United Spirits has revealed a net loss of £445 million, prompting majority owner Diageo to launch an investigation.
Hendricks Gin has helped boost the annual turnover of William Grant & Sons to a record £1.12 billion, a 5.2% increase on the previous year.
Several years of heavy investment in China has been blamed by many spirits producers as the root cause of a string of depressed annual results.
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.
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