Drinks

Alcohol Sales Slump In Europe As Consumers Seek To Mitigate Inflation: IRI

Sales of beer, wine and spirits fell 4% across the European retail channel last year, according to IRI, as consumers cut discretionary purchases to moderat...

Rémy Cointreau Sees Smaller-Than-Expected Decline In Q3 Sales

French spirits maker Rémy Cointreau has posted a smaller-than-expected drop in third-quarter sales, as steep shipments to China ahead of the Lunar N...

Britvic Sees First-Quarter Sales Up, Driven By Higher Pricing

Drinks group Britvic has posted a 7.3% increase in first quarter revenue, to £411 million, on a constant currency basis (reported +9.9%), which the g...

Diageo Tops Sales Estimates, Helped By Premium Brands

Diageo the world's largest spirits maker, beat first-half sales forecast as it raised prices and more people drank premium spirits.

Dubai Scraps 30% Tax On Alcohol Sales Amid Economic Rebound

Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retaile...

EU Spirits Group Calls For Three-Pillar Trade Strategy With ASEAN Countries

spiritsEUROPE, which represents the spirits sector at EU level, has called for the establishment of a 'three-pillar' trade strategy with ASEAN markets in S...

Naked Wines 'Laying The Foundation' For Long-Term Growth, Says CEO

Naked Wines is "laying the foundation for a return to [...] sustained, profitable growth", its chief executive Nick Devlin has said, as the group...

Rémy Cointreau Posts First-Half Profit Above Expectations

Rémy Cointreau reported a stronger-than-expected 27.2% organic jump in first-half operating profit, driven by strong demand for its premium cognac i...