Spirits

Pernod Ricard Anticipating 'Continued Uncertainty And Volatility' In Coming Year

French spirits maker Pernod Ricard said it has written off €1 billion in the full financial year 2019/20, as the shutdown of bars and restaurants in m...

Norwegian Alcohol Maker Arcus Gets Big Earnings Boost From Lockdown

Norwegian alcohol producer and wholesaler Arcus posted a sharp rise in its second-quarter profit as COVID-19 travel restrictions prevented many consumers f...

World's Top Drinks Firms Face Significant Loss To Brand Value, Study Finds

The world's leading beer, spirits, wine and champagne brands could collectively lose up to $33 billion (€28 billion) worth of brand value as a result...

Drinks Giant Diageo Sees Full-Year Organic Sales Fall More Than Expected

Diageo Plc, the world's largest spirits maker, reported a bigger-than-expected decline in underlying net sales, as demand for its whiskeys, vodka and...

Pernod Ricard Increases Outlook Following More Resilient Supermarket Sales

French spirits maker Pernod Ricard has said that the coronavirus pandemic is not expected to hit its full year profit as strongly as initially feared, citi...

Rémy Cointreau Issues More Optimistic Outlook, Boosted By Lockdown Sales

Premium spirits maker Rémy Cointreau has said that it expects mid-year core profit to fall between 35% and 40%, an improvement on previous guidance,...

Booze Bonanza For Shops Masks Beer And Spirits Downturn

When Lionel Platteuw started planning how he would cope under Belgium's coronavirus lockdown, there was one item he wanted to make sure he had enough of -...

Spirits Maker Diageo To Raise $2.5bn From Debt Offering

Diageo, the world's largest spirits maker, launched a $2.5 billion bond offering on Tuesday, weeks after suspending its share buyback programme. The Joh...