Wines

Consumer

Will the Drink Industry’s Hangover Last Through 2025?

Photo by Paloma A. via Unsplash

In a 2023 Gallup survey, 62% of American adults under 35 said they drink alcohol, down from 72% twenty years earlier.

2 min read

Photo by Eva Rinaldi via CC BY-SA 2.0

Consumer

Pernod Ricard Dumps Most Wine Holdings as Grapes Sour

Paris-based Pernod Ricard announced Wednesday that it’s selling most of its wine portfolio to a consortium of Australian wine investors.

1 min read

Photo by Energepic.com via Pexels

Consumer

Loser of 2024: The Luxury Market

Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.

1 min read
Photo by The Drink via Unsplash

Banking

Winner of 2024: Investment Bankers

As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.

2 min read
Photo via Connor Lin / The Daily Upside

Social Media

2024: The Year Reddit Grew Up

Reddit went public this year and is inching towards profitability, a mere 19 years after it was founded, and the future looks bright.

1 min read

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