Made in the BalticsBusinessFeaturedLatviaSponsored

Latvia: New “Riga Black Balsam Cherry” reaches record high sales figures

0
Latvia: New “Riga Black Balsam Cherry” reaches record high sales figures

The new product was launched this year in honour of the 265th anniversary of the brand’s original recipe.

Within two months, more than 70,000 bottles of “Riga Black Balsam Cherry” are sold

Riga black Balsam Cherry

Riga black Balsam Cherry has an original, modern and unique flavour born from combining Riga Black Balsam with cherry juice. This creates a harmonious balance between the sweetness and the bitterness of the drink with a strong cherry aroma to boot. The aroma features underlying notes of cherry, cherry stones and leaves. The addition of ginger gives the drink a feeling of freshness.

Cherry Balsam is a newcomer to the product line of “Riga Black Balsam“. Production began in August 2017 and has already reached significant volumes of sale. In a period of almost two months, more than 70,000 bottles of “Riga Black Balsam Cherry” or approximately 33,000 litres have been sold. The new Cherry Balsam is already 16% of the total sales volume of “Riga Black Balsam”.

Initially “Riga Black Balsam Cherry” was intended to be produced as a limited edition offer, with a focus on the Latvian market. After seeing the enormous demand and the high sales figures, a decision was made to include it as a standard offer for the product line of “Riga Black Balsam”. And ambitious goals have been set to increase the local market share, and actively conquer export markets, thus promoting Latvian exports in general.

In 2018, “Riga Black Balsam Cherry” will also be available in Russia, Italy, United Kingdom, Scandinavian countries and elsewhere across the world.

By October, “Riga Black Balsam Cherry” will be available in the major retail chains in Lithuania and Estonia. But in 2018, expansion has been planned of “Riga Black Balsam Cherry” to Russia, Italy, United Kingdom, Scandinavian countries and elsewhere across the world. The product will also be available at the duty-free shops of European airports.

”Riga Black Balsam Cherry” has confidently started a successful journey in the market of alcoholic beverages. It proves that the intensive work invested by our master distiller – and lasting for more than a year – as well as the 111 attempts to find the natural balance of tastes between the ingredients of balsam and cherry have successfully hit the mark. We plan for end of year sales volumes of “Riga Black Balsam Cherry” in the Latvian market to increase by 170%, and in export markets by nearly 120%. And next year we plan to double the sales volumes in comparison with 2017,” stated “Riga Black Balsam” Global Brand Director Maris Kalnins.

“Riga Black Balsam Cherry” boasts an original, contemporary and unique bouquet of flavours created by the combination of “Riga Black Balsam” and natural cherry juice. The new product was launched this year in honour of the 265th anniversary of the brand’s original recipe.


The Baltic Shop

Ingvar Henry Lotts
Dr. Ingvar Henry Lotts is the founder of the Baltic Review (ISSN 2029-2643). He is member of the International Federation of Journalists (IFJ), Editor-in-Chief & Publisher of the BALTIC REVIEW and President of the Union of Lithuanian Germans (LVS). Ingvar Henry Lotts lives in Vilnius with his wife Elvyra, a orphanage director, and their daughter Anna-Gertruda, student of the Vilnius University.

Latvia: Population of Ventspils can’t keep up with the rushing economy

Previous article

India Set to Renegotiate LNG Rates with Russia

Next article

Comments

Comments are closed.

You may also like