Kirker Greer Spirits has announced its expansion into the Singaporean market from early spring, partnering with distributor The First Pour.

A recent report by Allied Market Research has revealed that the global flavoured alcohol market is anticipated to generate $1.8 trillion by 2032, up from a $1.2 trillion market size in 2022.

IWSR Drinks Market Analysis has released its RTDs Strategic Study 2023, which revealed the RTD category is expected to grow by 12% in volume between 2022 and 2027, achieving $40bn by 2027 across 10 key markets.

Bladnoch Distillery has appointed a new leadership team to help accelerate its global growth. 

American drinks group Brown-Forman has announced the launch of its own distribution business in Slovakia, bringing distribution in-house for the first time since the company entered the market.

Pernod Ricard saw organic net sales rise 10% in fiscal 2023, driven by strong growth across all spirits categories, alongside broad-based growth across all regions.

Beam Suntory and Frucor Suntory have joined to form Suntory Oceania, a new AU$3bn partnership across the premium spirits and non-alcohol segments in both Australia and New Zealand.

Diageo has announced its preliminary results, year ended 30 June, reporting net sales of £17.1 billion, increased 10.7%, primarily reflecting strong organic net sales growth, and favourable impacts from foreign exchange.

Havana Club owner, Pernod Ricard, has reported 19% organic sales growth in the first half of fiscal 2023, with all spirits segments seeing double-digit growth.

Non-alcoholic spirits brand, Crossip, has expanded into new markets across Europe, GCC and North America, alongside key local distribution partners.

Diageo, purveyor of Johnnie Walker and Guinness, has announced half year results to 31 December 2022 with reported net sales of £9.4bn, increased 18.4%, reflecting strong organic net sales growth.

The Wines of South Africa 2022 export report has revealed that export value has only seen a 2.4% decline following the pandemic with Rand Per Litre (RPL) income showing marginal growth as producers navigate rising costs, shipping challenges and shortages in the supply of packaging goods.

The no- and low-alcohol categories grew by more than 7% in volume across 10 key global markets in 2022 to surpass a market value of $11bn, a new report from IWSR Drinks Market Analysis has revealed.

Mezcal has become a spirits category for the cool kids. But so much sudden attention on the agave spirit leaves its producers, which are often small-scale operations, and the slow-growing agave crop, open to exploitation.

Pernod Ricard has released its sales and results for Q1 FY23, with sales totalling €3,308 million and an organic growth of +11%.

The IWSR Drinks Market Analysis has released results for its 2022 Strategic Study examining and forecasting growth in the ready-to-drink (RTD) category.

Global drinks business International Beverage Holdings has announced the appointment of vice president of sales, Malcolm Leask, to the new post of managing director.

US-based drinks group Luxco has reported a 27% uplift in annual sales across Germany and Europe.

Pernod Ricard has released its FY22 Results, showing that sales grew organically by 17% in 2022, equalling €10.7m, with sales growing by double digits across each of its regions and spirit categories.

A strong performance in key markets saw Beam Suntory’s net sales increase by 13% year-on-year in the first half of 2022, a 25% increase on the pre-pandemic period in 2019.

Diageo has announced its preliminary results for the year, ended 30 June 2022, with strong performance and investments into long-term growth.

Diageo has announced the acquisition of super-premium flavoured Tequila brand 21 Seeds.

Following a strong performance in the international market, D.O. Cava has reported a sales growth of 17.3 per cent and 252 million bottles in sales.

Surging demand for premium spirits powered Pernod Ricard’s 17% year-on-year sales growth in the six months to December 31, 2021.

Diageo reported that first-half net sales increased 15.8% to £8 billion as the on-trade rebounded and off-trade demand remained strong.

Sales of no and low alcohol beverages in 10 key global markets reached almost $10 billion in 2021 up from $7.8 billion in 2018, according to a new IWSR report.

Sales in the first nine months of 2021 of sparkling wines made under the protection of the DO Cava have increased by 16.45% on the same period in 2020.

Brown-Forman has raised its full-year sales outlook in anticipation of supply chain disruption easing in the months ahead.

The new chief executive of AB InBev has set a core profit growth target of 4% to 8% for the medium-term.

Lucas Bols has announced a return of revenues to pre-Covid times for the first half of the 2021/22 financial year.

The RTD category proved remarkably resilient when the Covid-19 pandemic brought the global drinks industry to its knees last year. It was already on a tear, and its growth simply accelerated after strict lockdown measures forced billions of people to stay at home.

Pernod Ricard has announced organic sales growth of +9.7% for FY21 totalling €8,824m with increased sales in all regions.

It has been a sobering quarter for hard seltzers. Sales of the canned RTD that disrupted the US alcohol market when it burst on to the scene in 2016 have finally stalled.

Diageo has added Mezcal Unión to its Reserve range through the acquisition of Casa UM.

VSPT Wine Group has seen an 11% increase in sales for Q2 to maintain its number one spot in the Chilean market.

Diageo has outperformed analysts’ expectations by reporting organic net sales growth of 16% for the year to June 30.

Global alcohol consumption is expected to increase by 2.9% this year, according to new IWSR projections. Martin Green reports.

Beverage alcohol in Asia Pacific markets is expected to gain more than +2% in volume and more than +4% in retail value by the end of 2021, according to IWSR Drinks Market Analysis.

Pernod Ricard’s share price increased 2% this morning after the firm raised its profit growth estimate following “greater than expected business dynamism”.

The global economy is now expected to grow by 6% this year after developed nations ramped up the Covid-19 vaccination drive, according to the International Monetary Fund.

Organic net sales at Campari Group increased by 17.9% to reach €397.9 million in the first three months of 2021.

Henkell Freixenet has reported that net sales decreased by 7.4% year-on-year in 2020 after the Covid-19 pandemic caused bars and restaurants to close for several months.

Carlsberg has reported organic volume sales growth of 11.5% for the first three months of 2021.

Pernod Ricard’s global sales have seen a 1.7% organic growth for the first nine months of FY21 which totalled €6,941m.

We caught up with Katie Souter of Vin-X to learn more about why fine wine could make an appealing investment opportunity during the current economic climate.

The UK government has announced a second consecutive duty freeze on spirits, wine, beer and cider.

Pernod Ricard sales for H1 FY21 have shown an organic decline of -3.9% on the previous year largely due to the ongoing struggles of travel retail.

Freixenet Copestick cemented its status as the UK’s leading supplier of sparkling wine by increasing sales 21% over the Christmas trading period.

Remy Cointreau has reported 25.1% sales growth for the final three months of 2020.

Drinks International caught up with Naked Wines’ chief financial officer James Crawford to discuss the firm’s impressive H1 results.