Innovation Beverage Group Limited (IBG)
NASDAQ (CM) NASDAQ (CM) Primary Summary
Innovation Beverage Group to Boost Sales of Its Bitters Brands in the U.S. Through Strategic Alliance With Blue Ridge Spirits & Wine Marketing
Blue Ridge to leverage its robust national sales team, established distributor and retailer relationships, to sell IBG's award-winning Australian Bitters Company and BITTERTALES brands SEVEN HILLS, AUSTRALIA / ACCESSWIRE / November 19, 2024 / Innovation Beverage Group Ltd, ("IBG" or the "Company") (NASDAQ:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today it has signed a Sales Services Agreement with Atlanta, Georgia-based Blue Ridge Spirits & Wine Marketing to sell its Australian Bitters Company and BITTERTALES brands throughout the U.S. "We're pleased to have Blue Ridge as our partner for a city-by-city market expansion across the U.S. for our award-winning bitters brands," stated IBG's Chairman and Chief Operating Officer, Sahil Beri. "We have inventory in the U.S. ready to ship and are very confident that our Australian Bitters Company and BITTERTALES will be very well received by buyers and consumers alike.
Innovation Beverage Group Receives Largest Shipment of Its Top-Selling Bitters to Date in the U.S. - Ready to Meet Growing Demand from Expanding Distribution Network
IBG's award-winning Australian Bitters Company brand is one of the top telling bitters brands in Australia SEVEN HILLS, AUSTRALIA / ACCESSWIRE / October 29, 2024 / Innovation Beverage Group Ltd, ("IBG" or the "Company") (NASDAQ:IBG), an innovative developer, manufacturer, and marketer of a growing beverage portfolio of 60 formulations across 13 alcoholic and non-alcoholic brands, announced today that through warehouses in the U.S., the Company has received its largest shipment of Australian Bitters Company and BITTERTALES brands to serve its expanding distribution network. Recently, IBG announced that its Australian Bitters Company brand is now available nationwide through Sysco and is the first bitters to be sold by the global leader in foodservice distribution.
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Innovation Beverage Group Limited Profile
| Beverages Industry | Consumer Staples Sector | Sahil Beri CEO | NASDAQ (CM) Exchange | 000022617 CUSIP |
| AU Country | 13 Employees | - Last Dividend | 30 Jan 2026 Last Split | - IPO Date |
Overview
Innovation Beverage Group, originally known as Australian Boutique Spirits PTY LTD, is a distinguished entity in the beverage industry focusing on the development, manufacturing, selling, and exporting of alcoholic and non-alcoholic beverages. Established in 2018 and operating from Seven Hills, Australia, the company underwent a name change to Innovation Beverage Group Limited in June 2022, marking a new phase in its history. With a strong presence in both Australia and the United States, Innovation Beverage Group, along with its subsidiaries, has carved out a niche for itself by offering a wide variety of high-quality beverages that cater to diverse tastes and preferences. Its business model encompasses not only traditional retail but also modern e-commerce platforms, showcasing its adaptability and forward-thinking approach in the rapidly evolving beverage industry.
Products and Services
Innovation Beverage Group offers an extensive portfolio of beverages that cater to a wide range of consumers, including the following:
- Bitters: Products under the Australian Bitters Company and BitterTales brands are known for their contribution to the art of cocktail making, providing the essential bitter component that adds depth and complexity to cocktails.
- Bottled Cocktails: The Twisted Shaker brand offers a convenient solution for cocktail enthusiasts, featuring pre-mixed, bottled cocktails that maintain a high level of quality and authenticity.
- Light Spirits and Mixers: Catering to consumers seeking lighter alcoholic options, the company provides light spirits and mixers that can be enjoyed on their own or used to craft delightful mixed drinks.
- Non-Alcoholic Beverages: Recognizing the growing demand for non-alcoholic options, Innovation Beverage Group offers a range of non-alcoholic beverages that provide satisfying alternatives for those abstaining from alcohol.
- Non-Alcoholic Spirits: Under the Drummerboy brands, the company produces non-alcoholic spirits, enabling consumers to enjoy the taste of classic spirits without the alcohol content.
- Other Alcoholic Beverages: The portfolio is further expanded with brands such as Australis Gin, VOCO, Cheeky Vodka, Coventry Estate Gin, and Geo Liqueurs, each offering unique flavors and experiences for those seeking variety in their alcoholic beverages.
- Retail of Wines and Spirits: Through its multiple online marketplaces, including www.wiredforwine.com, www.bevmart.com, www.bevmart.com.au, and www.drummerboy.com, Innovation Beverage Group offers a broad selection of wines, spirits, and other products, enabling easy access for consumers to explore and purchase their preferred beverages.
