Spirits

Jack Daniel's-Maker Brown-Forman Cuts Annual Organic Sales Forecast

Jack Daniel's maker Brown-Forman has cut its organic net sales forecast for fiscal 2024, a sign that higher prices are weighing on the demand for its...

US Spirits Exports Rise 8% In 2023 Following EU Tariff Suspension

Spirits exports rose 8% in 2023 to $2.2 billion, according to the Distilled Spirits Council of the United States, following the European Uni...

Tequila Giant Becle Sees Margins Growing After Troubled Year

Mexican distiller Becle said it expects its profit margins to slowly improve thanks to lower input costs that helped it post a forecast-beating fourth quar...

Investors Tempted By Brewers As Spirits Sales Falter

Investors are warming to beer stocks as a relatively cheap way to benefit from growth in alcohol brands, particularly in emerging markets, as eas...

Coca-Cola HBC Italia Invests €42m In Abruzzo Plant

Coca-Cola HBC Italia has announced it plans to invest over €42 million in its Oricola (L’Aquila) factory in Abruzzo, Italy.

Pernod Ricard Expects Flat Full-Year Sales After Tough First Half

French spirits maker Pernod Ricard said that it now expects sales to flatline this year after a tough first six months, but is banking on improved demand i...

French Wine And Spirit Exports Fell Last Year On US Hangover, Industry Group Says

French exports of wine and spirits fell last year from a post-COVID peak as inflation clipped consumer demand and distributors in the lucrative US market c...