Shortly after we launched Heaven’s Door, I got a call from the CEO of Playboy Enterprises,
Ben Kohn. Ben said that Playboy was interested in getting into the alcoholic beverage space. He loved the work that he saw with Heaven’s Door and was a big fan of Angel’s Envy. Would that be something we’d be interested in? This was probably 2017, maybe 2018. I said, “Well, I don’t know if the Playboy brand will work for a high-end spirit in the US. I think I could see that working in other parts of the world where you have very high brand recognition and brand equity. I think it could be China, India, or Brazil, but I don’t know that it would have any value for this category in the US. And he said, “Well, China’s one of our biggest markets. We have 98% brand awareness, and we do a ton of business there. I said, “Great. It’s the biggest spirit market in the world. If we want to focus outside of the US, it could be interesting.” So, we ended up putting together a partnership, and our plan was to go to China first and then expand throughout Asia, then think about these other core markets in the world.
We spend almost 2 years in product development and research and finding distributors for China. And then Covid hits first in China. So okay, we’re not launching anything there. The markets were completely closed, and no one knew how long it would be. So we had a lot of time. And then, obviously, the markets in the US closed with the rest of the world. So, we ended up thinking more about whether there was a better way to come up with a brand that could work globally. And so it should have some kind of subtle reference to Playboy. We originally thought that Playboy Bunny was the icon.
Rare Hare speaks to rare whiskey, and Rare Hare ties in the bunny to Playboy. But the brand is not going to be Playboy. It’s going to be a separate thing entirely, kind of like Dylan. The brand wasn’t Dylan. Playboy is part of the company and behind the brand, but they’re not the brand.
We’ll make the brand architecture based on rare and unique whiskeys from around the world. It does not need to be focused only on American whiskey; it can be anywhere. It just needs to be truly unique and hard to find. People in the whiskey space love to explore and try different things. It’s incredible the last 10 years. Just about anybody at a cocktail party will tell you about their whiskey collection, and that was not the case, you know, 10, 15 years ago.
So we thought it was a fun positioning, and we started looking for very hard-to-find whiskeys, which means a high-age statement that you don’t see too much of in whiskey. We’re talking about 15 years plus, which you find in Scotch, but it is an American whiskey. So, we came out with a release. Our first release was a 20-year-old. Then we called that Expression 1953, the year Playboy was founded. And we made about 4,000 bottles, 1,953 for us and 1,953 for the rest of the world. It was priced at $500, so it was very limited.
The thought was that the first four Expressions would all be like that: under 4,000 bottles, high price point, hard to get. Then, after those four releases over two years, we’ll come out with a product that is more accessible but still expensive, still ultra-premium, which becomes permanent.
We did the 20-year-old. Then we did a 60-year-old cognac from vintage. It was 1961,
then a 30-year-old Canadian whiskey with an interesting barrel finish. And our fourth release was a 20-year-old Tasmanian whiskey. And most people certainly in the States know that they know Tasmania. They don’t know anything about it. They most probably wouldn’t know where it is. But it immediately kind of sparks a curiosity like Tasmanian whiskey. What is that?
And you know the whiskey they make is almost like a Scotch single malt. The conditions there are perfect for whiskey, making very small craft distilleries doing very low production. We were able to find the oldest stuff, which was 20 years old. So, our fourth limited release is a 20-year-old Tasmanian single malt whiskey called the Tempest that just came out in the next quarter in Q2. We have our core collection coming out. It’s a 7-year-old, 15-year-old, and 20-year-old American whiskey. The 7-year-old is a blend of two different bourbons. The 15 and 20-year-olds are not blends. They have different barrel finishes, and those are priced at $79, $149, and $249.
While we’re developing this, we’ve said the tequila space is really taking off. It would be great to include it in the Playboy portfolio of tequila. We spent years trying to find a tequila that we really liked and had an interesting heritage with a producer as a partner. We ended up partnering with a family-owned distillery that’s over a hundred years old and is called Casa Centinela. It’s still privately held. They make outstanding tequilas. They don’t use additives. Their production methods are fantastic and unique. They were not built to be an industrial producer, and they also had exceptionally old stock. You don’t typically see that in tequila. So, not only producing great Blancos and Reposados but Extras up to 15 years old, which is really hard to find.
So, we partnered with them to create a brand called Trece Hares, or 3Hares. We wanted to use the number 3 because many Americans won’t or can’t pronounce trece or don’t know what it means. So we put 3Hares, and you can say trece or 3. We wanted it to feel more like a heritage brand because our producer is a heritage distillery.
There is a proliferation of new tequilas coming to market every day. We wanted to feel more like a heritage Tequila offering, so we’re using these handcrafted porcelain bottles. The iconography is centuries old: three rabbits in a circle with their ears connecting to a triangle with the moon in the center. There are a lot of interesting backstories about this, which I’ll send you in a copy. I won’t use up too much of our time, but both the story of the branding, the imagery, the bottle, the liquid, and the partner, all of these things are very important to build a successful brand. It can’t just be that we have a celebrity behind their tequila, or we’re going to put in additives and make it sweet or taste like vanilla so it’s easy to drink for mass market sales. We want the most authentic additive-free tequila that we can find. We wanted to have a unique flavor profile. We want to offer some extra age statement stuff that people just won’t find anywhere else, and we wanted to have this organic story behind it. So, there was a lot of thought about that whole development.
So, 3Hares will be released in Q3 of this year with a Blanco Reposado and Anejo Extras, and Anejo and Christalino, which is kind of a new entrance into the category, which is an aged tequila, of which the color and tannins are taken out of the tequila. When Extra Anejo sits in a barrel for a while, it starts to get dark and starts to get tannins from the barrel, which can make it taste bitter or woody. So Christalino takes that out. So, you get this very different taste from the maturation in 4 plus years, but a very smooth finish. And you get more of these honey notes from the agave. So, there are five different skews in the 3Hares brand.
Lastly, in the same portfolio, we got into the ready-to-drink hard seltzer space. RTDs have now become the biggest category of all alcohol. So the three biggest today are in the US, at least our RTD tequila and whiskey. So, we have one of each of those three in our portfolio. The seltzers are very different. This is consumed differently than super-premium spirits. The target market is younger. You know you’re drinking these on the golf course, at the beach, at parties, and at backyard barbecues.
We love the idea of using Playboy’s bunny head as branding, and that brand is very specific to Playboy. So we came up with the name Play from Playboy on their letterhead and Hard Seltzers. So that’s the name of the brand: Play Hard Seltzers. Playboy has an amazing art collection. A lot of famous artists from the 1960s, 1970s, and 1980s did paintings for Hefner, including Andy Warhol, Keith Haring, Peter Max, and so on, and so their art collections are incredible. We love the idea of using their art for the branding of our portfolio. So we use Warhol’s bunny head for our first releases, which are the vodka seltzers. So our can pops out. It looks pretty cool. We will use the other artwork for subsequent releases. So, we’ll do a tequila seltzer, or we’re going to do some canned cocktails all under the Play Hard umbrella.