Spirits

Gruppo Campari Posts 'Solid' 2016 Net Sales Increase Of 4.2%

Drinks giant Gruppo Campari has announced 'solid' results for 2016, with a net-sales increase of 4.2%, to €1.7 billion. Organic growth was 4.7%.&nb...

WSTA Asks UK Government To Lower Wine And Spirit Duties

The Wine and Spirit Trade Association (WSTA) in the UK has called on the Treasury to reduce wine and spirit duties in the upcoming Budget. It said that...

Diageo Posts 28% Increase In Operating Profits In Six Months To End December

Drinks giant Diageo has posted a 28% increase in reported operating profit (£2.07 billion) in the six months to 31 December, according to an interim...

Jose Cuervo Said To Delay Share Sale After Talking To Investors

Jose Cuervo, the world’s largest tequila maker, postponed plans for an initial public offering after reaching out to investors to get a sense of dema...

Hennessy Releases A New Spirit To Win Over Whiskey Lovers

“We don't tell Yann what to do. Yann tells us what to do.” Jordan Bushell, Hennessy’s head of mixology and education, is sitting in a...

Jose Cuervo Said To Plan November IPO After Postponing Roadshow

Jose Cuervo has pushed back the date of its initial public offering until next month as it smooths out audit-related snags, according to a person familiar...

Pernod Ricard To Release Mezcal Product In 'Weeks, Not Months'

Pernod Ricard is reportedly in the process of creating a totally new mescal SKU in an effort to capitalise on the growing market demand for the Mexican aga...

Campari Raises Euro Loan To Repay Dollar Bonds, Cut Debt Costs

Italian drinks maker Davide Campari-Milano SpA took out a loan in euros to repay dollar-denominated bonds as plunging borrowing costs make it cheap for com...