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In today’s market, where convenience is the king, it's getting increasingly possible to get almost everything under the Sun home-delivered in urban India. But not the alcohol! Now, major players like <keyword id="19896956" type="General" weightage="20" keywordseo="Swiggy" source="keywords">Swiggy</keyword>, Zomato, <keyword id="20069203" type="General" weightage="20" keywordseo="Blinkit" source="keywords">Blinkit</keyword>, and BigBasket are eyeing this lucrative opportunity, ready to transform the way we enjoy our evenings (or feed our vices depending on how one takes it). As regulations offer hopes of loosening with the rising consumer demand, the question on everyone's mind is: will <keyword id="22432889" type="General" weightage="100" keywordseo="alcohol-home-delivery" source="keywords">alcohol home delivery</keyword> become the new norm? As per the media reports, the quick commerce platforms might soon start delivering low-alcohol drinks like beer, wine, and liqueurs, at least in some parts of the country. A report from the Economic Times reveals that states like New Delhi, Karnataka, Haryana, Punjab, Tamil Nadu, Goa, and Kerala are thinking about trying out this service. Industry executives say that authorities are currently looking at the advantages and disadvantages of allowing alcohol deliveries. <h2>State authorities collecting feedback</h2>State authorities are reportedly collecting views from <keyword id="22432890" type="General" weightage="20" keywordseo="instant-delivery-platforms" source="Orion">instant delivery platforms</keyword> and spirit manufacturers for assessing the pros and cons of delivering low-alcohol liquors. "This is to cater to a growing expat population, especially in larger cities, changing profiles of consumers who perceive moderate alcohol-content spirits as recreational drinking along with meals, and women and senior citizens who have flagged buying from traditional liquor vends and shop-front experiences as unpleasant," one of the executives told Economic Times. According to the ET report, only Odisha and West Bengal allow home delivery of alcohol at the moment. During the COVID-19 lockdown, Maharashtra, Jharkhand, Chhattisgarh, and Assam also allowed it temporarily, and it was successful despite some restrictions and hurdles. <div type="Article" hostid="261" msid="111758782" title="Zomato and Swiggy increase platform fee by 20% – food deliveries to get costlier" mstype="2" mssubtype="0"></div> <h2>Enthusiasm grows across sectors</h2>Retail industry executives say that online alcohol deliveries have increased sales by 20-30% in West Bengal and Odisha. Although the idea of online home delivery of liquor faced several challenges including political backlash and pressure from physical retail bodies. For now Swiggy and Spencer’s retail delivers spirits in West Bengal. Dinker Vashisht, vice president of corporate affairs at Swiggy said “Online models ensure end-to-end transaction records, age verification and adhere to limits. Further, online tech stacks synchronise with regulatory and excise requirements, ensuring adherence to timings, dry days and zonal delivery guardrails” Beer manufacturers like United Breweries and AB InBev are also interested in this concept, an industry executive told ET. “Beer blends more with grocery shopping, especially for consumers in big cities, and needs to be chilled, which limits its visibility in liquor vends.” In 2020, AB InBev started Beerbox, a platform that listed places delivering alcohol within a 3-4 km range. This was after Maharashtra temporarily allowed home deliveries during the pandemic. Overall, as regulations, consumer demand, and the capacity of online quick-commerce platforms align, the days of cancelling the evening plans to avoid stepping out to buy alcohol might soon be behind us. SEE ALSO: <a href="https://www.businessinsider.in/business/news/jio-financials-gets-rbi-nod-to-become-core-investment-company/articleshow/111677548.cms" data-type="tilCustomLink" target="_blank">Jio Financials gets RBI nod to become Core Investment Company</a>

Will alcohol home delivery be a reality soon? Swiggy, Zomato, and Blinkit smell an opportunity

Allied Blenders and Distillers Ltd, the maker of Officer's Choice whisky, on Thursday fixed a <keyword id="19911460" type="General" weightage="20" keywordseo="price-band" source="keywords">price band</keyword> of Rs 267 to Rs 281 per share for its Rs 1,500-crore <keyword id="19913114" type="General" weightage="20" keywordseo="initial-public-offering" source="keywords">initial public offering</keyword> (IPO). The initial share-sale will open for public during June 25-27 and the bidding for anchor investors will open for a day on June 24, the company announced. Broking firms have pegged the company's <keyword id="20000950" type="General" weightage="20" keywordseo="market-capitalisation" source="keywords">market capitalisation</keyword> to Rs 7,860 crore post-issue. The initial share-sale comprises fresh issuance of equity shares worth Rs 1,000 crore and an Offer-for-Sale (OFS) of shares to the tune of Rs 500 crore by promoters. As a part of the OFS, Bina Kishore Chhabria, Resham Chhabria Jeetendra Hemdev and Neesha Kishore Chhabria will sell shares. Proceeds from the fresh issue worth Rs 720 crore will be used for the payment of debt. Besides, a portion will be used for general corporate purposes. The total debt on the the company's books was around Rs 808 crore as of December 2023. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 10 per cent for non-institutional investors. Further, investors can bid for 53 shares and in multiples thereof. With a market share of over 8 per cent in <keyword id="20830317" type="General" weightage="20" keywordseo="Indian-Made-Foreign-Liquor" source="keywords">Indian-Made Foreign Liquor</keyword> (IMFL) market by sales volumes in fiscal 2023, Allied Blenders and Distillers is engaged in the manufacturing, marketing and sale of alcoholic beverages in India and abroad. The product portfolio of the firm comprises several brands of IMFL across whisky, brandy, rum and vodka. Some of the major brands of the company include Officer's Choice whisky, Sterling Reserve whisky, Jolly Roger rum and Class 21 vodka. ICICI Securities Ltd, Nuvama Wealth Management Ltd, and ITI Capital Ltd are the book running lead managers to the issue. The equity shares of the company are proposed to be listed on the BSE and NSE. SEE ALSO:<a href="https://www.businessinsider.in/business/webstories/nvidia-dethrones-microsoft-to-become-the-worlds-most-valuable-company/slidelist/111102218.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/webstories/nvidia-dethrones-microsoft-to-become-the-worlds-most-valuable-company/slidelist/111102218.cms" target="_blank">As Nvidia dethrones Microsoft, check out the world's top 10 most valuable companies</a><a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/hyundai-motor-india-files-draft-papers-with-sebi-for-indias-biggest-ipo/articleshow/111014559.cms" target="_blank">Hyundai Motor India files draft papers with SEBI for India’s biggest IPO</a><a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/news/tata-group-reportedly-looking-to-acquire-a-majority-stake-in-vivo-india/articleshow/110987274.cms" target="_blank">Tata Group reportedly looking to acquire a majority stake in Vivo India</a>

Whisky maker Allied Blenders IPO to open on June 25 as it looks to raise ₹1,500 crore

<ul class="summary-list"><li>The <a target="_blank" class="" href="https://www.businessinsider.com/dockworkers-port-strike-ila-impacts-2024-10">port workers' strike</a> could disrupt business for big retailers, according to ImportGenius data.</li><li>Walmart, Ikea and Samsung are some of the biggest importers at ports affected, the data show.</li></ul>Major retailers are pivoting their shipping plans and preparing for the financial impact of the ongoing <a target="_blank" class="" href="https://www.businessinsider.com/dockworker-strike-what-will-be-impacted-prices-inflation-martime-longshoremen-2024-9">port strike</a>.Each day that dockworkers and maritime workers aren't moving along cargo, companies that import goods at the East and Gulf Coast ports will experience disruptions to supply chains.Alan Murphy, the CEO of the liner research firm Sea-Intelligence, said on CNBC on Tuesday that if the strike lasts more than a month, it will tip the US into a <a target="_blank" class="" href="https://www.businessinsider.com/port-strike-impact-costs-us-economy-recession-outlook-shipping-delay-2024-10">recession</a>. It's unclear how long it will go on, but even a week of delays would present challenges to global corporations.The retail companies who are heavily exposed — those that import the most at the affected ports — are a mix of big box stores, furniture sellers, and some phone makers, according to data from ImportGenius, which Arbor Research and Trading, a fixed-income research and brokerage firm, compiled into a chart. Walmart and Ikea are the most exposed, the data show.<div type="image" title="Arborb Data Science chart" height="800" width="1000" msid="113905565" hostid="261" sizebytes="33422"></div>William George, director of research at ImportGenius, told Business Insider that the firm pulled Bills of Lading (essentially receipts) from US Customs to determine the companies.The chart doesn't include data from shipping companies that handle cargo from multiple businesses or anonymous shipments.Business Insider reached out to all the companies named. A spokesperson for General Motors said the company has "contingency plans in place" as it monitors the situation.Home Depot tapped Jess Dankert, vice president of supply chain at the Retail Industry Leaders Association, to provide insight into how the strikes could impact retail giants."In most cases, retailers activated their supply chain contingency plans in advance of the strike, rerouting shipments to the West Coast or moving shipment dates up to avoid significant delays," Dankert said.Bob's Discount Furniture declined to provide a statement; the rest of the companies didn't comment to BI.JPMorgan analysts estimated that <a target="_blank" class="" href="https://www.businessinsider.com/port-strike-could-wreck-us-economy-with-price-increases-scarcity-2024-10">the strike could cost the US</a> up to $5 billion a day. Ultimately, it's consumers who will pay the price.Some of the <a target="_blank" class="" href="https://www.businessinsider.com/consumer-products-most-likely-to-be-impacted-by-port-strike-2024-9">products</a> that experts say could be affected are perishable food, tires, salt, and liquor.Until the International Longshoremen's Association can reach a contract deal for higher wages and more benefits with employers, ports from Maine to Texas will continue to have costly disruptions."It is critical for the parties to reach an agreement and reopen the gateways that handle roughly half of US imports and exports," Dankert told BI.

From Walmart and Ikea to Heineken, here are the companies whose imports may be most impacted by the port strike

New Delhi, Sales of Indian-made foreign liquor (IMFL) rose by 14 per cent in volume terms to 385 million cases in FY 2022-23 while premium products priced over Rs 1,000 per 750ml bottle grew by 48 per cent, according to industry body CIABC. Sales are almost 12 per cent higher than the pre-Covid levels of FY 2019-20, indicating that the impact of Covid has fully worn off, it said. The industry is expected to grow in the current fiscal by 8 per cent to end around 412-415 million cases (9 litres each), the report by the Confederation of Indian Alcoholic Beverage Companies (CIABC) stated. In FY23, <keyword id="30161" type="General" weightage="20" keywordseo="Whisky" source="Orion">whisky</keyword> remained the largest segment with an expected sales volume of 243 million cases, contributing 63 per cent of sales of the total industry. Moreover, after many years of decline, Gin seems to have reversed the trend and is back in growth, added the report CIABC, which is the apex body of the Indian Alcoholic Beverage Industry. According to the report, the trend of premiumisation has continued in the liquor industry as tumblers prefer for high priced offerings. "Higher price segments are growing much faster than the lower segments and the share of brands above Rs 500 per 750ml bottle is now at 20 per cent," it said, adding the price segment of Rs 1000 and above is dominated by imported products and reported 48 per cent growth. The market is still dominated by low-priced products, selling below Rs 500 per 750ml bottle accounting for 79 per cent of the total sales. While segments priced between Rs 500 to Rs 1,000 accounted for 21 per cent of total sales and above Rs 1,000 (mostly imported) contributed 3 per cent of the sales. However, the share of Indian products in Rs 1,000 and above has risen from 18 per cent to 20 per cent in FY23, indicating a faster growth for Indian products in this segment compared to imported products, it said. CIABC Director General Vinod Giri said: "Liquor industry has sailed through the adverse impact of the Corona pandemic on sales. After a slowdown for couple of years, we are again on fast sales growth path." Region wise, the CIABC report said barring a few states, growth has been fairly 'consistent' across India. "It has grown by 32 per cent in Western region, 22 per cent in Eastern region, 16 per cent in Northern region and 9 per cent in the Southern region," it said. Like earlier, the Southern region has remained the largest contributor to sales volume with 58 per cent share followed by West and East, which contributed 22 per cent equally. The North region contributed 16 per cent of the total sales, as states likes Punjab has a whopping 54 per cent growth over last year. "This appears that the new excise policy has had a very positive effect in a state where IMFL segment has historically been very sluggish and smaller compared to even neighbouring states including Himachal and Uttarakhand," it said. While, Delhi, despite disruption from the excise policy changes and the non-availability of many brands, maintained a healthy annual growth rate of 36 per cent YoY. "However, a closer analysis shows that much of this growth is attributed to the First quarter of 2022-23 when various trade schemes and promotions were run to liquidate the stock in view of the impending changes in the excise policy. Thereafter sales growth has been trending down reaching negative range," it said. However, some states reported a decline in sales also such as Telangana (-6 per cent), UP (-1 per cent) and Uttarakhand (-3 per cent). Over the outlook, CIABC said it expects sales in Telangana and Uttarakhand to recover and other states to maintain growth momentum. "Following the likely Growth Momentum, we expect the liquor industry to end the year FY 23-24 to end around 412-415 million cases which would be a growth of 7-8 per cent," it said. CIABC said it may see challenges in UP, West Bengal and Delhi unless appropriate regulatory interventions are made in these states.

Premium alcohol sales jumped almost 50% in the last financial year

<ul class="summary-list"><li>Chinese tech giant Tencent's value has dropped to the worth of a local Chinese liquor giant.</li><li>Kweichow Moutai overtook what was once China's most valued company in September.</li></ul>Tencent's nearly six-year reign as China's most valued company may be over.Once worth nearly $1 trillion, the gaming and internet giant now hovers at less than half of its peak market value. <a href="https://www.bloomberg.com/news/articles/2022-09-30/tencent-loses-crown-in-world-s-biggest-stock-wipeout-tech-watch-l8szyz3p">On September 30,</a> Tencent lost its status as China's most valuable company when its market capitalization dipped below that of Guizhou-based distiller Kweichow Moutai.That means its value fell from $950 billion in January 2021 to around $325 billion in less than 22 months, <a href="https://www.bloomberg.com/news/articles/2021-01-25/tencent-s-225-billion-rally-triggers-frenzy-in-shares-options">per Bloomberg.</a>As of Tuesday afternoon, Tencent has regained a narrow lead over Kweichow Moutai, with a market capitalization of <a href="https://www.bloomberg.com/quote/700:HK">$302.5 billion</a> to <a href="https://www.bloomberg.com/quote/600519:CH">Kweichow Moutai's $300.1 billion,</a> per Bloomberg's data.Kweichow Moutai is a household name in China. Its <a href="https://www.insider.com/24-china-national-liquor-moutai-baijiu-sold-record-14-million-2021-7">iconic Moutai Baijiu</a> is a fiery 53% alcohol liquor that's commonly consumed during business dinners. The drink <a href="https://www.scmp.com/magazines/style/news-trends/article/3097439/baijiu-chinas-national-drink-served-us-presidents-nixon">was famously served</a> to Richard Nixon on his historic 1972 trip to China.The distiller's profits surged 19.1% in the last nine months, which <a href="https://www.yicaiglobal.com/news/kweichow-moutai-logs-fastest-profit-revenue-growth-in-over-three-years-from-jan-sept">analysis group Yicai Global</a> attributed to an uptick in sales at the distiller's brick-and-mortar stores and the success of its new online retail platform, iMoutai.Tencent did not immediately respond to Insider's request for comment.<h2>Harsh restrictions on tech giants spelled the end of Tencent's glory days</h2><div type="image" title="Maotai liquor is placed in a liquor store in Maotai town in Guizhou province." height="3282" width="4923" msid="94938584" hostid="261"></div>That Kweichou Moutai's market value could even be compared to Tencent's shows how far the tech behemoth has fallen.Tencent's star status was thought to have been cemented during the mid-2010s when its powerhouse app, WeChat, became the super app for every online service imaginable — from texting and video calls to gaming, restaurant bookings, ride-hailing, food delivery, and paying bills. WeChat's built-in payment platform, WePay, is rivaled only by Alibaba's Alipay in a country where cashless payment is so ubiquitous that even beggars in Beijing use it to <a href="https://www.wsj.com/articles/chinas-mobile-payment-boom-changes-how-people-shop-borrow-even-panhandle-1515000570">ask for change by displaying QR codes on makeshift signs.</a>Tencent's rapid descent came less than a year after it posted a $950 billion market capitalization in January 2021, when its value was growing nearly twice as fast as Tesla's, <a href="https://www.bloomberg.com/news/articles/2021-01-25/tencent-s-225-billion-rally-triggers-frenzy-in-shares-options?leadSource=uverify%20wall">according to Bloomberg.</a> At the time, another tech juggernaut, Alibaba, saw its fortunes fouled and its <a href="https://www.youtube.com/watch?v=5gdhpuc4Qi0">historic IPO plans ruined</a> when China accused it of <a href="https://www.reuters.com/business/retail-consumer/china-regulators-fine-alibaba-275-bln-anti-monopoly-violations-2021-04-10/">violating its restrictions on forming monopolies</a>.Beijing's regulatory measures came for Tencent, too, in 2021, when the Chinese government introduced <a href="https://markets.businessinsider.com/news/stocks/china-tech-regulation-crackdown-internet-companies-tencent-earnings-2021-8">new rules on antitrust between internet companies</a> and clamped down on <a href="https://www.businessinsider.com/tencent-limit-children-online-gaming-one-hour-a-day-2022-1">video gaming for Chinese minors.</a><a href="https://www.france24.com/en/live-news/20211125-china-s-tencent-told-to-get-state-approval-for-new-apps-state-media">In November,</a> Tencent was told it would have to receive approval from regulators before publishing any new apps or sending updates to devices.This drive to curb the Chinese tech industry's previously unbridled growth comes directly from President Xi Jinping, who has regularly promoted <a href="https://markets.businessinsider.com/news/stocks/what-is-the-common-prosperity-china-keeps-talking-about-1030889100">"common prosperity,"</a> or the idea of redistributing China's wealth among the nation. <a href="https://www.scmp.com/tech/policy/article/3146995/xi-jinping-says-big-tech-crackdown-making-progress-calls-communist">In August</a>, Xi lauded his government's efforts to halt "barbarous growth" and "irrational expansion" from the tech sector. The Chinese leader has also shown no indication that he's changed his stance. Xi exhorted the need for a "common prosperity" during his speech at this week's <a href="https://asia.nikkei.com/Politics/China-s-party-congress/The-world-according-to-Xi-security-socialism-and-soldiers">Communist Party Congress</a>, which opened on Sunday.Xi is expected to secure a third term and consolidate his position as China's paramount leader at the landmark meeting.

Tech giant Tencent was China's most valuable company for 6 years. In September, it finally lost the title &mdash; to a liquor company.

Bryan Cranston and Aaron Paul were trekking through the jungles of Oaxaca in search of fortune and glory.They were having trouble finding either.After a week in Mexico back in 2016, both Emmy-winning actors were questioning their recent life choices as they endured a bumpy three-hour drive. The previous days had been just like this, traveling from one village to the next but unable to find what they were looking for. Their guide, Alvin, wanted them to try one more place.Oaxaca is the home of mezcal, an alcohol made from agave. Most of the mezcal consumed in the world comes from this Mexican state, and Alvin, a US expat living in Oaxaca City who fancies himself a mezcal whisperer, had been guiding Cranston and Paul through sweltering hikes and butt-numbing rides looking for a version of the liquor that could satisfy both actors' palates and put them into business.Some stars wait for big brands to ask them to be the face of their liquor after all the hard work is complete. But this duo, known best for being scrappy meth cooks on the hit TV show "Breaking Bad," determined that if they were going to pursue this real, more-legitimate venture, they would be in on the ground floor."We just weren't finding it," Paul, now 44, told Business Insider alongside Cranston, 67, while tucked away in the cozy outdoor sitting area at The Bowery Hotel in New York City days before Thanksgiving.He was recalling that rough three-hour drive seven years ago to the small village of San Luis del Rio. Though they had done everything right — smelling the mezcal before drinking it, saluting the maestro who crafted it — each time the mezcal (or "juice" as the locals call it) hit their lips, it wasn't for them. Cranston didn't want to bring back a mezcal that was aggressively smoky, while Paul didn't want one that tasted too weak.So, after a week of visiting 100 operations, it felt as if they were on nothing more than a glorified mezcal tasting tour."We were a bit defeated," Paul acknowledged."I wasn't!" Cranston said with a laugh. "I had a great time."But San Luis del Rio, which is three hours south of Oaxaca City, was different. On their last day of the trip, it was here where they finally found a juice that met their expectations after tasting a batch from a family in the village that had been making it for three generations.The result? Dos Hombres. <div type="image" title="Aaron Paul and Bryan Cranston at the Bowery Hotel." height="1651" width="2500" msid="106130718" hostid="261"></div>Cranston will be the first to say he'd never thought he would start a business with Paul when they initially met on the set of "Breaking Bad" in 2007. This, however, isn't the response Paul was expecting."Really?" Paul asked, his eyebrows raised so high they almost disappeared into his winter cap."C'mon," Cranston shot back, delivering his response with the gruff voice that made him a TV icon.Watching their colorful back-and-forth, I can't help comparing it to the beverage in our hands.At first, I thought it tasted smooth and dignified, like Cranston. But give it a moment and the Paul in it shows up: a hint of smokiness that gives you a jolt as you sip (always a sip, never a shot, they warned me).It's that yin-yang that made their "Breaking Bad" characters, Walter White and Jesse Pinkman, so memorable. But it's also present in their real-life interaction.Whether it's at their photo shoot or chatting with me, Paul is obviously the hype man. He's the one who came up with the idea of getting into the liquor business in the first place and seems to have endless energy through every aspect of it. Cranston lays back and plays the elder statesman perfectly, knowing when the time is right to give his two cents or throw in a zinger once Paul gets too carried away.Their back-and-forth carries into every part of our conversation, including when they discuss why they got into business together."Once I started working with him, I was just so amazed by the guy," Paul told me, accentuating the word "amazed" to really drive his point home."The talent, the beauty," Cranston cut in."The beauty not so much," Paul shot back.<div type="image" title="Aaron Paul and Bryan Cranston in the lobby of the Bowery Hotel." height="1102" width="2500" msid="106130719" hostid="261"></div>The word passion comes up often in our talk. For two guys who grew up in blue-collar families with just enough money to get by, they credit their work ethic with making them who they are today.Now they have taken that approach to making Dos Hombres a player in the spirits game.Mezcal's popularity has surged in the four years since they've gone to market — IWSR labeled it the <a target="_blank" href="https://www.bloomberg.com/news/articles/2022-06-08/mezcal-and-tequila-oust-whiskey-as-second-biggest-us-spirit#xj4y7vzkg">fastest-growing spirit in the US</a> from 2020 to 2021. Surely aided by Cranston and Paul's name recognition, Dos Hombres cracked the top 10 in mezcal sales in its second year and the top five in its third (a Dos Hombres representative confirmed those numbers but declined to provide specific sales figures for this story). The brand has also won spirits competitions in New York, San Francisco, London, and Berlin, and <a target="_blank" href="https://www.cnbc.com/2021/06/17/constellation-brands-invests-in-bryan-cranston-and-aaron-pauls-mezcal.html">Constellation Brands took a minority stake</a> in Dos Hombres for an undisclosed amount in 2021 (Constellation Brands did not return a request for comment on its stake in Dos Hombres).More than simply putting their name on it, Cranston and Paul have flown around the world promoting their mezcal, slinging it at events like the New York City Wine and Food Festival and the rapper Drake's birthday party.Asked where they fit in the crowded celebrity-beverage category, they plead ignorance. They insist they haven't modeled themselves after the George Clooneys or Ryan Reynoldses who came before them because they don't pay attention to who else is out there on the market."Truthfully, we just put our heads down and go to work," Cranston said."But we had heard that there are establishments and bartenders who are dubious about celebrity-owned products," he continued. "I get that. And we don't want to appear in the slightest that this is some kind of cash grab. We have to earn our stripes."That means gaining the respect not just of those in the liquor business, but also the people making Dos Hombres back in Mexico.For generations, mezcal has been a drink produced and consumed by the poor in its home country. And though its global popularity has earned its distributors millions of dollars as they export it, the <a target="_blank" href="https://www.youtube.com/watch?v=BcfR8j1c31I">wealth often doesn't trickle down to the maker of the mezcal</a>, the maestro mezcalero. Since the launch of Dos Hombres, Cranston and Paul said, they go back to San Luis del Rio at least once a year, bringing along the means to improve the lives of its 400 residents.Money earned from Dos Hombres merchandise goes into a fund for the people of San Luis del Rio, according to the brand. So far, they've provided a water-filtration system, paved a road, and a medical facility is in the works.But perhaps Cranston and Paul's greatest show of gratitude was when they decided to make their maestro mezcalero, Gregorio Velasco, a partner in the business.Dos Hombres now has Velasco's picture prominently on the neck tags of the bottles.<div type="image" title="Bryan Cranston and Aaron Paul at the Bowery Hotel." height="2500" width="1875" msid="106130721" hostid="261"></div>"Hi, kiddos!" Paul said with a big grin at our two interview crashers: his kids, Story, 5, and Ryden, 1.Cranston seemingly couldn't be happier."Is that monkey man?" Paul asked Ryden, who was looking over at Cranston, flashing a smile as big as his dad's.There's a visible connection between Cranston and Ryden, who lights up as soon as one of the greatest actors in the world begins playing peekaboo with him.Cranston told me that he and his wife, Robin, had invited the Pauls over for Thanksgiving at their Upper West Side apartment and he was especially excited for the kids to see the floats from the Macy's Thanksgiving Day Parade go by their windows.It seems after decades on the acting grind, Cranston is taking more time to enjoy what's around him.Back in June, he made headlines while <a target="_blank" href="https://www.gq-magazine.co.uk/article/bryan-cranston-interview-2023">speaking with British GQ</a> about his plans to temporarily retire from acting when he turns 70, and even selling his half of Dos Hombres. (Soon after he clarified his comments on Instagram, saying he would take "a year off" at 70 to "pause" his career, though he said he's "not even sure what 'pausing' means.")"Everything is cyclical," Cranston told me when I brought up his future. "The seasons. Our lives. And you have to gauge how things go. Yeah, at some point I'll go on to other things."But in the immediate future, he's having fun with his friend.<div type="image" title="Bryan Cranston and Aaron Paul at the Bowery Hotel." height="1875" width="2500" msid="106130724" hostid="261"></div>Yet the question had to be asked: Are they earning a check for their efforts?Both just laughed at me."We've only put money into the company," Paul insisted, once again emphasizing the most important word in the sentence.While Dos Hombres didn't provide details about its sales or profits, Paul and Cranston have brought the company a long way since those early days searching for juice in Oaxaca. Though still working toward fortune and glory in the alcohol industry, after spending a morning with them, the real reward seems to be the time they get not just together but with each other's families.As we closed out the interview, Ryden still bouncing on his father's knee, Paul talked about how blessed he felt at this point in his life. After years of chasing from one project to the next, now he just takes the time to do what he wants.Cranston agreed, pausing from making faces at Ryden."We didn't have to do this," he said. "The only reason to do it is if we were both passionate about it. And that's what we found."

Bryan Cranston and Aaron Paul poured their own money into their mezcal brand. Now, it's poised to dominate the celebrity liquor market.

<ul class="summary-list"><li>A new Doritos-flavored liquor has launched and will soon sell for $65 a bottle online.</li><li>The liquor, designed for Gen Z, evokes nacho cheese, corn tostada, umami, and a hint of acidity. </li></ul>I've reported on alcohol trends for more than a decade and have sampled hundreds of alcoholic beverages. But when I opened the latest bottle of liquor to arrive on my doorstep, I was hit with a smell I'd never experienced before. Nacho cheese.Doritos is now producing a nacho cheese-flavored liquor, made in partnership with a Danish-based distiller called <a target="_blank" href="https://empirical.co/">Empirical</a>. The flavors are meant to evoke nacho cheese, of course, as well as corn tostada, umami, and a hint of acidity. You can mix the limited edition liquor with a margarita, bloody mary, or old-fashioned. It'll sell for $65 and will be available next month online and in some New York and California stores.<h2>Doritos dust — in a drink</h2>When I first tried it, I took a sip from a glass without any mixers or ice. It almost tasted like flavored vodka, but as the liquid flowed down my mouth, I did get the sensation of nacho chip powder floating around my mouth.That's by design, Empirical distiller and CEO Lars Williams told me. "You feel like you can smell the actual dust and your fingers almost feel like they're going to get a little sticky every time you're tasting it," he said."Wow, no," a friend proclaimed when I gave her a sample to try. She and I are both older millennials — not exactly the ideal demographic for this new liquor. That'd be Gen Z."This younger generation is a little bit more adventurous and willing to try different things," Williams said.<h2>Doritos liquor tasted like a drink I would've made in college</h2>I made my friend and I margaritas using the Empirical x Doritos Nacho Cheese liquor, along with some fresh lime juice, agave syrup, and Del Maguey mezcal — which proved to be a mistake on my part, as Empirical reps told me that I should mix the spirit with blanco tequila, which is more neutral in flavor. We also tried it with a mix of Pepsi and a small splash of lime, another concoction that Williams recommended, but could barely stomach it. I'd say it tasted like a mixed drink I would've had in college.Williams — a former chef at Noma, a Copenhagen restaurant that frequently tops lists of the world's best restaurants — co-founded Empirical in 2017 to create sensory memories from less elitist flavors than expensive fine dining. The drinks he makes, including the Doritos Nacho Cheese liquor, can't legally be called a vodka or a gin because they don't follow the specific standards of those beverage categories. <div type="image" title="Doritos liquor" height="3024" width="4032" msid="105934076" hostid="261" sizebytes="363248"></div>Years ago, a colleague of Williams had come into the distillery from lunch with a bag of Doritos. Inspired, Williams blended the Doritos as a distiller would use botanicals to make a gin, and thought the taste perfectly encapsulated the experience of eating a Dorito. Empirical had offered samples to friends and guests that came to visit the distillery. The company later connected with Pepsi, the maker of Doritos. <h2>Bold flavors are becoming more popular</h2>Liquor flavors of late have included glazed donuts, bacon, tobacco, and cookie dough. Doritos makes everything from spicy pineapple jalapeño to ketchup-and-mustard flavored chips. In the past few years, Pepsi has experimented in the alcohol beverage space with a <a target="_blank" href="https://www.foodandwine.com/news/lays-potato-chip-vodka">vodka made partly from Frito-Lay's potatoes</a> and an <a target="_blank" href="https://www.businessinsider.com/alcoholic-mountain-dew-set-to-launch-in-early-2022-2021-8">alcoholic Mountain Dew</a> made with the brewer of Sam Adams. "There's really no limit on flavor and the flavors that you can put on spirits and chips," Courtney Larson, senior director of marketing for Doritos, said. "It's just pushing those boundaries to figure out what's too far." I asked if that meant there'd be a Doritos Cool Ranch liquor in the future and was told there are no plans for it.<h2>I may never drink my Doritos again</h2>After sampling the Doritos Nacho Cheese liquor, I don't think I'll have it again, and I don't think I'd recommend it to others. The biggest barrier is the cost: $65, a tough price to stomach with so many exceptional liquors sold at that price point. Later, though, as I started eating a bag of Doritos chips, I couldn't help but dive in for seconds and thirds. They're delicious.

I tried the $65 Doritos-flavored booze and could taste nacho cheese dust in every sip. Here's what it says about the future of liquor. 

<ul><li>The excise department of <keyword id="66" type="General" weightage="80" keywordseo="delhi" source="Orion">Delhi</keyword> has proposed to legalise the <keyword id="6958822" type="General" weightage="20" keywordseo="home-delivery-of-liquor" source="Orion">home delivery of liquor</keyword> and put an end on all discounts offered by vendors</li><li>The new excise policy is still in the early stages, but reports suggest it could be announced soon.</li><li>The policy document also proposed to reduce the legal drinking age from 25 years to 21 years.</li></ul>Delhiites may soon be able to get alcohol home delivered as the excise department of Delhi has proposed to legalise the home delivery of liquor and put an end to <a href="https://www.businessinsider.in/india/news/cheap-liquor-in-delhi-is-a-thing-of-the-past-now/articleshow/89919730.cms">all the discounts</a> offered by vendors in the new Delhi Excise Policy 2022-23. The Delhi Cabinet may take a rational decision on the proposal this month, <a href="https://www.hindustantimes.com/cities/delhi-news/delhi-govt-may-give-nod-to-home-delivery-of-liquor-in-the-capital-101652127460746.html">according to Hindustan Times report.</a> According to the official government procedures, it is mandatory to notify the excise policy at the start of every financial year. It has remained the same in the last few years, however, it was restructured last year by the Delhi government. It added the definition of new zones and included a one-time charge at the time of bidding for vends. “If anyone home-delivers liquor as of now, it will be deemed illegal," said an excise official. The new 2021 rules stated that shops with L-13 license will be allowed to deliver both Indian and foreign alcohol/liquor to the homes of people, only if the order is received through an online web portal or app. However, this rule restricts all deliveries to hostels, offices or institutions. “Home deliveries have to be envisaged and built as a separate channel. It has a cost involved, and if it is force fitted, one of the current supply chain participants — manufacturer, distributor, retailer or consumer — will have to absorb it. That is a disincentive. Therefore, for home deliveries to succeed, an altogether new parallel distribution chain is needed which has provisions for costs and reasonable returns for all its participants,” said Vinod Giri, director general of the Confederation of Indian Alcoholic Beverage Companies (CIABC). The existing policy also allows vendors to <a href="https://www.businessinsider.in/india/news/cheap-liquor-in-delhi-is-a-thing-of-the-past-now/articleshow/89919730.cms">give discounts</a> on liquor, however, it was discontinued by the Arvind Kejriwal-led government in February, as the discounts were attracting a lot of crowd outside liquor shops, violating COVID-19 rules and regulations. On April 2, the Delhi government allowed the vendors to offer a maximum 25% discount on the retail price. The new excise policy is still a work in progress, and reports suggest it will be announced soon. “The department has submitted some proposals for the consideration of the cabinet. It will not be a new policy but a revised one which will try to address the challenges which were identified during the implementation of the existing policy (2021-22). There is a significant potential for revenue augmentation and also providing a decent standard of customer experience at par with the stature of the national capital," an unnamed official was quoted as saying by the report. The policy document also proposed to reduce the legal drinking age from 25 years to 21 years in parity with neighbouring cities. However, it doesn’t highlight the home delivery access as part of excise rules. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rainbow-childrens-medicare-makes-a-weak-debut-on-exchanges-as-it-lists-at-a-6-discount/articleshow/91458342.cms">Rainbow Children’s Medicare makes a weak debut on exchanges as it lists at a 6% discount</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/this-silicon-valley-based-vc-tells-us-why-falling-indian-startup-stocks-is-a-boon-in-disguise-for-him/articleshow/91457761.cms">This Silicon Valley-based VC tells us why falling Indian startup stocks is a boon in disguise, for him</a>

Delhiites may soon enjoy home delivery of liquor, says report

Stock prices of major liquor stocks, including United Spirits and Radico Khaitan plunged on Tuesday after the Delhi <keyword id="26362" type="COMPANY" weightage="20" keywordseo="Government">government</keyword> imposed a 70% 'special corona fee' on the sale of alcohol in the city. Other states like <keyword id="37102" type="LOCATION" weightage="20" keywordseo="Andhra-Pradesh">Andhra Pradesh</keyword> have also raised taxes on liquor as all possible avenues of boosting revenue are being explored to fight Covid-19 outbreak. <div type="Article" hostid="261" msid="75545892" title="Booze 70% costlier as Delhi slaps special corona fee starting today" mstype="2" mssubtype="0"></div> Around 11.30 a.m., shares of Radico Khaitan, the maker of Magic Moments and Rampur Indian Single Malt Whisky, were at Rs 303.85, lower by Rs 12.75 or 4.03 per cent from its previous close. Stocks of United Spirits were at Rs 527.65 per share, lower by Rs 13.95 or 2.58 per cent from the previous close. United Spirits produces the brands Black Label, Black Dog and 'Smirnoff' vodka among others. Further, the scrip of <keyword id="81868" type="DOMAIN" weightage="20" keywordseo="United-Breweries">United Breweries</keyword>, the maker of the '<keyword id="6360137" type="COMPANY" weightage="20" keywordseo="kingfisher">Kingfisher</keyword>' brand of beer, also fell around two per cent. Around 11.30 a.m. it was trading at Rs 948.55, lower by Rs 21.55 or 2.22 per cent from the previous close. In an order issued late on Monday night, the Finance Department imposed the fee, describing it as the 70 per cent of the maximum retail price on all categories of liquor sold through retail licensees for consumption "off" the premises. "The Delhi government has levied a Special Corona Fee -- 70 per cent of the Maximum Retail Price (MRP) -- on all categories of liquor from the consumer at the Point of Sale by the retail vend licensees for consumption off the premises, which will be further reimbursed to the Government," the order signed by Deputy Commissioner (Excise) said. The liquor industry, however, has said that the move would have negative impact on the industry economy. Vinod Giri, Director General of the Confederation of <keyword id="9026991" type="COMPANY" weightage="20" keywordseo="indian-alcoholic-beverage-companies">Indian Alcoholic Beverage Companies</keyword> (CIABC) said that such steep hike in levies could be counter-productive in the long run. <div type="Article" hostid="261" msid="75548883" title="Andhra Pradesh government hikes liquor prices by another 50%" mstype="2" mssubtype="0"></div>

Major liquor stocks price plunge after state governments levy Corona fee

<ul class="summary-list"><li><keyword id="11892748" type="UNKNOWN" weightage="60" keywordseo="china" source="Orion">China</keyword>'s throat-burning national liquor, <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fdrizly.com%2Fliquor-brands%2Fmoutai%2Fb10512" rel="nofollow sponsored">Moutai</a>, is now available as an ice cream.</li><li>The Moutai-infused ice cream has sparked a Weibo debate over the cost of the treat.</li></ul>China's state-owned liquor brand <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fdrizly.com%2Fliquor-brands%2Fmoutai%2Fb10512" rel="nofollow sponsored">Moutai</a> has created an ice cream infused with the throat-burning <keyword id="11994111" type="UNKNOWN" weightage="60" keywordseo="alcohol" source="Orion">alcohol</keyword>.<keyword id="14033950" type="UNKNOWN" weightage="60" keywordseo="moutai" source="Orion">Moutai</keyword>, better known as <a href="https://edition.cnn.com/2021/01/15/business/kweichow-moutai-chinese-liquor-intl-hnk/index.html">"firewater,"</a> is notorious for its high alcohol by volume (ABV), ranging between 38% and 53%."The first time I tried Moutai, it tasted like engine oil — fiery and burnt my throat on the way down. Now I find it smooth and enjoyable," Shaun Rein, the founder of China Market Research Group, told <a href="https://www.bbc.com/news/business-53216320">the BBC</a> in 2020.In China, Moutai has for years been <a href="https://www.economist.com/business/2020/01/23/moutai-madness">viewed</a> as a status of wealth and nationalism. Chinese politicians and business people regard it as the drink and gift of choice. However, the younger Chinese generation no longer values Moutai the same way as their elders did, <a href="https://www.bloomberg.com/news/articles/2021-07-14/baijiu-maker-jiangxiaobai-wants-millennials-gen-z-to-drink-the-liquor">Jinshan Hong reported for Bloomberg</a> in 2021.To stay relevant with the younger generation, the spirit brand opened on May 19 an ice-cream store serving Moutai-infused ice cream, according to <a href="https://edition.cnn.com/travel/article/moutai-ice-cream-hnk/index.html">CNN.</a> The store is located in the lobby of the Moutai International Hotel in China's southwest Guizhou province. <div type="image" title="Different bottles of moutai" height="3356" width="4475" msid="91806631" hostid="261"></div>While a <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fdrizly.com%2Fliquor-brands%2Fmoutai%2Fb10512" rel="nofollow sponsored">bottle of Moutai</a> ranges between 1,499 yuan ($223) and 16,000 yuan ($2,381), a scoop of Moutai ice cream only costs 39 yuan ($5.80), the outlet said. The affordability has sparked a trending hashtag on Weibo, the Twitter of China. The hashtag, which CNN translated to "Moutai ice cream is 39 yuan per serving," has over 180 million views as of publish time.One Sichuan-based user called Moutai "shameless" on Weibo: "It's too cheap. At least it should start at three digits; otherwise, everyone can afford it," he wrote.A user from Hubei also took issue with the low cost, writing, "39 yuan is not worthy of the name Moutai; even if there is no market, it must be at least 399."However, others embraced the affordable pricing. "That's great, people like me who love ice cream and want to drink Maotai but can't afford it," a Hunan-based user wrote on Weibo."If you can't drink Moutai, then you can eat ice cream," another user from Hunan commented.Moutai's Research and Development team told CNN that it is not advisable to eat the ice cream and drive because the Moutai-infused ice cream contains a 3% alcohol concentration. Minors below the age of 18 are not allowed to buy the ice cream.In 2020, Moutai became the country's <a href="https://www.statista.com/statistics/1131569/china-kweichow-moutai-stock-annual-performance/#:~:text=Kweichow%20Moutai%20was%20a%20partly,over%2023%20percent%20that%20year.">most valuable publicly listed company</a> after its stock grew by over 23% that year.

China's throat-burning national liquor is now available as an ice cream, and people are being advised not to eat and drive

<ul class="summary-list"><li><keyword id="11929276" type="UNKNOWN" weightage="60" keywordseo="united-airlines" source="Orion">United Airlines</keyword> has resumed serving hard liquor to economy passengers, CNN reported.</li><li>The airline had been serving beer, wine, and hard seltzer to passengers since June.</li></ul>United <keyword id="11898285" type="UNKNOWN" weightage="60" keywordseo="airlines" source="Orion">Airlines</keyword> has resumed serving hard liquor after halting the service early in the pandemic.<a href="https://www.cnn.com/travel/article/united-airlines-resumes-serving-liquor/index.html?utm_term=link&amp;utm_medium=social&amp;utm_source=twCNN&amp;utm_content=2021-11-16T11%3A30%3A09">CNN</a> reported United's decision to resume serving mini alcohol containers to economy passengers in domestic flights of over 300 miles after "feedback from both customers and <keyword id="11898286" type="UNKNOWN" weightage="60" keywordseo="flight-attendants" source="Orion">flight attendants</keyword>."The airline had been serving beer, wine, and hard seltzer to passengers since June, according to CNN. Hard liquor service began again on November 15.Flight attendants previously told Insider <a href="https://www.businessinsider.com/flight-attendants-on-alcohol-on-board-mask-enforcement-violence-2021-6">alcohol only worsens passenger aggression</a>, and resuming alcohol service could worsen the ongoing unruly passenger crisis. The Federal Aviation Administration has received more than 5,000 reports of passengers accused of kicking, groping, hitting, and verbally harassing flight attendants in 2021.Flight attendant and union leader <a href="https://www.npr.org/2021/08/28/1032065934/flight-attendant-union-leader-alcohol-is-big-factor-in-rise-of-airline-incidents">Sara Nelson</a> has recommended airlines take steps to limit alcohol consumption on board."The incidents of violence on planes is out of control and alcohol is often a contributor," a spokesperson for the Association of Flight Attendants told Insider. "The federal government should provide guidance to airlines and airports on pausing alcohol sales for a period of time."United's decision to resume hard liquor service comes ahead of the <keyword id="12271164" type="UNKNOWN" weightage="60" keywordseo="holiday-travel" source="Orion">holiday travel</keyword> season, typically a busy time for airlines and crew members.If you are a flight attendant working during the holiday travel season, email the author at <a href="mailto:aakhtar@insider.com">aakhtar@insider.com</a>.This year, some airlines are facing the possibility of cancelling flights during the holidays due to the risk of <a href="https://www.businessinsider.com/southwest-meltdown-casts-doubts-how-to-prepare-for-holiday-flying-2021-10">extreme weather events and staff shortages</a>, Insider's Thomas Pallini reported.Southwest Airlines recently experienced a <a href="https://www.businessinsider.com/why-my-southwest-flight-was-canceled-bad-weather-in-florida-2021-10">meltdown</a> after air control issues led to thousands of cancelled flights and stranded passengers. Southwest exec Mike Van de Ven said the company needs to build a "staffing cushion" to <a href="https://www.businessinsider.com/southwest-will-increase-perks-to-avoid-staff-shortages-holiday-season-2021-11">prevent further disruptions</a>.Airlines are already rolling out measures to prevent staff shortages this winter. <a href="https://www.businessinsider.com/american-airlines-workers-could-receive-1000-in-bonus-pay-season-2021-11">American Airlines</a> is offering $1,000 in bonus pay to workers with perfect attendance during the holiday season, and <a href="https://www.businessinsider.com/southwest-will-increase-perks-to-avoid-staff-shortages-holiday-season-2021-11">Southwest Airlines</a> is offering up to 120,000 rewards points to employees who work between November 15 and January 14.United Airlines was not immediately available for comment.

You Searched For "liquor companies" and got 11 results

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Bryan Cranston and Aaron Paul poured their own money into their mezcal brand. Now, it's poised to dominate the celebrity liquor market.

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I tried the $65 Doritos-flavored booze and could taste nacho cheese dust in every sip. Here's what it says about the future of liquor.

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China's throat-burning national liquor is now available as an ice cream, and people are being advised not to eat and drive

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