Drinks

US Spirits Exports Rise 8% In 2023 Following EU Tariff Suspension

Spirits exports rose 8% in 2023 to $2.2 billion, according to the Distilled Spirits Council of the United States, following the European Uni...

Japan's Asahi Eyes Overseas M&A To Quadruple Sales Of Super Dry Beer

Japan's Asahi Group Holdings is on the hunt for acquisition targets in the United States and elsewhere to quadruple overseas sales of its flagship Super Dr...

Investors Tempted By Brewers As Spirits Sales Falter

Investors are warming to beer stocks as a relatively cheap way to benefit from growth in alcohol brands, particularly in emerging markets, as eas...

C&C Group Announces Share Buy-Back Programme

Bulmers maker C&C Group will commence a share buyback programme on 1 March 2024 to repurchase ordinary shares of the group.

South African Breweries Turns To Lime Farming To Support Corona Beer

A shortage of limes in South Africa has prompted AB InBev's South African Breweries (SAB) to invest 19 million rand ($999,000) in a local lime farming proj...

Jack Daniel's Maker To Sell Cooperage In Alabama

Brown‑Forman Corporation plans to sell its cooperage in Trinity, Alabama, to Independent Stave Company (ISCO).

Tequila Giant Becle Sees Margins Growing After Troubled Year

Mexican distiller Becle said it expects its profit margins to slowly improve thanks to lower input costs that helped it post a forecast-beating fourth quar...

Italian Wine Exports Drop 4.4% In Volume and 7.3% In Value

Italian wine exports to the country's five key export markets declined 4.4% in volume and 7.3% in value in 2023, to €4.45 billion, new data has shown.