Diageo acquires female-owned flavoured Tequila brand 21Seeds
Diageo has announced the acquisition of super-premium flavoured Tequila brand 21 Seeds.
D.O. Cava enjoys record breaking 2021
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.
Pernod Ricard reports strong H1 growth
Surging demand for premium spirits powered Pernod Ricard’s 17% year-on-year sales growth in the six months to December 31, 2021.
Diageo reports 15.8% first-half sales growth
Diageo reported that first-half net sales increased 15.8% to £8 billion as the on-trade rebounded and off-trade demand remained strong.
No and low alcohol sales reached almost $10 billion in 2021
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.
Cava sees significant growth in the first nine months of 2021
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 raises sales guidance
Brown-Forman has raised its full-year sales outlook in anticipation of supply chain disruption easing in the months ahead.
AB InBev targets 4% to 8% medium-term growth
The new chief executive of AB InBev has set a core profit growth target of 4% to 8% for the medium-term.
Lucas Bols announces strong revenue returns
Lucas Bols has announced a return of revenues to pre-Covid times for the first half of the 2021/22 financial year.
The continued rise of RTDs
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 declares +9.7% organic sales growth FY21
Pernod Ricard has announced organic sales growth of +9.7% for FY21 totalling €8,824m with increased sales in all regions.
Surge in hard seltzer brands slow uptake
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 acquires Mezcal Unión
Diageo has added Mezcal Unión to its Reserve range through the acquisition of Casa UM.
VSPT Wine Group sales up 11%
VSPT Wine Group has seen an 11% increase in sales for Q2 to maintain its number one spot in the Chilean market.
Diageo reports 16% organic net sales growth
Diageo has outperformed analysts’ expectations by reporting organic net sales growth of 16% for the year to June 30.
Brighter days ahead for the industry
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 increases profit guidance to 16%
Pernod Ricard’s share price increased 2% this morning after the firm raised its profit growth estimate following “greater than expected business dynamism”.
Industry economics showing promise for 2021
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.
Campari Group reports 17.9% sales growth for Q1
Organic net sales at Campari Group increased by 17.9% to reach €397.9 million in the first three months of 2021.
Henkell Freixenet reports 7.4% sales decline for 2020
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 reports 3.8% revenue increase
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 suffer -3.9% drop through travel retail absence
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 celebrates strong Christmas trading
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 Sales Surged in Q3
Remy Cointreau has reported 25.1% sales growth for the final three months of 2020.
Naked Wines' James Crawford reflects upon H1 results
Drinks International caught up with Naked Wines’ chief financial officer James Crawford to discuss the firm’s impressive H1 results.
Naked Wines revenues increase 79.6%
Naked Wines enjoyed 79.6% revenue growth in the six months to September 28 after demand for online wine purchases soared during the lockdown.
Milestone Beverages eyes expansion across Asia Pacific
Joe Milner's Milestone Beverages has been driving expansion through Asia, and it is now eyeing new markets. Martin Green hears how the company plans to move forward.
BrewDog launches 2020 advent calendar
BrewDog has launched a craft beer advent calendar with support from DS Smith and Glenhaze.
AB InBev reports sales increase in Q3
AB InBev reported a 4% revenue increase in Q3 after enjoying surging sales in Brazil, Mexico and the United States.
Carlsberg returned to sales growth in Q3
Carlsberg increased its forecast for full-year earnings after enjoying organic volume growth of 2.4% during the third quarter.
UK off-trade sales enjoy 17% growth
The beer, wine and spirits category remained the star performer in the UK retail sector as it enjoyed 17% growth in the four weeks to October 3.
Diageo to purchase Aviation Gin in $610m deal
Diageo will purchase Aviation Gin and several sister brands in a deal worth up to $610 million.
US off-trade sales continue to surge throughout summer
Sales of spirits, wine and beer continue to soar in the US off-trade as shoppers shun bars and restaurants in favor of drinking at home.
Leading Chilean wine producer Concha y Toro has reported that Q2 consolidated sales grew 16.5% in difficult trading conditions.
Naked Wines has reported 81% year-on-year revenue growth during April and May as online orders spiked during the coronavirus lockdown.
Big Interview: Amber Beverage Group CEO Seymour Ferreira
Amber Beverage Group has tipped Australia and China to lead the way as the global drinks industry emerges from the coronavirus crisis.
Norway’s wine and liquor monopoly retailer has reported 28% volume sales growth during the first five months of 2020.
In-country representation key to wine success in Asia
Attracting younger wine drinkers and in-country representation is key to success in Asia, says research commissioned by Messe Düsseldorf, the company behind ProWein.
Sparkling wine
Susanne Stauß takes a closer look at the global sparkling wine market
Pernod posts best growth since before recession
Pernod Ricard has achieved its highest-level of growth since before the global recession, thanks to strong sales in Asia and a rallying performance in mature markets.
Distell reports 15% revenue growth and 9% sales increase
Distell, South Africa’s leading wine and spirits producer, has reported a 15% growth in revenue for the year to June 2012 and a 9.9% increase in sales volumes across its portfolio of wines, spirits and RTDs in both domestic and international markets.
Diageo announces net sales growth of 6%
Diageo has announced a 6% net sales growth and 9% increase in operating profit for the year ended June 30, 2012.
Campari H1 boosted by N America and Asia
Gruppo Campari has announced sales growth of 5% for H1 of 2012, with strong performances in North America and Asia Pacific offsetting difficulties in Germany, Italy and South America.
Concha y Toro commits to Fetzer
Concha y Toro, the largest wine producer in Latin America, is committed to developing and improving the Californian wine producer, Fetzer, which it bought from Brown Forman in March 2011.
Gruppo Campari has announced group pre-tax profit of €52.8 million for the quarter ending March 31, 2012.
The Philippines' Emperador leads the brandy world
The Philippines-based Emperador brand is the world’s number one selling brandy after more than doubling its volume sales during 2011.