Pernod Ricard saw sales rise by 8% to almost €8.56 billion in the year to the end of June, but a €404 million write down of its Absolut vodka brand caused net profits to fall by 15%.
Japan’s Kirin Holdings has taken control of Myanmar Brewery, Burma’s largest brewery, in a deal worth US$560 million.
Constellation has acquired a minority stake in a Chicago-based cocktail company, the first project of its newly established investment arm Constellation Ventures.
Consumer spending in pubs and restaurants has been accelerating in the first half of this year and is set to grow even more quickly in 2016, 2017 and beyond, experts predict.
If Ivan Menezes wanted a theme song to accompany his presentation of Diageo’s latest annual results, he might have chosen the 1980s hit The Only Way is Up.
Diageo has reported a 5% rise in net sales for 2014/15, signalling a turnaround in the company’s fortunes after a challenging few years.
Majestic Wine is rolling out a Naked Wines’ click and collect service in all of its stores, cutting delivery costs for both the company and its 150,000 “Angels”.
Suntory has sold its Louis Royer Cognac brand to France’s Terroirs Distillers for €100 million (£74m).
Sales of sparkling wine produced in the UK have more than doubled since 2010, rising to £6 million in 2014 from £2.9m in 2010.
Wine brands Stowells, Jack Rabbit and Hardys are the current top three most popular wines in the UK on-trade, according to the latest report by CGA Strategy.
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