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12 May, 2021

Edrington and Beam Suntory agree distribution swap

Edrington and Beam Suntory have reached an agreement to end their joint-venture distribution businesses in Spain and the UK after more than a decade of partnership.

Diageo stock increased by 4% this morning after it announced an improved profit growth forecast for the 2021 fiscal year.

Stock Spirits Group increased volume sales by 2% to 8.3 million 9-litre cases in the six months to March 31.

Coa of Hong Kong has been crowned Asia’s Best Bar in 2021 following a virtual awards ceremony of Asia’s 50 Best Bars on Thursday, 6 May.

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AB InBev has announced that North America president Michel Doukeris will succeed veteran leader Carlos Brito as chief executive this summer.

A bottle of Pétrus 2000, which has spent 14 months aboard the International Space Station, is to be offered for sale by Christie’s.

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

Andrew Shaw has been appointed as head of beers, wines and spirits at high-end British retailer Marks & Spencer.

Pernod Ricard has claimed two double gold medals in the gin category at the International Spirits Challenge 2021.

Jagermeister Scholarship, a programme that traditionally gives young bartenders the chance of a three-month internship in Berlin’s bars, will be hosted digitally for the second year running.

Leading Chilean wine producer Concha y Toro has reported an 8.2% revenue increase in the first three months of 2021.

Three organic wine producers in Bordeaux have joined forces in a bid to promote a sustainable future for the region.

Lucas Bols has reported an estimated 32% year-on-year decline in revenue for the 2020/21 financial year after widespread on-trade closures and travel restrictions due to the Covid-19 pandemic.

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Nick Strangeway

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