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Alcohol-free spirits group Crossip tries again in Australia
Yahoo Finance· 2025-12-03 13:24
Core Insights - Crossip, a non-alcoholic spirits producer, has successfully entered the Australian market through a distribution agreement with Paramount Liquor, marking a significant step after previous unsuccessful attempts [1][3] - The company aims to capitalize on the growing global demand for premium alcohol-free alternatives, with plans for further international expansion [3][4] Group 1: Market Entry and Distribution - Crossip's products are now available in Australia, distributed by Paramount Liquor's field team starting this month [2] - The product range includes bottled 0% ABV spirits such as Dandy Smoke, Pure Hibiscus, and Blazing Pineapple [2] Group 2: Growth and Market Strategy - The CEO of Crossip indicated that the company is experiencing "real momentum" in Asia, particularly in Hong Kong, and in Europe, with Belgium being a strong performer [5] - Crossip is on track for significant year-on-year growth from 2024 into 2025, primarily due to its expansion in global markets [5] Group 3: Future Plans - The company is in discussions regarding entry into several new markets, with potential announcements expected in early 2026 [6] - Europe is identified as a major focus for new market expansion, alongside plans to strengthen its presence in the Middle East, particularly in the UAE and Saudi Arabia [6]