LVMH has posted a first quarter revenue increase of 16%, rising to €8.3 billion, but its wines and spirits division continued to lag.
Constellation Brands has reported a 24% increase to net sales in its 2015 end of year results, largely propelled by its Mexican beer business.
Diageo has taken control of South Africa’s United National Breweries, having acquired the remaining 50% stake it did not already own.
Grape-distilled English gin Chilgove will be available in Canada from April, with interest in the spirit said to be “soaring”.
Scottish brewer BrewDog has reported a 69% increase in profit, marking a sixth consecutive year of record growth as its turnover continues to rocket.
Bacardi has confirmed it has acquired a minority stake in independent Scotch whisky producer Compass Box – two days after entering the Bourbon market.
UK pub group and brewer Marston’s has bought rival Daniel Thwaites’ beer division in a cash deal worth £25.1 million.
In an ever-crowded and competitive market the world’s biggest vodka brands have had to up their game in recent years to keep ahead of the pack.
An untapped gap in the US market for premium brandy could be worth nearly $1 billion, if producers are able to capitalise on its potential, according to Rabobank.
The UK’s major on-trade outlets saw like-for-like sales edge up 1.6% in February, continuing a near two-year trend of post-recession growth, according to the Coffer Peach Business Tracker.
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