Diageo shareholders were toasting chief executive Ivan Menezes after he said they can expect to receive billions of pounds in share buybacks or special dividends. The Smirnoff, Johnnie Walker and Guinness producer announced that organic profit should grow by at least 14% in the year to 30 June.

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.

While New Zealand has managed the pandemic better than most, a lack of tourism and difficulties with shipping have taken a toll on wine sales. Martin Green reports.

UK gin exports decreased by £100 million in 2020 as a result of the Covid-19 pandemic, according to new figures from HM Revenue & Customs.

The Distilled Spirits Council of the United States has released a statement praising the ‘great starting place’ created by the senate’s passage of a $28.6bn relief package for hospitality.

Heineken has announced plans to cut 8,000 jobs as part of an organisational restructuring effort designed to save €2 billion by 2023.

The alcoholic drinks category led the charge as UK supermarkets enjoyed their strongest ever Christmas trading period, according to Nielsen till scan data.

Naked Wines enjoyed 79.6% revenue growth in the six months to September 28 after demand for online wine purchases soared during the lockdown.

Strong demand in the UK and China allowed Australia to increase wine exports by 4% during the 12 months to September 30.

Spanish drinks producer Zamora Company has reported that turnover increased 6.3% to €208 million in 2019.

A strong domestic performance ensured that Brown-Forman net sales decreased by just 2% year-on-year in the three months to July 31, 2020.

Danish brewer Carlsberg expects to report an organic operating decline of 10% to 15% this year as a result of on-trade closures.

Not long ago, India was known as a country that produced whisky from molasses, and the majority of sales came from the category of spirits called IMFL (Indian Made Foreign Liquor).

California Gov. Gavin Newsom has ordered all bars to shut their doors after a spike in Covid-19 cases across the state.

Naked Wines has reported 81% year-on-year revenue growth during April and May as online orders spiked during the coronavirus lockdown.

Wines of South Africa has moved trade show Cape Wine from September 2021 to October 2022 as a result of the Covid-19 pandemic.

British beer sales have plummeted to a 20-year low after pubs and bars across the country were closed due to the coronavirus pandemic.

Bordeaux winemakers are pulling out all the stops in a bid to present the trade with an en primeur campaign amid the Covid-19 pandemic.

The Tax Free World Association has been forced to cancel the duty free sector’s biggest annual networking event due to uncertainty surrounding the Covid-19 pandemic.

Spanish producer Zamora Company has reported that wine and spirits sales in China have recovered as the country emerges from a sweeping coronavirus lockdown.

Pernod Ricard has revealed a 15% organic decline in sales for the three months to March 31.

Heineken has reported a 14% drop in volume sales during March as a result of the Covid-19 pandemic.

Pernod Ricard has pledged Rs 15 crore ($2 million) to boost healthcare facilities across India as it prepares to battle the coronavirus outbreak.

Members of the British drinks trade that have lost their income due to the coronavirus outbreak can apply for a one-off grant worth £250 this week.

Remy Cointreau expects to report a 9% decrease in revenue for the 2019/20 fiscal year due to the impact of the coronavirus pandemic.

A new initiative promises to transform shuttered British bars into click and collect food stores during the coronavirus crisis.

The US off-trade has seen soaring sales of wine, spirits and beer as shoppers stocked up ahead of a lengthy coronavirus lockdown, according to Nielsen stats.

The London Wine Fair is the latest high profile-event to be postponed due to the coronavirus pandemic that has swept the world.

St Patrick’s Day could become a sombre affair this year as bars across the world have been forced to shut their doors due to the coronavirus pandemic.

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Nick Strangeway

How the industry has changed since travel limits

Nick Strangeway looks at how travel restrictions have left a permanent impression on the global bar trade.

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