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.
The global spirits market declined by 0.1% in 2014, a loss of 3.1 million nine-litre cases, while global wine sales fell by 1.1%, according to the 2015 IWSR Database.
Brown-Forman has announced plans to build a $50m Irish whiskey distillery at the historic Slane Castle, having acquired Slane Castle Irish Whiskey Limited.
Sales of Prosecco continued to grow in the UK on- and off-trade in 2014, but not at the expense of Champagne, according to the fourth annual Lanson category report.
Cocktail chain The Alchemist is set to open more sites across the UK after the completion of a £13 million management buyout.
The Confederation of British Industry will not appoint former Diageo boss Paul Walsh as its president because of his links to the Conservative party.
Innis & Gunn has launched an investment scheme in a bid to raise £3 million to build its first brewery, bottling line and barrel store in Scotland.
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