Drinks

Heineken Cautious On 2024 Profits Amid Economic Volatility

Dutch brewer Heineken has forecast low- to high-single digit percentage growth in operating profit in 2024, citing volatility in geopolitics and economic c...

Diageo Contributes €13bn Annually To Europe's Economy, Study Finds

Diageo contributes over €13 billion to Europe’s economy every year, creating jobs for over 200,000 people, a new report from Oxford Economics sh...

Carlsberg Bets On China, Expensive Beer For Higher Growth Goals

Danish brewer Carlsberg said it expects organic operating profit growth of 1% to 5% in 2024 and inflationary pressures to moderate.

UK's Naked Wines Names Rodrigo Maza As New CEO

Naked Wines has named current UK boss Rodrigo Maza as its CEO, replacing Nick Devlin, who abruptly left the role in November amid dwindling sales at the on...

Germany Sees 4.5% Decline In Beer Sales In 2023

Beer sales in Germany declined 4.5%, or by 394.2 million litres, in 2023 compared to the previous year.

Absolut Vodka And Sprite Ready-To-Drink Cocktail Launches In The UK

Absolut Vodka and Sprite ready-to-drink cocktail has arrived in Europe, with the UK leading the roll out.

Molson Coors Sees Net Sales Up 9.4% In FY 2023

Molson Coors closed its financial year with net sales growth of 9.4% to $11.7 billion (€10.86 billion), meeting its full-year guidance.

French Wine And Spirit Exports Fell Last Year On US Hangover, Industry Group Says

French exports of wine and spirits fell last year from a post-COVID peak as inflation clipped consumer demand and distributors in the lucrative US market c...