Pernod Ricard’s share price increased 2% this morning after the firm raised its profit growth estimate following “greater than expected business dynamism”.

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.

A synchronised sigh of relief was heard right across the Armagnac region last year as the news broke of Donald Trump’s defeat in the US election.

Pernod Ricard’s global sales have seen a 1.7% organic growth for the first nine months of FY21 which totalled €6,941m.

Scotch whisky producers are celebrating after the US government announced it would suspend tariffs on various UK goods for four months.

U.S. online retailer Wine.com has revealed that revenue increased 119% year-on-year to reach $329 million during 2020.

Heineken beat analysts’ expectations by reporting a volume sales decline of just 1.9% during the third quarter of 2020.

Remy Cointreau has reported a 16.4% decrease in sales for the first half of its fiscal year after the pandemic ravaged its on-trade business.

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.

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

Les Vignobles Foncalieu’s AOC Corbieres Chateau Haut Gleon Blanc 2012 has launched, targeted at the on-trade in Germany, China and the UK.

Champagne Jacquesson has announced the launch of two single-vineyard champagnes from 2002 to global markets.

The Glenglassaugh Distillery Company has launched a range of “Spirit Drink” products. The aim is to give malt whisky fans the opportunity to sample the evolution of the spirit that will eventually become whisky.

A major scientific study into the storage of wine in different forms of packaging has revealed that the bag-in-box, single-layer PET and small multi-layer PET altered the character of white wines when stored over six months, with oxidation clearly noticeable.

Australia: Wine exporter Beelgara has appointed Jaap Sonnemans as its new European market manager.

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