Russia drags down AB InBev
Brewing giant AB InBev has seen global beer volumes slide by 2.7% in its third quarter, driven down by declines in Europe, especially Russia.
The week in pictures
A glittering beach party in Cannes, cocktails in Mayfair, pumpkins, David Beckham and a 50-year-old single malt – it’s been another busy week for the drinks business.
Investors offered cheap claret over Lafite
Instead of long-awaited cases of Château Lafite or Latour, investors in the failed, Paris-based, 1855.com, are being offered basic Bordeaux.
Chapel Down to double production
Chapel Down’s CEO has predicted consolidation among English wine producers, describing his own business as being in “a fairly aggressive” position to snap up smaller players.
Diageo halts plans for £50m distillery
Diageo has postponed its plans to build a new £50 million distillery in Alness, Scotland, due to a “weaker global economic environment.”