Boston Beer Company saw its share price plummet by almost 10% yesterday after weak demand for hard seltzer forced it to pull its earnings guidance.

Diageo Australia has announced the nationwide launch of Reeftip Drinks Co., a spiced rum RTD brand that will donate 10 per cent of profits towards regenerating the Great Barrier Reef.

Leading Caribbean and Central American drinks distributor WEBB Banks has created a subsidiary that will focus on supplying CBD and wellness products to the trade.

French distributor BBC Spirits has bolstered its portfolio with several UK spirits brands as it bids to drive growth in 2021.

Premium rosé, ecommerce and innovation in packaging will form the bedrock of Foncalieu’s strategy as it bids to enjoy a strong commercial performance in 2021.

An award-winning start-up that produces net carbon negative vodka in New York City has redirected its entire production capacity towards making hand sanitizer.

Gallo Family Vineyards, the Californian wine producer, has launched the Gallo Film Club.

French distributor DIVA (Distribution Internationale de Vins et Alcools) has created DIVA South Africa to market some of the country’s ‘premium’ wines to an international audience.

Chinese regulators have approved Diageo’s acquisition of an additional 4% stake in Sichuan Chengdu Quanxing Group (Quanxing) from Chengdu Yingsheng Investment Holding Co (Yingsheng).

The makers of Sheep Dip whisky have launched a gin.