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Thursday 23 October 2014

Business

Russia’s drinks market on a knife edge

Russia’s alcoholic drinks industry is in tatters, reeling under the pressure of excise tax hikes, advertising bans and relentlessly tightening legislation.

Wednesday, September 10th, 2014 2 Comments »

William Grant & Sons buys Drambuie

William Grant & Sons has acquired the Drambuie whisky liqueur brand.

Monday, September 8th, 2014 No Comments »

Pernod eyes up billion euro acquisition

Pernod Ricard could raise and spend “a few billion euros” on the right acquisition, if one came along, according to its deputy chairman and joint chief executive.

Monday, September 8th, 2014 No Comments »

Inquiry launched over £445 million USL loss

United Spirits has revealed a net loss of £445 million, prompting majority owner Diageo to launch an investigation.

Friday, September 5th, 2014 No Comments »

William Grant posts £1.12 billion turnover

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.

Friday, September 5th, 2014 No Comments »

‘China downturn deeper than anticipated’

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.

Friday, September 5th, 2014 No Comments »

Argentine wine prices withstand crisis

The price of Argentine wines will remain stable, according to one importer, despite the country being in the grip of an economic crisis.

Wednesday, August 20th, 2014 3 Comments »

Carlsberg hit hard by Russia 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.

Wednesday, August 20th, 2014 No Comments »

Alcohol tax could fund addicts’ treatment

A new tax could be levied on sales of alcohol to fund the treatment of drink and drug addicts.

Monday, August 18th, 2014 2 Comments »

Diageo cuts bosses bonuses

Diageo’s top executives have taken a hit on bonuses after the company’s net sales dropped by more than a billion pounds.

Friday, August 15th, 2014 No Comments »

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