A German entrepreneur has trademarked the word “Grexit”, referring to Greece’s possible exit from the Euro, and is launching a satirical vodka-based drink off the back of it.
Molson Coors UK has acquired the rights to Swedish cider Rekorderlig in the UK – its first foray into the premium cider category.
Yealands Family Wines’ owner Peter Yealand has agreed to sell 80% of the company to a Marlborough-based business for NZ$89 million (£38.1m).
Tesco’s like-for-like sales fell by 1.3% in the three months to 30 May, an improvement on the previous quarter and a “step in the right direction”, according to its chief executive.
Scotch whisky is moving beyond its traditional consumer base and has “regained its attractiveness” following a “challenging year”, according to the CEO of Chivas Brothers.
French spirits producer Rémy Cointreau has said it is open to acquiring new brands in an effort to further premiumise its portfolio.
Cognac could soon enjoy a long-awaited boost thanks to an improving picture in China and strength of emerging markets, Rabobank’s Q3 spirits report predicts.
With Chinese buyers snapping up Bordeaux châteaux at a rate of knots and continued consolidation among former rivals, the drinks world is ever-changing.
Majestic Wine has reported a drop in its annual pre-tax profit of 22.5% to £18.4 million in its first annual report since acquiring Naked Wines for £70 million.
Brown-Forman has belatedly joined the Irish whiskey rush with its acquisition of Ireland’s Slane Castle, but is by no means guaranteed success.
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