ReserveBar explained

ReserveBar
Industry:Retail
Type:Private
Services:Alcohol e-commerce
Founder:Lindsay Held
Jeff Carton
Key People:Lindsay Held, CEO

ReserveBar is an American online marketplace that facilitates the delivery and shipping of premium and luxury spirits, wine, and champagne from licensed liquor stores.[1] [2]

It is also known for its partnerships with celebrities to launch their alcohol brands, including Bruno Mars, Ryan Reynolds, Bob Dylan, Breaking Bad stars Aaron Paul and Bryan Cranston, and George Clooney, among others.[3] [4]

History and timeline

Dartmouth College alumni Lindsay Held and Jeff Carton founded ReserveBar in 2013 after they found out that there was no online service to send a few bottles of premium vodka to their friend across the country.[5] [6]

The biggest alcohol distributor in the US, Southern Glazer's Wine and Spirits acquired an equity stake in ReserveBar in March 2021, one month after Uber agreed to buy another alcohol e-commerce platform Drizly.[7]

Also, in March 2021 ReserveBar teamed up with Condé Nast’s Epicurious to create the Epicurious Interactive Cocktail Cabinet, a cocktail recipe discovery tool.[8]

In July 2021, the company closed Series B financing.[9]

In November 2021, ReserveBar acquired an online alcohol retailer Minibar Delivery.[10] [11]

Spirited Change Initiative

Less than 5% of the alcohol industry represents BIPOC or female entrepreneurs, according to ReserveBar.[12] ReserveBar has supported minority- and women-owned alcohol brands since 2020. In August 2021, the company announced it will spend $5 million to market BIPOC and female entrepreneurs through its Spirited Change Initiative. Mary J. Blige, Sean Combs, Kevin Durant and Rich Kleiman joined the initiative as investors.[13] [14]

Notes and References

  1. Web site: 2022-04-23 . Instant Gratification – . 2024-04-15 . Market Watch . en.
  2. Web site: Burke . Owen . 29 April 2022 . I ordered liquor from ReserveBar, and it has an impressive selection of luxury wines and top-shelf spirits . 2024-04-15 . Business Insider . en-US.
  3. Web site: Shaw . Lucy . 2021-01-19 . Bruno Mars’ top rum sells out in two hours . 2024-04-15 . The Drinks Business . en-GB.
  4. Web site: Eads . Lauren . 2020-05-05 . Top 10 spirits retailers still delivering during lockdown . 2024-04-15 . The Spirits Business . en-US.
  5. Web site: The Best Boozy Gift Guide For Any Occasion . limited . Vegas Magazine.
  6. Web site: Apr 2014 . Mar- . Class Note 1988 . 2024-04-15 . Dartmouth Alumni Magazine . en.
  7. Web site: Carruthers . Nicola . 2021-03-18 . Southern Glazer's invests in Reserve Bar . 2024-04-15 . The Spirits Business . en-US.
  8. Web site: Dumenco . Simon . 25 March 2021 . Condé Nast teams up with ReserveBar on ‘Cocktail Cabinet’ in latest e-commerce push . Ad Age.
  9. Web site: Swartz . Kyle . 2021-07-14 . ReserveBar Closes Series B Financing . 2024-04-15 . Beverage Dynamics . en-US.
  10. Web site: Swartz . Kyle . 2021-11-08 . ReserveBar Acquires Minibar Delivery . 2024-04-15 . Beverage Dynamics . en-US.
  11. Web site: Dara . Jillian . 5 November 2021 . ReserveBar Is Acquiring Minibar Delivery: Here’s What That Means For Alcohol E-Commerce And RTDs . 2024-04-15 . Forbes . en.
  12. Web site: Miller . Kirk . 14 February 2022 . ReserveBar Is Taking $20 Off Everything From These BIPOC- and Women-Owned Spirits Brands . 2024-04-15 . InsideHook . en-US.
  13. Web site: Thornton . Cedric 'BIG CED' . 2021-08-26 . Mary J. Blige Among Investors to Help Minority- and Women-Owned Businesses in the Spirits Industry . 2024-04-15 . Black Enterprise . en-US.
  14. Web site: Ramirez . Elva . 2021-08-25 . Mary J. Blige Takes on New Role to Help Diversify the Spirits Industry . 2024-04-15 . Rolling Stone . en-US.

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