Coca-Cola and Jack Daniels owner Brown-Forman announced a new agreement on Monday to distribute a ready-to-drink Jack & Coke cocktail. The Jack & Coke cocktail combines Coca-Cola and Jack Daniels. (Source: Brown-Forman)Whiting will be appearing exclusively on Yahoo Finance Live in the 9:00am ET hour on Tuesday to discuss the rollout. For Coca-Cola, the new product marks the company's long-awaited serious arrival to the alcohol market. 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.

Source: Daily Nation June 13, 2022 12:03 UTC