Playbook With CEO Kara Woolsey - Business of Drinks
How do you build one of the fastest-scaling independent alcohol companies in America — without diluting ownership?
That’s the story of Mom Water, the fruit-infused vodka water RTD brand that has gone from a backyard experiment in 2018 to a 850,000-case business by 2024 — and continues to grow. With playful, first-name flavors like Linda, Susan, and Kathy, Mom Water blazed a new path in the RTD category by staying still (non-carbonated) while everyone else went fizzy.
In this episode, CEO Kara Woolsey walks us through how the brand:
Turned a vacation resort hack into a disruptive category play
Survived co-packing disasters and empty warehouses to stay alive in Year One
Went viral on TikTok and built a cult following among Gen Z — even though it was designed for moms
Landed major retail accounts like Target, Walmart, and Publix, with chains now driving more than half of its business
Launched Dad Water, a tequila water, and the very different challenges of scaling a second brand
Balanced explosive growth with profitability by staying lean, resisting big checks, and keeping ownership in the family
For drinks founders, Kara’s story is a rare playbook in discipline and execution: Building a national brand that can compete with the big RTD players — without selling a majority stake.
If you want to understand how to scale a breakout brand in one of the most competitive categories, this episode is packed with actionable insights.
Last Call:
🍷 Wine’s future is on the line. A new report from Three Tier Beverages shows:
🔸 Wine’s core consumer base is aging—most are 55+, higher-income, and white🔸 Smaller packages are still just 5% of sales (vs 20–25% for spirits)🔸 Sparkling is the Trojan horse—bringing in younger, more diverse drinkers in casual and celebratory occasions
The opportunity? New formats, better-for-you SKUs, and showing up where younger consumers are. If you’re building a wine brand, the playbook is shifting fast.
Don’t miss our next episode, dropping on Oct. 8.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

83: De Soi CEO Scout Brisson on Scaling a 250K-Case Non-Alc Brand - Business of Drinks
De Soi is one of the breakout stars of non-alc cocktails — selling more than a quarter million cases per year across all channels. Under CEO Scout Brisson, the brand has climbed to the #1 fastest-growing NA cocktail brand in mass channels, growing nearly 500% YOY, per SPINS data, with distribution in 6,000+ doors — and a new national partnership with Southern Glazer’s set to take them even further.
So what’s driving this rocket ship? In this conversation, Scout pulls back the curtain on the operator mindset behind De Soi’s rise. She shares why velocity — not awareness or impressions — is the brand’s North Star metric, and how focusing on the fundamentals of execution is what keeps the shelves turning.
We discuss:
How De Soi overcame early Amazon challenges and built a winning channel strategy
Why Scout says “influencer marketing is dead” — and how local IRL businesses are becoming the new influencers
The flavor development process with co-founders Katy Perry and Morgan McLachlan, and how they balance sophistication with mass appeal
Fundraising lessons, including how to convince skeptical investors in an emerging category
Scout also speaks candidly about setbacks (including a major production issue and retailer loss in the same week) and the resilience required to keep building in a fast-changing category.
For drinks entrepreneurs, this episode is a case study in scaling a non-alc brand — full of takeaways on growth strategy, retail execution, and building a category leader from the ground up.
Last Call:
Hiring in the drinks industry looks very different than it did even a few years ago. In this sponsored Last Call, Rachel Doueck of Force Brands shares what every founder should know about scaling teams today:
🔸 The fastest growth is happening in $20–$100M brands, where investors are circling.🔸 Sales structures are shifting — fractional sales teams are replacing the traditional “boots on the street.” 🔸 The biggest founder mistake? Over-hiring too early. Fractional or interim executives can bridge the gap until a business is ready for full-time leadership.
For drinks entrepreneurs, listen in for a practical playbook for aligning people strategy with growth strategy.
Don’t miss our next episode, dropping on Oct. 1.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

82: Inside Garage Beer’s $200M Brand with Chief Creative Officer Corey Smale - Business of Drinks
Garage Beer isn’t just having a moment — it’s on fire. Backed by Travis and Jason Kelce, the brand was just valued at $200 million after its first institutional funding round. It’s on track to do $60–70 million in revenue this year, and is rewriting the playbook of what a modern beer brand can be, with its irreverent, lo-fi brand presence. TL;DR — Garage Beer is a rare bright spot in a beer category that’s facing headwinds.
In this episode, we sit down with Garage Beer’s Chief Creative Officer, Corey Smale, the mastermind behind the brand’s nostalgic-yet-fresh, tongue-in-cheek approach. Corey shares how the team is blending old-school beer marketing magic with today’s hyper-online, community-first culture — and why they’ll still hand-mail you a sticker if you send them a UPC code.
We discuss how Garage Beer is:
Turning a “beer-flavored beer” into a $200M rocket ship
Using cult-like creative activations — from Goosebumps-inspired Halloween art to the production of retro-style, martial arts spoof films — to appeal to broad audiences, from Gen X to Gen Z
Balancing celebrity horsepower from the Kelce brothers with a DIY, hyper-authentic brand voice
Winning in social media, outpacing major domestic beer brands on engagement with a lean, five-person marketing team
Building lifetime customers through niche communities like pro wrestling and ball hockey, instead of chasing expensive sponsorships
For insights on how challenger brands can outmaneuver industry giants with creativity, speed, and authenticity — while having a heck of a lot of fun — this episode delivers.
Last Call:
Americans are partying less — a lot less. Per a recent analysis in The Atlantic:
📉 Just 4.1% of U.S. households host or attend parties on a typical weekend.📉 That’s down 50% since 2003.📉 For ages 15–24, party time has fallen 70%.
Instead, screens and solo behaviors are taking over — changing how young people connect, and how (or if) they drink together.
But at the same time, social media is full of hosting tips and #tablescape trends. Are we craving something we’ve forgotten how to do?
This week’s Last Call unpacks the data and what it means for drinks brands trying to build social occasions.
Don’t miss our next episode, dropping on Sept. 24.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

81: Field Recordings: How Andrew Jones is Driving 30% YOY Growth at the 50,000-Case Winery - Business of Drinks
Andrew Jones never set out to start a wine brand. What began as a side project to help him connect with vineyard clients has become Field Recordings — a 50,000-case winery with national distribution, strong retail partnerships, and 30% case growth projected in 2025.
So what’s fueling this momentum at a time when many California wineries are shrinking? Andrew has tapped into what Gen Z and Millennial consumers actually want: wines that are authentic, experimental, and fun. Think Skins, an orange wine that dominates its category; Freddo, a chillable red that’s gaining prime shelf space in the cold box; and Fiction, a red blend built to be an everyday favorite. Together, these wines now drive nearly 70% of Field Recordings’ production.
In this conversation, Andrew shares how he’s scaling differently by:
Leaning into orange wine and chillable reds that resonate with younger drinkers
Disrupting grocery wine sets by pushing unconventional SKUs into prime real estate
Using private-label deals as growth accelerators without cannibalizing his core brand
Rethinking distributor relationships with road trips, pool parties, and pop-ups that actually engage buyers
Building a winery team of 16 with low turnover and high buy-in
Balancing authenticity with scalability in an industry often stuck in tradition
For any drinks entrepreneur, this episode is a playbook on how to grow by connecting with the next generation of wine drinkers while still staying true to your roots.
Last Call:
What does the animal on a wine label say about quality and value? A lot, it turns out! Scott, Caroline, and Erica discuss a recent post from The Pudding that analyzed nearly 1,500 wines with animals on their labels and uncovered some surprising insights.
Don’t miss our next episode, dropping on September 17.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

80: Scaling Beverage Brands at L.A. Libations and Taste Tomorrow Ventures With Danny Stepper - Business of Drinks
What does it really take to build billion-dollar beverage brands — and spot the next ones before anyone else?
Danny Stepper, co-founder and CEO of L.A. Libations and co-founder of Taste Tomorrow Ventures, joins us to share his insights from the cutting edge of beverage innovation. If you’ve ever wondered how to get your drink on the shelf at Kroger, Walmart, or Sprouts, or what separates founders who make it from those who don’t, this episode is worth a listen.
We discuss:
How Stepper went from Coke merchandiser to creating an incubator that’s helped build brands like Zico, Core, and BodyArmor — with exits in the billions
The playbook behind breaking Gatorade’s exclusive deals at 7-Eleven, Walmart, and Costco, unlocking BodyArmor’s path from $100M to $1B+
Why L.A. Libations’ role as “emerging category captain” with retailers is one of the most powerful positions in beverages — and how to pitch for placement of your brand
The traits he sees in the most successful founders — red flags that make him pass every time
The trends retailers are making more shelf space for right now, including protein-fortified drinks, adult non-alc, and what Stepper calls the “fourth category”
Why he launched Taste Tomorrow Ventures, a $30M fund investing in founder-first brands right now
From near bankruptcy to billion-dollar exits, Danny Stepper has lived the highs and lows of this industry — and his lessons could change the way you think about your own brand’s path to growth.
Last Call:
Pitching a distributor can make or break a drinks brand. But most founders are making the same mistakes — losing opportunities before they’ve even started. On our latest sponsored Last Call, Alex Cherniavsky, managing partner at SWIG Partners, joined us to share how to avoid those pitfalls and stand out in a crowded market.
Don’t miss our next episode, dropping on September 10.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

79: How Tip Top Became the #1 High-Proof RTD With CEO Nick Reely - Business of Drinks
Tip Top Proper Cocktails is rewriting the rules of RTDs. In just a few years, the brand has gone from a scrappy airline partnership to a Top 30 RTD brand in Nielsen — and #1 in the high-proof RTD segment, outpacing competitors with 72% year-over-year growth. The brand also hit a new sales benchmark, surpassing $10 million in revenue in the last 12 months.
In this episode, Tip Top CEO Nick Reely shares how the company has scaled while staying disciplined about strategy — and why the fundamentals of growth still matter, even in one of the most dynamic beverage categories.
Why listen? Get the inside scoop on:
The growth drivers behind Tip Top’s rise — and why distribution alone isn’t enough.
How to pick the right distributors — ones with a growth mentality and a willingness to give your brand real share of voice.
Channel strategy that works — from grocery and liquor to airlines and hotels.
Why earned media beats paid campaigns — and how innovation and bartender collaborations create “talk value.”
Key brand health metrics every entrepreneur should track, including velocity, rebuy rate, and retailer satisfaction.
This conversation is a playbook for any founder or operator looking to break through in RTDs — or any crowded drinks category.
Last Call:
Fundraising before you hit $1M in sales? It’s one of the toughest hurdles for drinks founders. We break down the real options for brands too small for venture capital, from friends and family to grants and angels (yes, they’re still active). And more!
Don’t miss our next episode, dropping on September 3.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry.
Thank you!

78: How Ayrloom Became New York’s #1 THC Drinks Brand with Mack Hueber - Business of Drinks
Ready for an epic growth story? Meet Mack Hueber, president of Ayrloom, the hemp THC and cannabis company.
In less than three years, Ayrloom has gone from a bold idea on a fifth-generation apple orchard to the #1 cannabis beverage brand in New York State — moving 250,000 cases annually and hitting a $50 million wholesale sales run rate.
In this episode, Mack takes us inside that meteoric rise — and the risks, pivots, and strategic bets that made it possible.
You’ll hear:
The leap from Wall Street to weed — why Mack joined Beak & Skiff’s leadership team and how Ayrloom was born out of a cider and spirits business.
The early gamble that paid off — building one of the largest THC beverage bottling facilities on the East Coast before securing a license.
Mastering three regulatory worlds — the operational, compliance, and margin realities of alcohol, hemp THC, and regulated cannabis in dispensary channels.
Scaling fast without losing control — how Ayrloom built a $5M/month sales run rate and became a trusted retail partner from Day One.
Distribution and flavor strategy — why Ayrloom plays in both dispensaries and hemp D9 channels, and the innovation behind their Honeycrisp THC cider.
The next wave in cannabis drinks — from effect-based positioning to the role of minor cannabinoids.
If you’re a drinks entrepreneur — whether alcohol, non-alc, hemp, or cannabis — this conversation is packed with insights on scaling in a capital-intensive category, optimizing distributor relationships, and staying nimble when the rules can change literally overnight.
Last Call:
We discuss 3 things every drinks brand should know right now (from the recent Numerator Beverage Behaviors report):
1️⃣ NA drinks are growing 2.5x faster than alcohol2️⃣ Walmart.com now beats Amazon for NA beverage delivery3️⃣ Functional and hydration categories are booming — think prebiotic soda, coconut water, enhancers
It’s not just what’s in the can — it’s where, why, and how people buy it. Listen in for the full breakdown.
Source: Numerator Beverage Behaviors Report
Don’t miss our next episode, dropping on August 27.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

77: How to Create an Award-Winning Cream Liqueur with Matthew Benny of Creamy Creation - Business of Drinks
Thinking about launching a cream-based or emulsified alcoholic beverage? This sponsored episode is a must-listen.
We’re joined by Matthew Benny, Chief Commercial Officer – The Americas, at Creamy Creation, a global leader in developing award-winning cream liqueurs and emulsified alcoholic drinks since 1979. From bourbon creams to plant-based oat liqueurs to cream-based RTDs, Creamy Creation is at the forefront of innovation in this highly technical and specialized category.
In this conversation, Matthew pulls back the curtain on what it really takes to create and scale a cream-based product — and why the category is brimming with opportunity for innovative brands. You’ll hear how consumer trends like indulgence and nostalgia are driving demand, and how forward-thinking companies are pushing flavor boundaries far beyond the traditional bourbon, chocolate, and coffee flavor profiles.
We also dig into the technical hurdles that can derail an emulsified beverage launch — and how the right development partner can help you sidestep them.
Matthew explains:
The biggest mistakes founders make when bringing a cream-based beverage to market — and how to market these products so they actually move off the shelf.
How Creamy Creation works with clients of all sizes, from entrepreneurs with only a concept to multinationals with fully specced briefs.
How to avoid costly bottlenecks in retort processing for low-ABV cream products, and alternatives that open the door to more flexible production.
Why cream-based drinks don’t just sell in the winter, aren’t just for female consumers, and don’t actually need to be refrigerated.
If you’re curious about adding a cream liqueur to your portfolio, exploring plant-based indulgence, or looking for ways to stand out in a traditional category, this episode is packed with insights to shorten your learning curve and boost your chances of success.
Don’t miss our next episode, dropping on August 20.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Head of Search at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

76: The Big Grove Brewery Playbook for Double-Digit Growth with CEO Matt Swift - Business of Drinks
In the world of craft beer, it’s rare to see a regional brewery consistently post double-digit growth — especially as the craft beer category contracts. But that’s exactly what Iowa-based Big Grove Brewery has done, posting strong gains every year since 2018. The company is now on track to sell more than 500,000 cases in 2025 — with a full 90% of those sales coming from within Iowa.
In this episode, we sit down with Matt Swift, Big Grove’s co-founder and CEO, to find out how he’s building one of the most successful breweries in the country by doing things a little differently.
Matt shares how he:
Built a best-selling product line in the Easy Eddy hazy IPA family
Created deep community ties through taprooms, university partnerships, and local philanthropy
Took a deliberate “inch wide, mile deep” strategy — dominating in-state sales before expanding
Structured the portfolio into clearly defined product “families” that drive trial and loyalty at shelf
Continued investing in draft sales, even as other craft brands pulled back
Works with distributors as true partnerships, planning A&P budgets and activations 9 months out
We also talk about the risks Matt wishes he’d taken earlier, how he approaches SKU rationalization, and why he believes lighter, lower-alc and non-alc beers will play a big part in the future of the category.
If you’re a beverage entrepreneur thinking about growth — whether via taprooms, retail, or distributor relationships — this episode is filled with battle-tested insights. Don’t miss it.
Last Call:
In this week’s sponsored Last Call, we talk with Alex Cherniavsky, Managing Partner at SWIG Partners, about how to turn new distributor relationships into long-term success.
SWIG is a supplier–distributor matchmaking service that’s placed dozens of brands — and Alex has seen what works (and what fails). In this episode, she shares the most common missteps and how to avoid them.
Don’t miss our next episode, dropping on 8/13.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

75: How RationAle Brewing Scaled to 100K Cases in 4 Years — with CEO Jamie Fay - Business of Drinks
Four years ago, Jamie Fay was hand-packing cases of beer, loading them into a pickup truck, and delivering them door to door across Southern California. Today, RationAle Brewing is one of the fastest-growing non-alcoholic craft beer brands in the country — tracking 150% year-over-year growth and on pace to sell over 100,000 cases this year.
In this episode, Jamie — RationAle’s co-founder and CEO — shares how he built the business by staying hyper-focused on product quality, consumer connection, and a smart go-to-market strategy that prioritized velocity over vanity metrics. With five core SKUs and a best-selling Mexican Lager that accounts for 40% of sales, RationAle is now in eight markets and is preparing to double that footprint in the next 12 months.
You’ll hear how Jamie broke into the system without a single VC check — closing $5 million from more than 90 individual investors. He also explains the critical role that an early partnership with a juice distributor played in unlocking retail access when traditional options weren’t available.
We also get into:
Why going “a mile deep” in a few markets created the foundation for long-term growth
How Jamie and his team built retail distribution through relentless in-store sampling and events
The tactical playbook he uses to enter new markets with traction and credibility
Lessons from raising capital in today’s environment — and how to survive thousands of rejections
Why Jamie thinks founders need to be paranoid (in a good way) to succeed in this business
If you’re trying to build a beverage brand with purpose, hustle, and staying power — this episode is chock-full of insights.
Last Call:
Think you know who’s drinking THC beverages? Think again. In this week’s Last Call on we dig into a recent report from Sightlines — and the regional trends might surprise you. The big takeaway: This isn’t a coastal Gen Z trend. It’s a demographic mosaic across ages and earning levels — and brands need to localize their marketing strategies fast. Find out more.
Don’t miss our next episode, dropping on Aug. 6.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host:
Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host:
Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Portfolio Development Director at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor:
Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR:
SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

74: How Josh Cellars Became a 6M-Case Powerhouse with Dan Kleinman of Deutsch
What does it take to grow a wine brand to over 6 million cases a year — and keep it growing double digits in a declining category? In this episode, we sit down with Dan Kleinman, Chief Brand Officer at Deutsch Family Wine & Spirits, to unpack how Josh Cellars has become one of the most remarkable success stories in modern wine.
Under Dan’s leadership, the Josh team has expanded beyond its loyal Gen X base to capture the attention of younger Millennial and Gen Z drinkers — leveraging storytelling, savvy innovation, and even a viral social media moment that led to a double-digit sales spike and cultural relevance.
You’ll hear:
How the team transformed a humble Napa Cabernet with a heartfelt backstory into a top-selling national brand
The strategy behind Josh’s “twin engine” approach: Staying meaningful to Gen X while becoming playful and culturally relevant to younger audiences
How a viral meme sparked a massive surge in engagement, with Instagram followers jumping 79% in just weeks — and how the team capitalized on it
Why Josh invests 5x more on consumer-facing marketing than the category norm — and how they measure ROI
Why new products like the light, crisp Seaswept are created for younger consumers
How to use data and consumer insights to craft messaging for different audiences — and avoid the “one-size-fits-all” trap
Dan also shares what drinks founders can learn about channel strategy, emotional brand-building, and why staying curious — about consumers, culture, and the craft of marketing — is essential to success.
If you’re a drinks entrepreneur looking to build a brand that resonates across generations, connects emotionally, and drives real-world growth, this is an episode you don’t want to miss.
Last Call:
🍷 Will AI take jobs in the drinks industry? In this Last Call segment, we explore how AI is already cutting white-collar jobs — and what that might mean for hospitality, sales, and brand roles.
Don’t miss our next episode, dropping on July 30.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

73: How CEO Chris Watt Is Growing Branca USA in a Challenging Market - Business of Drinks
Branca USA may steward some of the most iconic names in spirits — Fernet-Branca, Carpano Antica, Borghetti — but under Chris Watt’s leadership, this 180-year-old company is showing how heritage can be a springboard for modern growth.
Since taking the helm as CEO in 2022, Chris has built a lean, data-focused team of just 48 people to deliver outsized results: Selling more than 3 million bottles annually and growing faster than the overall spirits category — showing an 8% increase in both volume and value so far this year.
In this episode, Chris shares how his team is using sharp analytics, disciplined focus, and creative execution to transform Branca’s brands for today’s consumers — while staying true to the bartender culture that built them.
We discuss:
The strategic shift that turned Borghetti into the fastest-growing coffee liqueur in the U.S., up 81% in volume in 2024
Why Fernet-Branca’s biggest growth now comes from college towns and neighborhood bars, and how the brand has expanded beyond its trade-darling origins
How Carpano Antica Formula became the gold standard for home and bar Manhattans — and why that traction was largely organic
The “pilot fish” strategy: How Branca partners with the biggest brands in its distributors’ portfolios to drive sales, creating a “win-win” for the distributor
How a Total Wine March Madness display and on-premise activations worked hand-in-hand to deliver a 40% sales spike in that month
Why Chris believes data and focus — not massive budgets — are the keys to smart brand building today
Chris also opens up about the challenges of executing at speed with a small team, why he sets aside daily time for strategic planning, and the mindset he brings to building culture and growth simultaneously.
If you’re a drinks founder or operator looking to understand how to modernize a heritage brand — or grow in a tough market with limited resources — this episode offers practical, actionable insights you won’t want to miss.
Last Call:
Caroline Lamb, Erica Duecy, and Scott Rosenbaum dig into surprising data from Brightfield Group and Sightlines about THC beverage consumption — and why higher dosage drinks are on the rise. Did you know: Some 60% of hemp-derived THC drinkers now reach for the 10mg dose, up ~18% in just two years?
Don’t miss our next episode, dropping on July 23.
For the latest updates, follow us:
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Head of Search at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

72: What Distributors Really Want: A Candid Guide for Founders with Sara Harmelin of Allied Beverage - Business of Drinks
If you’ve ever wondered what it takes to get your brand into a top distributor — and actually stay there — this episode is essential listening.
We sit down with Sara Harmelin, Vice President of Portfolio Development at Allied Beverage Group, one of the largest single-state alcohol distributors in the U.S. Operating exclusively in New Jersey, Allied works with virtually every major supplier — from Diageo and Bacardi to Heaven Hill and Pernod Ricard — and moves more than 15,000 SKUs across the state. Sara is the gatekeeper of innovation: every new brand, line extension, and emerging category goes through her team first.
In this episode, Sara pulls back the curtain on the realities of portfolio building in a high-volume, high-stakes environment. She shares what works, what doesn’t, and how brands can avoid being lost in the warehouse shuffle.
You’ll hear:
Why Allied is betting big on hemp-derived THC — and what it means for the future of category expansion
What founders need to know about timing, incentives, and sales buy-in to make a successful launch stick
The portfolio committee process: how Sara brought in cross-functional decision-makers (including Gen Z) to vet brands from every angle
How Allied uses reorder rates and “rep touches” to decide if a new brand is worth the shelf space
Why 90-day launch plans — not splashy debuts — are the new industry standard for serious distributors
The one thing Sara wants every founder to leave at the door — and what you should bring instead
This episode also hits on the deeper shifts shaping the future of drinks distribution — from how generational change is influencing category preferences, to why flexibility, empathy, and brand authenticity are more important than ever.
Whether you’re launching a brand or scaling one, Sara’s insights will help you position your product for long-term success inside the distributor system.
Link from the interview: WSWA Access Resource Library
Last Call:
🚨 What’s next in beverage? We went to BevNET Live 2025 to find out.
In this Last Call segment of Business of Drinks, co-host Erica Duecy breaks down her top takeaways from one of the industry’s most future-focused events:
🔸 Functional and low/no alcohol drinks? No longer niche. They’re the expectation.
🔸 Premiumization is alive and well — but only if you’ve got the product education and social proof to back it.
🔸 + More takeaways!
Don’t miss our next episode, dropping on July 16.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Head of Search at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

71: Leading with Purpose: Jason Haas on Scaling Tablas Creek Without Compromise - Business of Drinks
Tablas Creek Vineyard isn’t just a winery — it’s a masterclass in how to lead with values and still grow. In this episode, we sit down with proprietor Jason Haas, one of the most respected voices in American wine, to explore how his team has scaled a brand that stands for integrity, innovation, and environmental stewardship.
Co-founded in 1989 by the Haas and Perrin families (of Château de Beaucastel fame), Tablas Creek pioneered Rhône varieties in Paso Robles and today remains at the forefront of sustainable winemaking. It was the first winery in the world to receive Regenerative Organic Certification. It’s also a powerful case study in direct-to-consumer success: Tablas Creek produces 30,000–35,000 cases annually, with 80% of its revenue coming from DTC sales.
In this episode, Jason shares:
How they built Tablas Creek’s category leadership from an unsung region and grape portfolio
The marketing shift that led to a 20% increase in DTC sales in 2024
Why white wines are now driving growth
How a single blog post led to a boxed rosé launch that sold out in four hours
What it takes to maintain team culture and creative freedom in a growing 50-person organization
His advice to founders on staying true to your brand—even when market trends tempt you to stray
Jason also explains why the $25–$40 price tier is outperforming other segments, and how Tablas Creek doubled its export business with just five well-timed market visits.
If you’re a founder or operator looking to build a brand that endures — while staying nimble and connected to your customer — this episode is packed with insights you won’t want to miss.
Last Call:
Co-hosts Erica Duecy and Scott Rosenbaum break down the most important takeaways from Bar Convent Brooklyn. A few highlights:
🍸 RNDC’s impending CA closure shook the room — and the distributors on stage didn’t sugarcoat what’s ahead.
🚨 New reality: Every initial sale is a liability — unless your product moves fast.
🧊 Coffee spirits everywhere. We’re still not done with espresso martinis, apparently.
💰 Launching a spirits brand in 2025? Hope you have $1M.
Don’t miss our next episode, dropping on July 9.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. Most recently, he was the Portfolio Development Director at Distill Ventures. Prior to that, he was the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

70: How to Get Funded With Nick Papanicolaou of No Sleep Beverage - Business of Drinks
On this episode of Business of Drinks, we sit down with Nick Papanicolaou, the founder and CEO of No Sleep Beverage, one of the most dynamic early-stage strategic investment platforms in the beverage alcohol space. Nick has deployed millions in capital across brands like Madre Mezcal, Barr Hill Gin, and Artet — and in this candid conversation, he outlines exactly what founders need to know to secure funding, navigate investor relationships, and build a beverage brand with staying power.
Before launching No Sleep, Nick built his expertise from both sides of the table — first as a founder of a brand, then as the architect of Pernod Ricard’s New Brand Ventures division. With No Sleep, he’s developed an investment and acceleration model that prioritizes deep engagement with just 8–10 brands at a time, helping them optimize everything from brand positioning to sales strategy to compliance and legal.
Nick doesn’t just hand out checks — he and his team roll up their sleeves and work side-by-side with founders to turn smart brand into scalable businesses. In today’s tight funding environment, that kind of partnership is increasingly rare — and invaluable.
We cover:
The No Sleep criteria: What revenue thresholds, margin profiles, and market presence VCs are really looking for
What founders get wrong when pitching for investment — and how to stand out
The death of “growth for growth’s sake” and what sustainable scaling actually looks like
Why No Sleep takes a “slow and steady wins the race” approach to expansion
How founders should think about valuation and and share of equity as they bring on funding partners
Whether you’re just starting out or navigating a critical growth stage, this episode delivers a rare look behind the scenes of what top beverage VCs really want — and how to prepare your brand to succeed.
Last Call:
Are celebrity spirits past their prime? In our latest Last Call segment, we dig into a new report from 3 Tier Beverages showing that only 16 of the top 50 celebrity-backed brands are still growing. It’s a candid convo for any drinks founder or marketer asking: Is celebrity still a smart strategy? Or has the novelty worn off?
Link to 3 Tier Beverages report recap.
Don’t miss our next episode, dropping on July 2.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Head of Search at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!

69: Bev-Alc Debate Club: What’s Wrong With the Alcohol Industry? - Business of Drinks
Welcome to a very special edition of Business of Drinks. In this episode, co-hosts Erica Duecy and Scott Rosenbaum team up with Rabobank’s Liquid Assets podcast hosts — VP of Beverage Research Bourcard Nesin and Senior Beverage Analyst Jim Watson — for the first-ever Bev-Alc Debate Club.
Today’s topic? The question that’s haunting boardrooms and bottling lines across the country: What’s wrong with the alcohol industry?
To unpack it, we went head-to-head in a spirited draft format. Each of us chose what we believe is the biggest force behind Bev-Alc’s current decline — and then we debated the heck out of it.
What followed was a lively, insightful, and at times contrarian conversation that spanned:
🚨 The Joe Rogan Effect: How anti-alcohol messages from influencers like Rogan and Andrew Huberman — and warnings from the WHO and Surgeon General — are changing perceptions of health and drinking.
🧠 The Culture Shift: 65% of 18–34-year-olds now say even a drink or two a day is bad for their health, according to Gallup. That’s more than double the rate in 2000.
🛒 Economic Drag: Is inflation the real culprit behind alcohol’s decline — or are consumers simply moving on?
🏪 The Distribution Bottleneck: Fewer distributors, more producers, and how small brands are being squeezed out of market access and innovation.
🥂 Post-Pandemic Hangover: How loneliness, digital substitution, and behavioral shifts may be eroding alcohol’s social role.
🌱 Rise of THC Drinks: Hemp-derived beverages are showing up in bars, liquor stores, and homes — with strong demand. Brands like BRĒZ hit $28 million in revenue and 8 million cans in just two years.
📉 Demographic Realities: Baby Boomers drank more and are aging out. Gen Z drinks less. What happens when your best customers are literally dying off?
📱 New Hits, Same High: Gambling, doomscrolling, and a million digital dopamine-stimulating sources are competing for the same brainspace alcohol once dominated.
This episode is a must-listen for anyone in the beverage business — whether you’re trying to understand the shifting terrain or figure out how to future-proof your brand.
🎧 Tune in for sharp insights, bold takes, and the kind of data-backed banter that only happens when Rabobank meets Business of Drinks.
Don’t miss our next episode, dropping on June 25.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Portfolio Development Director at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry.
Thank you!

68: Inventing the Future of Drinks: Ben Branson on Seedlip, Sylva, and What’s Next - Business of Drinks
Ben Branson is one of the most creative minds in beverages today. As the founder of Seedlip — the world’s first distilled non-alcoholic spirit — he didn’t just launch a product, he pioneered an entire category. That category, once niche and unproven, is now valued at more than $11 billion, and Seedlip was acquired by Diageo in 2019, just five years after its launch.
Now, Ben’s back with a new venture: Pollen Projects, a drinks innovation studio creating a range of unconventional non-alcoholic products. The two early standouts? Sylva — a non-alcoholic sipping spirit distilled and matured from trees (yes, trees!) — and Seasn, a duo of cocktail bitters designed to flavor everything from seltzer to cocktails.
In this conversation, Ben takes us inside his product development process — from cold-calling 500 top bars to obsessively studying 17th-century distillation texts — to assess white space for Seedlip. He also shares what’s next for Sylva, including a new distillery in upstate New York to make spirits from American trees. That operation will accompany Sylva’s existing UK distillery, which is already producing spirits made from British Hazel and African Padauk wood.
In this conversation, Ben shares the research, philosophy, and creative rigor behind his brands — and what he’s doing differently this time around. You’ll hear about the early days of Seedlip, how Sylva’s distillation and aging process borrows from perfumery and traditional spirits, and why simplicity — not trend-chasing — is the secret to building lasting brands.
We discuss:
Why Ben isn’t just making non-alc alternatives, but rather inventing a new class of liquids
His methodical, data-driven approach to product innovation
The surprising reason he chose to launch Seedlip into high-end, on-premise accounts rather than DTC
The innovative techniques used to produce Sylva’s non-alcoholic sipping spirits
Why Ben emphasizes clarity above all — whether in product design or brand strategy
What he learned from early product missteps — and how he’s applying those lessons to Sylva and Seasn
Why Ben doesn’t build brands for himself — he builds them to meet real consumer needs with standout experiences
Last Call:
In this Last Call update, we reconnect with Issamu Kamide, co-founder of Wonderwerk, to hear what’s driving growth for one of the most innovative brands in wine.
We first featured Wonderwerk last fall in Ep. 36 Since that time, Wonderwerk has grown its revenue 30%. We discuss:
🔸 National Whole Foods rollout
🔸 Wildly successful flavors like Pink Lemonade and Yuzu
🔸 A “CPG-first” mindset that ditches tradition and centers the consumer
Don’t miss our next episode, dropping on June 18.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Portfolio Development Director at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks

67: Inside Treasury Wine Estates’ Playbook for Growth and Innovation with Ben Dollard - Business of Drinks
While much of the wine industry is softening, Treasury Wine Estates — home to brands like DAOU, Penfolds, Frank Family, Matua, and 19 Crimes — is experiencing double-digit gains. In this episode, we speak with Ben Dollard, President of Treasury Americas, who shares “the how” behind one of the wine world’s most compelling growth stories.
Under Ben’s leadership, Treasury Americas grew net revenue more than 22% in 2024, scaling to 6 million cases annually across North and South America. That growth has been powered by a two-pronged strategy: One focused on culture-forward, accessible brands like 19 Crimes (with partnerships like Snoop Dogg and the UFC), and another dedicated to luxury, estate-driven wines like DAOU and Penfolds.
In this episode, Ben shares:
Why DAOU has become the #1 U.S. luxury wine brand — and what makes it stand out in a sea of premium competitors
How Treasury successfully integrates acquired brands without losing their magic
Why the company is leaning into consumer experience at the tasting room level — not just as a sales tool, but as a source of insight
How Treasury is using AI to tell brand stories and simplify wine discovery in a fragmented retail environment
What other drinks entrepreneurs can learn from building brand pillars and maintaining authenticity at scale
Ben also talks about how he’s future-proofing the company through a focus on innovation and team culture. Treasury Americas was recently named a finalist in Fast Company’s “Best Workplaces for Innovators,” and Ben shares how that same creative energy is helping build a more connected, purpose-led portfolio.
If you’re looking to build a brand that can scale across channels, price points, and countries — without losing its soul — this episode is packed with insights that matter now.
Last Call:
In this Last Call segment, your Business of Drinks co-hosts spill on the most jaw-dropping drink they’ve had this year.
- Caroline found a tiny importer sourcing neoclassical French & Italian wines with pure electricity
- Scott discovered a Negroni remix in Denver that left him speechless
- Erica brought a rare Cretan wine to a collector dinner — and stole the show
Don’t miss our next episode, dropping on June 11.
For the latest updates, follow us:
Business of Drinks:
Erica Duecy, co-host: Erica Duecy is founder and co-host of Business of Drinks and one of the drinks industry’s most accomplished digital and content strategists. She runs the consultancy and advisory arm of Business of Drinks and has built publishing and marketing programs for Drizly, VinePair, SevenFifty, and other hospitality and drinks tech companies.
Scott Rosenbaum, co-host: Scott Rosenbaum is co-host of Business of Drinks and a veteran strategist and analyst with deep experience building drinks portfolios. He currently serves as Portfolio Development Director at Distill Ventures. He was formerly the Vice President of T. Edward Wines & Spirits, a New York-based importer and distributor.
Caroline Lamb, contributor: Caroline is a producer and on-air contributor at Business of Drinks and a key account sales and marketing specialist at AHD Vintners, a Michigan-based importer and distributor.
SPONSOR: SWIG Partners is exclusively offering $100 off their supplier-distributor matchmaking fee when you mention the Business of Drinks podcast, or inquire via this link: https://www.swigpartners.com/businessofdrinks
If you enjoyed today’s conversation, follow Business of Drinks wherever you’re listening, and don’t forget to rate and review us. Your support helps us reach new listeners passionate about the drinks industry. Thank you!