Global spirits volume sees 5% growth for 2022

Globally, spirits declined by 2% in volume consumption in 2022, this was mostly due to low-priced baijiu in China.  Cognac saw a 10%…

Brown-Forman announces +8% net sales for FY23

Reported operating income decreased 6% to $1.1 billion in fiscal 2023 reflecting lower gross margin, higher non-cash impairment charges (largely related to the Finlandia brand),…

Sean ‘Diddy’ Combs sues Diageo over racism claims

In a New York court filing this week by Combs’ lawyers, the rapper and his representatives are seeking “billions of dollars in damages due to…

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