Drinks

Japan Brewer Asahi Sets Price For $1.2bn Secondary Offering

Major shareholders in Japanese brewer Asahi Group Holdings will sell 177 billion yen ($1.19 billion) in shares in a secondary offering to overseas investor...

Esselunga Launches Into Wine E-Commerce

Italian supermarket chain Esselunga has launched an online wine shop, offering over 1,400 wines and spirits from around the world, mainly from Italy and Fr...

EU Wine Production Reached 16.1bn Litres In 2022: Eurostat

The sold production of wine in the EU, including sparkling wine, port and grape must, reached 16.1 billion litres in 2022, according to the latest data fro...

spiritsEUROPE Appoints Rémy Cointreau's Ian McLernon As New President

spiritsEUROPE, which represents the interests of the European spirits sector at European level, has announced the appointment of Ian McLernon, CEO of R&eac...

Unclear How Quickly Diageo Can Fix Problems In Latin America, CEO Says

Diageo chief executive Debra Crew said that it was difficult to predict when the company could clear the inventory issues in Latin America that led to a su...

Ready-To-Drink Alcohol Category Value Set To Hit $40bn By 2027

The ready-to-drink alcoholic beverage category is set to grow by 12% in volume terms between 2022 and 2027, hitting a value of $40 billion (€37.3 bill...

Czech Cola Maker Kofola Buys Brewer Pivovary CZ Group

Czech soft drinks maker Kofola CeskoSlovensko will expand into the beer business with the acquisition of Pivovary CZ Group, the country's fifth largest bre...

Japanese Whisky Turns 100 As Craft Distilleries Transform Industry

This year marks the 100 year anniversary of whisky making in Japan since the founding of market leader Suntory's first distillery in Yamazaki in 1923.