Growth Beverage and Beverage Partners, the parent companies of InvestBev, BevStrat, and Algoma Capital announce the launch of Sprout Beverage. Sprout Beverage exists because new to market brands or undiscovered brands often fail and flounder as they learn the alcohol business. That inexperience can cost upwards of 80K in wrong turns and missteps. Sprout aims to be a one stop shop to launch accelerate efficiency.
CHICAGO, Oct. 20, 2022 /PRNewswire-PRWeb/ -- Sprout has hired as VP of Innovation, Gustavo Aguirre, an industry veteran most recently with Molson Coors, to lead the company.
Gustavo has extensive experience supporting brands as they come to market globally and hand holding them as they develop, formulate, market, hire, and sell their brands through the three-tier system.
Historically, this is the first time in the alcohol business that all the resources to take a supplier from start to finish is under one roof. InvestBev is the private equity firm behind Speak Easy, CANN, Siempre Tequila, Nomadica, Reserve Bar and more. BevStrat is the industry leader in shared services sales for brands. Algoma is a beverage debt provider and now Sprout.
Sprout Beverage is now talking applications for their current support services and their January 2023 cohort.
Sprout will operate up to four cohorts per year taking 6-10 brands per session. Sessions will meet once a month for 2 days in person or virtually. Each session will be a combination of industry experts, including distributors, banks, compliance teams, importers, marketers, and more along with educational sessions from the teams at BevStrat, Algoma, and InvestBev. The cohort will end with a "Shark Tank" type pitch day as a nod to graduation. Graduates will have unfettered access to the rest of the companies under the corporate letterhead.
Media Contact
Gustavo Aguirre, Sprout Beverage LLC, 1 312-608-4275, [email protected]
Gustavo Aguirre, Sprout Beverage, 312-608-4275, [email protected]
SOURCE Sprout Beverage LLC
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