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Pernod Ricard recovery gathers pace in Q1
Resilient off-trade sales in the USA and Europe helped Pernod Ricard rally during the first quarter of fiscal 2021.
Remy Cointreau raises guidance after 16.4% sales decline
Remy Cointreau has reported a 16.4% decrease in sales for the first half of its fiscal year after the pandemic ravaged its on-trade business.
Travel Retail Awards 2020 winners announced
Some of the world’s leading drinks brands are celebrating after securing trophies and gold medals at the 2020 Travel Retail Awards.
AB InBev launches scholarship to help black students become brewers
AB InBev will spend $200,000 annually over a five year commitment to help black students qualify for careers in brewing.
Glenturret relaunches with new core whisky range
The Glenturret has unveiled a new core range as it plans to launch in the UK, France, Germany, the Netherlands, Switzerland and New Zealand next month.
Jim Murray's Whisky Bible criticised for "sexist and vulgar" reviews
Whisky writer Becky Paskin has criticised Jim Murray’s Whisky Bible for “sexist and vulgar” language that allows the objectification of women in whisky.
Ballantine's 7 Bourbon Finish launches at selected whisky retailers
Ballantine’s has honoured its founder by launching a seven-year-old blend finished in bourbon barrels.
Brown-Forman beats expectations by posting robust Q1 results
A strong domestic performance ensured that Brown-Forman net sales decreased by just 2% year-on-year in the three months to July 31, 2020.
Carlsberg suspends share buyback as profits dwindle
Danish brewer Carlsberg expects to report an organic operating decline of 10% to 15% this year as a result of on-trade closures.
US off-trade sales continue to surge throughout summer
Sales of spirits, wine and beer continue to soar in the US off-trade as shoppers shun bars and restaurants in favor of drinking at home.
Campari reports H1 sales decline of 11%
Campari has reported that organic sales declined 11.3% in the first six months of 2020 as a result of the Covid-19 pandemic.
Lebanese winery Ixsir gears up for export drive
Lebanese wine producer Ixsir is ramping up its focus on exports after the domestic market was hit by a double whammy of hyperinflation and Covid-19.
Rémy Cointreau sales declined 32.8% in Q1
Rémy Cointreau suffered a 32.8% year-on-year sales decline in the three months to June 30 as a result of the coronavirus pandemic.
Heineken reports 52.5% decrease in half-year earnings
Heineken has reported a 52.5% decline in first-half earnings after the Covid-19 pandemic took a toll on its on-trade business.
Michter's bourbon barrel fetches £166,000 ($209,462) at 50 Best charity auction
A private barrel selection bottling of Michter’s 10 Year Old bourbon has sold for a record £166,000 ($209,462) at a charity auction in London.
Prosecco DOCG achieved record sales in 2019
The Conegliano Valdobbiadene Prosecco DOCG produced and sold a record 92 million bottles in 2019 after enjoying a large harvest the previous year.
Naked Wines makes a flying start to fiscal 2021 as online orders soar
Naked Wines has reported 81% year-on-year revenue growth during April and May as online orders spiked during the coronavirus lockdown.
British beer sales slump to a 20-year low
British beer sales have plummeted to a 20-year low after pubs and bars across the country were closed due to the coronavirus pandemic.
Chinese alcohol industry suffers 8.6% revenue drop
China’s alcoholic drinks production sector decreased by 8.6% to 249.7 billion yuan ($35.2 billion) in the first four months of 2020, according to new government figures.
Finland alcohol sales remain steady during pandemic
Alcoholic beverage sales have remained steady in Finland during the Covid-19 pandemic, according to new stats from monopoly retailer Alko.
Seoul orders bars to close once again after virus cluster detected
More than 2,100 bars and clubs in Seoul were shut down this weekend after 18 new coronavirus cases were linked to a single reveller.
AB Inbev reports 32% sales decline in April
AB Inbev has warned that Q2 trading will be “materially worse” than the previous three months due to brewery closures and supply chain disruption.
Rémy Cointreau expects steep sales decline for the current quarter
Rémy Cointreau has reported a sales decline of 9% for the 2019/20 financial year as a result of a significant slump in Q4.
Heineken reports 14% volume sales drop in March
Heineken has reported a 14% drop in volume sales during March as a result of the Covid-19 pandemic.
Drinks brands impress social media users during coronavirus crisis
Engagement with alcoholic drinks brands on social media has increased by more than 300% during the coronavirus lockdown, according to social analytics agency ListenFirst.
Diageo halts buyback scheme amid coronavirus pandemic
Diageo has suspended share buybacks for the rest of the year as a result of financial uncertainty sparked by the coronavirus outbreak.
Stockpiling among British shoppers causes beer, wine and spirits sales to spike dramatically
Sales of beer, wine and spirits grew by a remarkable 67% in the UK off-trade during the week to March 21.
AB Inbev draws down $9bn loan facility as coronavirus pandemic sweeps the world
AB Inbev has drawn down the entirety of a $9bn loan facility from global banks as it bids to ride out the coronavirus outbreak.
The previously unassailable Johnnie Walker could be showing signs of weakness, finds Hamish Smith
Brands Report: American Whiskey
Diageo’s Bulleit holds both top spots for the third year running. Shay Waterworth reports
There’s been little change in the best sellers, with the top brands all holding, says Hamish Smith
Bibendum's Saunders braces for 2013 storm
Bibendum CEO Michael Saunders has warned the UK wine trade that business conditions will remain “tough” in 2013 and voiced his “violent objections” to minimum unit proposals.
Absolut Exposure launches at TFWA Cannes
Pernod Ricard launched Absolut Exposure last night at an event at TFWA Cannes.
Bar Convent Berlin attracted 5,700 visitors this year, a 20% increase on 2011.
With ProWein 2013 in mind, Thomas Brandl finds out how winemakers in central and south-eastern Europe have made efforts to modernise and become more competitive.
International Wine Challenge results
The International Wine Challenge held is annual bash at the Hilton on London’s Park Lane last night at which all its trophy winners were announced.
Edrington unveils age-statement-free Macallan Gold
Macallan Gold has launched exclusively to the UK, with about 50 European markets and Canada to receive the new pale single malt scotch whisky next spring.
Diageo has announced the release of some rare single malt scotch whiskies to be launched this autumn in the Special Releases series. All are at natural cask strength.
Pernod flags up possibility of new whisky distillery
Chivas Brothers boss Christian Porta has told journalists and analysts today that the next significant development for its scotch whisky business will be to build a new distillery.
Distell reports 15% revenue growth and 9% sales increase
Distell, South Africa’s leading wine and spirits producer, has reported a 15% growth in revenue for the year to June 2012 and a 9.9% increase in sales volumes across its portfolio of wines, spirits and RTDs in both domestic and international markets.
Diageo announces net sales growth of 6%
Diageo has announced a 6% net sales growth and 9% increase in operating profit for the year ended June 30, 2012.
Bacardi poaches Diageo high flyer
Bacardi has announced the appointment of Ron Anderson as senior vice president and chief commercial officer.
Despite challenging Portuguese economic conditions, Vinho Verde exports are on the increase and will become more competitive in the global market place, according to the Vinho Verde Commission (CVRVV).
The Macallan 64 Year Old Lalique is world’s most expensive whisky
The Macallan 64 Year Old Lalique Cire Perdue is world’s most expensive whisky sold at auction – that’s official.
It was a glitteirng evening at Jamaica House in the island's capital, Kingston. A balmy evening in a superb setting. The Jamaican prime minister, Portia Simpson Miller, more than played her part in launching Appleton Estate Jamaican Independence Reserve, which coincides with the island's celebrations to mark ithe anniversary of 50 years of independence.
Atkin MW and Chester Osborn get Wine Intelligence Business Awards
Wine journalist, Tim Atkin MW and d'Arenberg owner and winemaker Chester Osborn, were both named as recipients of the Wine Intelligence 10 for 10 Business Award.
Rémy Cointreau raises a cognac to Asia
Rémy Cointreau's consolidated turnover for the 2011/12 financial year was €1,026.1 million, an increase of 13% (up 15.6% organically) compared with the previous year.
Brintex optimistic despite LIWF absentees
Events firm Brintex has voiced optimism ahead of this year’s London International Wine Fair (LIWF) and Distil despite the absences of Pernod Ricard, Percy Fox (Diageo’s UK wine division) and PLB.
Scotch exports hit record high
The scotch whisky category belied global economic instability in 2011 by growing sales value 23% to a record £4.2billion.
