Tequila

Trump Tariff Plan Puts Diageo, Becle Tequila Imports Worth $3bn At Risk

Some $3 billion (€2.9 billion) in tequila and mezcal imports from top makers of the popular spirits, Diageo and Jose Cuervo owner Becle, are at risk f...

Brown-Forman Beats Sales, Profit Estimates In Second Quarter

Brown-Forman beat second-quarter sales and profit estimates, helped by steady demand for its ready-to-drink beverages and spirits.

Spirits Industry To Seek Exemption From Trump's Universal Tariffs

The spirits industry is planning to push for an exemption to any universal tariffs on US imports imposed by the incoming Trump administration, a trade body...

Pernod Ricard Acquires Stake In F1 Star Lewis Hamilton's Almave Brand

Pernod Ricard has acquired a minority stake in Almave, a non-alcoholic, blue agave-based spirits brand.

Jack Daniel's Parent Brown-Forman Misses Quarterly Estimates On Tepid Demand

Brown-Forman missed first-quarter profit and sales estimates, hurt by higher input costs and weaker demand for its pricey whiskey and 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...

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...

Jack Daniel's-Maker Brown-Forman Cuts Annual Sales Forecast As Demand Softens

Brown-Forman cut net sales forecast for 2024 as cost-conscious consumers looked at cheaper alternatives to the whisky-maker's more pricier brands in the Un...