Spirits

Alcohol Sales Slump In Europe As Consumers Seek To Mitigate Inflation: IRI

Sales of beer, wine and spirits fell 4% across the European retail channel last year, according to IRI, as consumers cut discretionary purchases to moderat...

Rémy Cointreau Sees Smaller-Than-Expected Decline In Q3 Sales

French spirits maker Rémy Cointreau has posted a smaller-than-expected drop in third-quarter sales, as steep shipments to China ahead of the Lunar N...

Diageo Tops Sales Estimates, Helped By Premium Brands

Diageo the world's largest spirits maker, beat first-half sales forecast as it raised prices and more people drank premium spirits.

Constellation Brands Sees Beer Business Outperform, Confident About Remainder Of Year

Constellation Brands has said that it expects that its beer business, which includes the Modelo brand, will report net sales growth of between 9% and 10% i...

EU Spirits Group Calls For Three-Pillar Trade Strategy With ASEAN Countries

spiritsEUROPE, which represents the spirits sector at EU level, has called for the establishment of a 'three-pillar' trade strategy with ASEAN markets in S...

Indian Winemaker Sula's IPO Oversubscribed With Bids Worth $190m

Sula Vineyards Ltd's initial public offering was oversubscribed on Wednesday with bids worth 15.65 billion rupees (€180 million), although some analys...

Brown-Forman Names Marshall Farrer As Chief Strategic Growth Officer

Brown-Forman has named Marshall Farrer as its new chief strategic growth officer and executive president, effective 1 January 2023.

Campari, LVMH's Moët Hennessy Buy 100% Of Tannico

LVMH's Moët Hennessy and Italy's Campari have taken full ownership of online wines and spirits company Tannico via their joint venture and plan to exp...