Published
3 years agoon
Coca-Cola and Jack Daniels owner Brown-Forman announced a new agreement today to distribute a ready-to-drink Jack & Coke cocktail.
This was disclosed via a press release titled “Brown‑Forman and The Coca-Cola Company Announce Plans to Debut Jack Daniel’s® Tennessee Whiskey and Coca-Cola®™ Ready-To-Drink Cocktail”
The drink will have around 5% alcohol and will embody the essence of a drink that has been requested at bars for decades. There will be both full-sugar and no-sugar alternatives available.
The companies indicated that the implementation will begin in Mexico in late 2022, with select countries across the world following in 2023.
The companies also said in a joint statement that the cans will carry obvious responsibility symbols to deter underage drinking and that they are dedicated to responsible marketing methods.
The press release read, ”Brown‑Forman Corporation (NYSE: BFA) (NYSE: BFB) and The Coca-Cola Company (NYSE: KO) today announced a global relationship to debut the iconic Jack & Coke cocktail as a branded, ready-to-drink (RTD) pre-mixed cocktail option.”
Lawson Whiting, CEO and President of Brown‑Forman Corporation said, “This relationship brings together two classic American icons to deliver consumers a taste experience they love in a way that is consistent, convenient, and portable,”
He added that “Coca-Cola perfectly complements Jack Daniel’s and our existing RTD offerings, enabling us to accelerate expansion and continue to grow our business around the world.”
The can and packaging, which will carry clear responsibility signals declaring that it is solely for people of legal drinking age, will feature two of the world’s most recognizable and valuable trademarks in Coca-Cola and Jack Daniel’s.
The growth of the ready-to-drink cocktail market sheds light on why Coca-Cola has finally gotten serious about exploiting the opportunity: The total volume of sales of spirits-based ready-to-drink cocktails surged 226% from 2016 to 2021, according to data from Mintel. In 2021, about 50% of adults over the age of 22 consumed a ready-to-drink cocktail, Mintel’s data shows, up from 40% in 2018.