Drinks International - The global choice for drinks buyers
Home
Menu
Cuervo owner raises credit to buy Bushmills

JB y Cia SA, the family-owned owner of Jose Cuervo tequila, plans to sell bonds to help pay for the acquisition of Northern Irish whiskey producer Bushmills, according to reports.

Beam Suntory simplifies its regional structure

Beam Suntory has announced that it will simplify its regional structure by merging its four operating regions into three.

Diageo reports net sales decline of 0.3%

Diageo, the world’s largest premium drinks company, has announced its interim management statement for the nine months ended March 31, 2015.

Stock appoints Michael Kennedy as md International and Italy

Stock Spirits Group, the central and eastern European branded spirits producer, has announced that Michael Kennedy will be managing director, International and Italy from April 27.

Belvédère announces new executive committee

Belvédère SA, the wine and spirits company in Europe and the US, has announced has announced the composition of its executive committee, headed by CEO Jean-Noël Reynaud.

Global Spirits appoints Criscione to md Americas

Global Spirits, a privately held international manufacturer and marketer of wines and spirits, intends to expand its global presence by establishing an Americas Business Unit which will be based out of the company’s New York office.

Harpers Wine & Spirit joins Agile Media

Harpers Wine and Spirit and www.harpers.co.uk have joined Off Licence News and Drinks International at Agile Media.

Altia board goes international

Economist Sanna Suvanto-Harsaae becomes the new chairman of Altia’s board. Other new members of the board are: Kim Henriksson and Kasper Madsen who bring expertise on the Nordic market.

Vinexpo is fully booked

The organisers of the Bordeaux wine and spirits show, Vinexpo, say the trade exhibition is fully booked and stand reservations for the international wine and spirits exhibition are now closed.

Edrington appoints Hyde to the board

Edrington, the scotch whisky and rum company, has announced that Paul Hyde has appointed to its main board.

Alcohol price increases have slowed

The WSTA says new research shows that price increases in the off trade have slowed since the Government scrapped the alcohol duty escalator, cut beer duty and froze duty on spirits in 2014.

Adnams reports £66m sales and £3.8m operating profit

The Suffolk brewer and distiller and retailer has reported sales of £66 million and a £3.8m operating profit, in its report and accounts for the 12 months to December 31, 2014.

Campari full year results

Gruppo Campari has published its full year results for 2014 which it says is in line with its expectations.

Australian Vintage reports $4.4m profit for half year

Major Australian wine producer, Australian Vintage has announced half year net profits of AUS$4.4 million, up from $4m, for the half year to December 31, 2014.

A G Barr buys Funkin

AG Barr plc, the soft drinks group, has announced the acquisition of Funkin Limited from its founding shareholders for an initial £16.5 million plus up to a further £4.5 million subject to meeting certain financial performance targets.

Diageo opens virtual doors to Google

Diageo is to partner with Google’s Business View to offer free 360˚ virtual tours of its facilities. 

Pennell goes to Edrington

Maxxium UK’s managing director Huw Pennell is leaving to take up a new job at Edrington, one of Maxxium’s shareholders.

New second generation Vinexpo

The 2015 Vinexpo is a turning point. It is the second generation, so says the new CEO, Guillaume Deglise.

Buckingham Schenk promotes Durham

Buckingham Schenk has announced that Craig Durham is its new managing director.

Thatcher becomes Direct Wines’ group CEO

Direct Wines has announced the appointment of David Thatcher as group chief executive. Simon McMurtrie steps down on January 19.

Pernod sells RTD in Mexico strategy change

Pernod Ricard has advanced its transition to focus on global brands in the Mexican market with the sale of RTD Caribe Cooler to Grupo Bepensa.

Bibendum PLB confirms buyers

The Bibendum PLB Group has announced the structure of the buying team of the recently merged company.

WSTA calls for cut in drinks duty

The Wine and Spirit Trade Association, the lead body for the UK wine and spirits industry, is calling the British government to cut the duty on all alcoholic drinks.

Antica Sambuca to be distributed by Synergy in Russia

Rossi D’Asiago has announced that its flagship sambuca Antica, the second best selling brand in the category worldwide, will be distributed in Russia by the Synergy Group.

New Moët Hennessy HR

Moët Hennessy Wines and Spirits chairman and CEO, Christophe Navarre, has announced the appointment of Stéphane Voyer, as senior vice president human resources.

Fever-Tree shares buoyant after floating

Fever-Tree has floated on the London Stock Market today, with the share price currently trading at £1.70 per share, over 25% up on the initial trading price.

Diageo chief marketing officer and hackathon judge, Syl Saller
Diageo Technology to host drinks industry hackathon

Diageo’s global innovation programme – Diageo Technology Ventures – will be hosting a weekend ‘hackathon’ on November 8-9. 

A-B InBev reports third quarter and nine months 2014 results

Anheuser-Busch InBev has just reported its results for the third quarter and the first nine months of 2014.

Call for calorific values on drinks labelling

The Royal Society for Public Health (RSPH) in the UK is calling on the drinks industry and newly appointed EU Health Commissioner to introduce calorie labelling for alcoholic drinks.

Tesco being investigated by the Serious Fraud Office

Tesco has confirmed that it has been notified by the Serious Fraud Office that it has commenced an investigation into accounting practices at the company.

Sazerac announces craft unit Bond & Royal Spirits

Sazerac - the New Orleans-based company – has announced the addition of Bond & Royal Spirits to focus on developing brands within the specialty and craft spirits space. 

Denis O’Flynn is next WSTA chairman

Pernod Ricard UK managing director, Denis O’Flynn has been elected as the next chairman of the Wine and Spirit Trade Association (WSTA), succeeding Nick Hyde in January 2015.

William Grant & Sons acquires Drambuie

William Grant & Sons has announced the acquisition of the Drambuie Liqueur Company. 

Vantguard announces US portfolio launch

Vantguard – formerly Global Premium brands - has announced plans for a US launch of its entire portfolio. 

William Grant and Sons reports 5.2% turnover increase

William Grant & Sons has reported increased turnover of £1.2bn, up 5.2% on the previous year. 

Pernod hit by China and currency exchange rates

Pernod Ricard CEO Pierre Pringuet remains optimistic about China despite 23% decline in sales in its full year results.

Altia launches new strategy

Altia Plc, the major Nordic wine and spirits company, has launched a new strategy to achieve major improvements in profitability by the year 2016.

SABMiller disposes of Tsogo Sun

SABMiller plc announces that its wholly owned subsidiary, SABSA Holdings Limited, has now disposed of its entire shareholding in Tsogo Sun Holdings Limited (Tsogo Sun).

Stock Spirits reports volumes and operating profits down

Stock Spirits Group PLC, the Central and Eastern European branded spirits producer, has announced its six monthly results for the period ended June 30, 2014.

Pernod Ricard reports 7% sales decline

The Pernod Ricard group has reported sales of €7.945 million for the financial year 2013/14.

Now Bacardi appoints CFO

Bacardi Limited has announced the immediate appointment of Kevin F. McNamara as Bacardi Limited senior vice president and chief financial officer (CFO), responsible for global financial operations.

Beam Suntory appoints new CFO

Beam Suntory has announced the appointment of Mauricio Restrepo as the company’s chief financial officer.

Richard Rushton, MD
Distell reports 12.8% revenue growth

Distell, Africa's largest producer of wines, spirits, ciders and RTDs, has reported 12.8% growth in revenue and a 3.1% increase in sales volume for the year to June 2014. 

Bacardi appoints new head of commercial

Bacardi has announced Derek Hopkins, SVP national sales director, will be leaving the company after a three-year tenure. 

Bacardi announces new regional president

Bacardi has announced Robert Furniss-Roe will leave his role as regional president of Bacardi North America in September.  

SABMiller appoints non-executive director/chairman designate

SABMiller plc has announced that Jan du Plessis is to join the SABMiller board as an independent non-executive director from September 1.

Half-year Gruppo Campari results boosted by Q2 recovery

Gruppo Campari has reported sales dropped 1.8% for H1 2014 after its second quarter levelled out down-trading in Q1.

WSET launches second phase of Chinese pilot programme

The Wine & Spirits Education Trust (WSET) has announced that the first half of 2014 saw the WSET Level 3 award in wines and spirits being run for the first time in Chinese.

Rémy Cointreau promotes Sarantopoulos

Rémy Cointreau has announced the promotion of former LVMH boss Panos Sarantopoulos as CEO of its liqueurs and spirits division.

Diageo flat lines as 'emerging markets' sink further

Diageo has blamed “weakness in emerging market economies” for its 0.4% net sales growth in the 2013/2014 financial year.