Spirits

Diageo Set For First Post-COVID Annual Sales Decline

Diageo is set to post its first yearly sales decline since 2020, when it needs to convince investors that plans to turn around its North American and Latin...

Rémy Cointreau Misses First-Quarter Sales Forecast As US, Asia Woes Deepen

Rémy Cointreau has reported a steeper-than-expected first quarter sales decline as its problems in the US spread to its liqueurs and spirits divisio...

Three New Members Join The World Spirits Alliance

The World Spirits Alliance (WSA) has expanded its global network with the addition of three new members: Mast-Jägermeister SE, the Kentucky Distillers...

Pernod Ricard Offloads Bulk Of Wine Unit To Focus On Spirits

Pernod Ricard has agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to focus...

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Spirits Industry Contributes $730bn To Global Economy, Study Finds

The spirits industry contributed $370 billion (€342 billion) to the global economy in 2022, supporting 36 million jobs around the world, a new study b...

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Diageo Could Be A Takeover Target, Says Analyst

Drinks giant Diageo could be a worthy take-over target for "an opportunistic rival", Russ Mould, investment director at AJ Bell has said.

Constellation Brands Beats Profit Estimates In First Quarter

Constellation Brands beat Wall Street estimates for first-quarter profit, helped by strong demand for its core beer brands, which offset the sluggish wines...