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20 April, 2025

Global travel retail challenges see Pernod Ricard Q3 sales fall 3%

Pernod Ricard saw its organic net sales decline by 3% in the third quarter of fiscal 2025 driven by sharp declines in global travel retail.

Saga Spirits, a new whiskey company from Wes Henderson, co-founder of Angel’s Envy, has entered into a distribution agreement with Southern Glazer’s Wine & Spirits for its portfolio of whiskey products.

A week after flood waters reached their peak at Buffalo Trace Distillery, signs of normalcy have now returned.

Lorenzo Antinori and Simone Caporale have announced the opening of a new bar in Hong Kong called Montana, Drinks International can exclusively reveal.

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Suntory Holdings has announced the launch of a new company dedicated to helping communities achieve long-term water security.

For its tenth edition, Asia’s 50 Best Bars has announced that, for the first time, the ceremony will be held in Macau on 15 July 2025.

Independent Scottish distiller Eden Mill has completed commissioning of its new distillery, with both gin and single malt whisky now being produced on-site.

Monarq Group and Familia Torres, the Spanish wine and spirits producer, have announced a new regional distribution agreement for Torres Brandy and El Gobernador Pisco.

Diageo has exchanged majority ownership of the brand rights for Cîroc vodka in North America, for majority ownership of tequila brand Lobos 1707.

In what has been dubbed ‘Liberation Day’, US president Donald Trump has announced steep reciprocal tariffs.

Stock Spirits Group has announced its acquisition of The Drinks Company, a UK-based independent spirits importer and distributor.

ItalSpirits, the independent Italian spirits company founded by Giuseppe Gallo, has announced that it will not take part in the organisation of the upcoming 2025 edition of Roma Bar Show.

UK-based specialist wine retailer, Majestic, has entered into a formal agreement to acquire wine and spirit supplier, Enotria & Coe. 

IQ Spirits, a new distributor dedicated to premium independent spirits in France, has announced its launch.

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Comment

Ben Branson

Ben Branson: Why non-alcoholic pricing is right

The pricing structure of non-alcoholic spirits has a high level of elasticity - there’s already a broad spectrum of price points which consumers are trying to navigate.

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