Drinks

Pernod Ricard Signs 'Sustainability-Linked' Loan

Spirits giant Pernod Ricard has announced the signing of a 'sustainability-linked' loan of €2.1 billion, in order to refinance in advance an existing...

Heineken Says First Quarter Beer Sales Were Weaker Than Expected

Heineken has reported a steeper than expected decline in first-quarter beer sales, with weaker volumes in all regions except the Americas, but maintained i...

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...