Spirits

French Alcohol Exports Weakened In 2024 As China Weighed

French wine and spirits exports fell for a second consecutive year in 2024, hit by weaker demand for premium vintages.

Spanish Winemaker Hedging Against US Tariffs, Sending Buyers Early 'Security' Stock

A top Spanish winemaker is hedging against anticipated tariffs by US President Donald Trump on European Union products by sending extra stock to the United...

Pernod Ricard Considers Sale Of Mumm Champagne, Sources Say

Pernod Ricard is exploring a sale of its champagne brand G.H. Mumm, according to five sources familiar with the matter.

Pernod Ricard Cuts Sales Outlook As China's Tariffs And Weak Economy Bite

Pernod Ricard cut its sales forecasts for 2025 and beyond as tariffs weigh on the French spirits maker during an already tough time for the industry.

Trump’s Tariff Threats Hang Over Young Arnault’s Mission To Fix LVMH Drinks Unit

Alexandre Arnault is taking a key role at LVMH's $6 billion wine and spirits business just as US President Donald Trump risks unleashing a trade war.

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Top Investors Question Diageo's Growth Goals

Diageo's new finance chief Nik Jhangiani is under pressure to row back on the spirits giant's medium-term sales goals next week, which some investors say m...