Drinks

Iceland's Hagar Acquires Beverage Wholesale Firm Dista

Icelandic retailer Hagar has announced the acquisition of the entire share capital of Dista, a wholesaler of alcoholic and non-alcoholic beverages.

Champagne Houses Among Luxury Brands Most Referenced In Song Lyrics

Fenwick, a department store operator, has conducted a study to determine which luxury brands have the most significant influence on the music industry.

Diageo CEO Menezes Set To Retire After Decade At The Helm

Drinks giant Diageo has announced that chief executive Ivan Menezes plans to retire and leave the Johnnie Walker whisky maker at the end of June, after nea...

Record Food Inflation Figures Putting Pressure on UK Households: McKinsey

The news that food and non-alcoholic beverage inflation is running at 18.2% in the UK is likely to eat into a "significant proportion of disposable in...

Tonic Maker Fever-Tree To Increase Prices, As Packaging Costs Rise

British tonic maker Fever-Tree has announced plans to hike product prices and ramp up its U.S. production to help cushion the pressures faced from high cos...

Dutch Household Consumption Grew By More Than 6% In January

Statistics Netherlands has released figures which show that in January 2023, Dutch households spent 6.2% more, adjusted for price changes, than in January...

Jose Cuervo Owner Sees Growing Thirst For Tequila

Mexican distiller Becle, parent company of the popular Jose Cuervo tequila brand, has forecast further sales growth in 2023 as it expects to increase the v...

Credit Quality In Beverage Sector To 'Remain Stable', Says Moody's

While profit growth is slowing in the EMEA beverage sector, credit quality is likely to remain stable, a new report from Moody's Investors Service has said...