Fire at Jim Beam Ruins 45,000 Barrels of ‘Young Whiskey.’ Retail Value? Up to $300 Million

A fire at a Jim Beam bourbon facility in Kentucky ruined about 45,000 barrels, potentially destroying hundreds of millions of dollars of alcohol. The spirits that went up in flames were “relatively young whiskey,” parent company Beam Suntory said in an email. “Given the age of the lost whiskey, this fire will not impact the […]

How to Get the $1,000 Mint Julep Being Served at This Year’s Kentucky Derby

The Mint Julep has been the official cocktail of the Kentucky Derby since 1939, shortly after the end of Prohibition. While thousands of the cocktails will be sold at this year’s race on May 4, Woodford Reserve is already selling an exclusive $1,000 version of the cocktail. The limited-edition drink will be served in an […]

German Whiskey Distillers Are Starting to Hit Their Stride

Whiskey has become big business–now even with its own investment fund. One of the places the fund may be looking at is up-and-comer Germany. The German brewing industry’s spirits are up, according to the Associated Press. Whiskeys from the region aren’t well known in other countries–production was worth $13.1 million in 2017, compared to Scotland, […]