Rémy Cointreau’s net sales declined 15.5% in the first six months of 2014, a drop blamed on “evolving consumption patterns” and de-stocking in China.
1847 Wines has completed its purchase of Australia’s historic Chateau Yaldara, announcing plans to turn it into a major tourist destination.
Millennial drinkers are shunning the self-proclaimed “King of Beers” in favour of craft, with shipments outnumbering those of Budweiser for the first time.
Londoners’ taste for vino has been mapped revealing a “river of red” through its centre, according to a survey by Naked Wines.
UK wine merchant Enotria has announced Jon Pepper MW as its new director of buying and retail, previously managing director at Buckingham Schenk.
Carlsberg is to merge with Greece’s third-largest brewer to become a “strong number two player” in the country’s beer market.
Despite significant challenges the future of the UK’s independent wine retail sector looks bright, according to a recent report that described it as “thriving”.
Pabst Brewing Company, has completed its sale to the newly formed Blue Ribbon for a reported US$700 million.
Gruppo Campari’s results for the first nine months of 2014 were “in line” with expectations with the group recording a pre-tax profit of €116.9m, down 21.8%.
Asia will remain the “key region for the long-term development of the global alcohol market” over the next five years, despite the slowdown in China.
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