According to Fever-Tree, GDP’s established management, distribution relationships and sales channels will allow the group to accelerate the strength and depth of its presence in Germany. The total consideration for the acquisition comprises €2.6m cash, plus a €5m consolidation of historic balances owed to Fever-Tree by GDP at completion. Alongside this, Fever-Tree has agreed to fund the repayment of…

It is not your trusted whiskey or the summer favourite gin, but tequila! This famous alcohol, which derives its name from the Mexican city Tequila, is quickly gaining popularity, especially in regions like Eastern Europe. Behind the unprecedented growth, there is a changing perception of tequila. From a local spirit associated with spring breakers, the agave distillate is finally appreciated for what it is,…

Dutch group Marussia Beverages has purchased a controlling stake in Siberian vodka producer Itkulsky Distillery. The distillery sits in the most eco-friendly region of Russia and it produces 24 million litres of vodka from pure malt on an annual basis. Itkulsky also produces with 10 million litres of annual grain spirit each year. Marussia plans to double its market share in Russia by mid-2021, and…

Heineken has reported a 14% drop in volume sales during March as a result of the Covid-19 pandemic. The Dutch brewer said year-on-year volume sales decreased 2.1% in Q1 and that contributed to a sharp fall in profit. It made a quarterly net profit of €94 million, compared to €229 million in the same period last year. Heineken warned that it had received “limited benefit…

The brand has also seen a 5% profit increase after tax to almost £62m with the majority of its growth taking place in international markets outside the UK. Co-founder Tim Warrillow said: “The group delivered good growth in 2019 despite a more subdued UK market, with double-digit growth across our international regions. “We strengthened our global leadership position and…

Pineapple Mixer with Almond is designed to complement the vanilla notes found in rum and provide a smoky finish for added depth. Mandarin Mixer with Ginger is a twist on the classic ginger ale and it is said to pair well with bourbon and Scotch. “We are committed to encouraging bartenders and consumers to explore flavour in new ways – having fun and experimenting,” said…

The initiative has been designed to help foster up-and-coming female talent in the drinks industry in the form of training, mentoring and financial support.  Raissa de Haas, co-founder of Double Dutch, said: “We’re very excited to be launching this programme as we have seen so much talent and creativity from women when it comes to mixology. “Unfortunately, women are still very under-represented in the drinks…