The price of Argentine wines will remain stable, according to one importer, despite the country being in the grip of an economic crisis.
Carlsberg has warned its profits are likely to take a tumble this year due to increasing tensions between the Ukraine, Russia and the West.
A new tax could be levied on sales of alcohol to fund the treatment of drink and drug addicts.
Diageo’s top executives have taken a hit on bonuses after the company’s net sales dropped by more than a billion pounds.
Australia’s Treasury Wine Estates has received a second multi-billion-dollar offer, sparking a bidding war for ownership of the troubled wine company.
UK sales of Franciacorta wines doubled in the first six months of 2014 with ramped up communications credited for raising greater awareness of its wines.
Diageo has blamed a net sales loss of £1.1 billion in 2014 on weak emerging markets and a continued slowdown in China.
The Australian Taxation Office has warned the wine industry not to abuse the system by unfairly claiming hundreds of thousands of tax rebates each year.
Morrisons has become the first UK retailer to stop selling cans with more than four units of alcohol in a single serve.
Destocking in China continued to impact Moët Hennessy Louis Vuitton (LVMH) in the second half of 2014, which has posted a 15% drop in profits in its wine and spirits portfolio.
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