Drinking vinegar, raki and Japanese whisky are just some of the trends predicted to take the spirits world by storm in 2015.
Australian Vintage has reported a 16% rise in total revenue in its half year results, boosted by a double digit increase in sales of its branded wines.
Majestic Wine CEO Steve Lewis has stepped down with “immediate effect” as the company moves into a “crucial stage” in its development, it has been announced.
Carlsberg has announced Cees ‘t Hart, currently CEO of Dutch dairy company Royal Friesland Campina, as its new CEO.
Russia’s second biggest importer of French wines has announced the imminent bankruptcy of five of its companies, prompted by the collapse of the ruble.
UK off-licence group Conviviality Retail has expanded its portfolio with the acquisition of 37 new stores in a deal worth £6 million
Diageo’s overall revenue fell flat in the first half, with the continued slowdown in China, Russia and North America hampering its efforts to return to growth.
The Scotch whisky industry is now bigger than the UK’s iron and steel, textiles, shipbuilding and computing industries, contributing £5 billion to the UK economy each year.
Diageo has warned suppliers that it will in future take three months to pay its bills, increasing its payment contract from 60 to 90 days.
Millennials are driving premiumisation in the wine trade, but producers are struggling to take advantage of increased demand, according to Rabobank.
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