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Kirker Greer Spirits expands presence in Singapore
Kirker Greer Spirits has announced its expansion into the Singaporean market from early spring, partnering with distributor The First Pour.
Flavoured alcohol market to reach $1.8tn globally by 2032
A recent report by Allied Market Research has revealed that the global flavoured alcohol market is anticipated to generate $1.8 trillion by 2032, up from a $1.2 trillion market size in 2022.
IWSR Drinks Market Analysis has released its RTDs Strategic Study 2023, which revealed the RTD category is expected to grow by 12% in volume between 2022 and 2027, achieving $40bn by 2027 across 10 key markets.
Bladnoch Distillery expands senior leadership team
Bladnoch Distillery has appointed a new leadership team to help accelerate its global growth.
Brown-Forman announces Slovakia distribution business
American drinks group Brown-Forman has announced the launch of its own distribution business in Slovakia, bringing distribution in-house for the first time since the company entered the market.
Pernod Ricard FY23 sales up 10%
Pernod Ricard saw organic net sales rise 10% in fiscal 2023, driven by strong growth across all spirits categories, alongside broad-based growth across all regions.
Suntory Oceania forms as region's fourth largest beverage group
Beam Suntory and Frucor Suntory have joined to form Suntory Oceania, a new AU$3bn partnership across the premium spirits and non-alcohol segments in both Australia and New Zealand.
Diageo sees double-digit sales increase
Diageo has announced its preliminary results, year ended 30 June, reporting net sales of £17.1 billion, increased 10.7%, primarily reflecting strong organic net sales growth, and favourable impacts from foreign exchange.
Pernod Ricard reports double-digit growth in H1 results
Havana Club owner, Pernod Ricard, has reported 19% organic sales growth in the first half of fiscal 2023, with all spirits segments seeing double-digit growth.
Crossip breaks into new markets
Non-alcoholic spirits brand, Crossip, has expanded into new markets across Europe, GCC and North America, alongside key local distribution partners.
Diageo reports 18.4% half year sales growth
Diageo, purveyor of Johnnie Walker and Guinness, has announced half year results to 31 December 2022 with reported net sales of £9.4bn, increased 18.4%, reflecting strong organic net sales growth.
Wines of South Africa releases its 2022 export report
The Wines of South Africa 2022 export report has revealed that export value has only seen a 2.4% decline following the pandemic with Rand Per Litre (RPL) income showing marginal growth as producers navigate rising costs, shipping challenges and shortages in the supply of packaging goods.
No and low category surpasses $11 billion
The no- and low-alcohol categories grew by more than 7% in volume across 10 key global markets in 2022 to surpass a market value of $11bn, a new report from IWSR Drinks Market Analysis has revealed.
Mezcal Unión’s Toño Vilches on origins, growth, and unity
Mezcal has become a spirits category for the cool kids. But so much sudden attention on the agave spirit leaves its producers, which are often small-scale operations, and the slow-growing agave crop, open to exploitation.
Pernod Ricard sales grow 11% in Q1
Pernod Ricard has released its sales and results for Q1 FY23, with sales totalling €3,308 million and an organic growth of +11%.
RTD growth led by cocktails and long drinks
The IWSR Drinks Market Analysis has released results for its 2022 Strategic Study examining and forecasting growth in the ready-to-drink (RTD) category.
International Beverage appoints Malcolm Leask to new managing director role
Global drinks business International Beverage Holdings has announced the appointment of vice president of sales, Malcolm Leask, to the new post of managing director.
Luxco reports 27% growth in sales across Germany and Europe
US-based drinks group Luxco has reported a 27% uplift in annual sales across Germany and Europe.
Pernod Ricard sales increase 17% in FY22
Pernod Ricard has released its FY22 Results, showing that sales grew organically by 17% in 2022, equalling €10.7m, with sales growing by double digits across each of its regions and spirit categories.
Beam Suntory reports strong first-half performance driven by premium brands
A strong performance in key markets saw Beam Suntory’s net sales increase by 13% year-on-year in the first half of 2022, a 25% increase on the pre-pandemic period in 2019.
Diageo announces preliminary results, year ended 30 June 2022
Diageo has announced its preliminary results for the year, ended 30 June 2022, with strong performance and investments into long-term growth.
Diageo acquires female-owned flavoured Tequila brand 21Seeds
Diageo has announced the acquisition of super-premium flavoured Tequila brand 21 Seeds.
D.O. Cava enjoys record breaking 2021
Following a strong performance in the international market, D.O. Cava has reported a sales growth of 17.3 per cent and 252 million bottles in sales.
Pernod Ricard reports strong H1 growth
Surging demand for premium spirits powered Pernod Ricard’s 17% year-on-year sales growth in the six months to December 31, 2021.
Diageo reports 15.8% first-half sales growth
Diageo reported that first-half net sales increased 15.8% to £8 billion as the on-trade rebounded and off-trade demand remained strong.
No and low alcohol sales reached almost $10 billion in 2021
Sales of no and low alcohol beverages in 10 key global markets reached almost $10 billion in 2021 up from $7.8 billion in 2018, according to a new IWSR report.
Cava sees significant growth in the first nine months of 2021
Sales in the first nine months of 2021 of sparkling wines made under the protection of the DO Cava have increased by 16.45% on the same period in 2020.
Brown-Forman raises sales guidance
Brown-Forman has raised its full-year sales outlook in anticipation of supply chain disruption easing in the months ahead.
AB InBev targets 4% to 8% medium-term growth
The new chief executive of AB InBev has set a core profit growth target of 4% to 8% for the medium-term.
Lucas Bols announces strong revenue returns
Lucas Bols has announced a return of revenues to pre-Covid times for the first half of the 2021/22 financial year.
The RTD category proved remarkably resilient when the Covid-19 pandemic brought the global drinks industry to its knees last year. It was already on a tear, and its growth simply accelerated after strict lockdown measures forced billions of people to stay at home.
Pernod Ricard declares +9.7% organic sales growth FY21
Pernod Ricard has announced organic sales growth of +9.7% for FY21 totalling €8,824m with increased sales in all regions.
Surge in hard seltzer brands slow uptake
It has been a sobering quarter for hard seltzers. Sales of the canned RTD that disrupted the US alcohol market when it burst on to the scene in 2016 have finally stalled.
Diageo has added Mezcal Unión to its Reserve range through the acquisition of Casa UM.
VSPT Wine Group has seen an 11% increase in sales for Q2 to maintain its number one spot in the Chilean market.
Diageo reports 16% organic net sales growth
Diageo has outperformed analysts’ expectations by reporting organic net sales growth of 16% for the year to June 30.
Brighter days ahead for the industry
Global alcohol consumption is expected to increase by 2.9% this year, according to new IWSR projections. Martin Green reports.
Asia Pacific beverage sales set to return to growth in 2021
Beverage alcohol in Asia Pacific markets is expected to gain more than +2% in volume and more than +4% in retail value by the end of 2021, according to IWSR Drinks Market Analysis.
Pernod Ricard increases profit guidance to 16%
Pernod Ricard’s share price increased 2% this morning after the firm raised its profit growth estimate following “greater than expected business dynamism”.
Industry economics showing promise for 2021
The global economy is now expected to grow by 6% this year after developed nations ramped up the Covid-19 vaccination drive, according to the International Monetary Fund.
Campari Group reports 17.9% sales growth for Q1
Organic net sales at Campari Group increased by 17.9% to reach €397.9 million in the first three months of 2021.
Henkell Freixenet reports 7.4% sales decline for 2020
Henkell Freixenet has reported that net sales decreased by 7.4% year-on-year in 2020 after the Covid-19 pandemic caused bars and restaurants to close for several months.
Carlsberg reports 3.8% revenue increase
Carlsberg has reported organic volume sales growth of 11.5% for the first three months of 2021.
Pernod Ricard sees 1.7% organic growth for first nine months of FY21
Pernod Ricard’s global sales have seen a 1.7% organic growth for the first nine months of FY21 which totalled €6,941m.
Fine wine delivers stability and growth for investors, says Vin-X
We caught up with Katie Souter of Vin-X to learn more about why fine wine could make an appealing investment opportunity during the current economic climate.
UK government announces duty freeze on spirits, wine and beer
The UK government has announced a second consecutive duty freeze on spirits, wine, beer and cider.
Pernod Ricard sales suffer -3.9% drop through travel retail absence
Pernod Ricard sales for H1 FY21 have shown an organic decline of -3.9% on the previous year largely due to the ongoing struggles of travel retail.
Freixenet Copestick celebrates strong Christmas trading
Freixenet Copestick cemented its status as the UK’s leading supplier of sparkling wine by increasing sales 21% over the Christmas trading period.
Remy Cointreau Sales Surged in Q3
Remy Cointreau has reported 25.1% sales growth for the final three months of 2020.
Naked Wines' James Crawford reflects upon H1 results
Drinks International caught up with Naked Wines’ chief financial officer James Crawford to discuss the firm’s impressive H1 results.
