Tequila

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...

Jose Cuervo Distiller Becle's Profit Falls, Dampened By Strong Peso

Mexican distiller Becle, the world's largest tequila producer, has reported an 88% slide in third-quarter profit from last year amid slowing demand in some...

Diageo Launches Regenerative Agriculture Programme In Mexico And Scotland

Spirits giant Diageo has announced two regenerative agriculture programmes in Mexico and Scotland focusing on the supply chain for its tequila and scotch b...