While the recent drop in the rate of consumer inflation in the UK has been widely welcomed, wine drinkers have not reaped the benefits.
United Sprits’ shareholders have voted in favour of an agreement that will see the company manufacture some of Diageo’s key international brands in the Indian Subcontinent.
A US-based private investment firm has bought a majority stake in cult Californian winery Kosta Browne.
Croatian Fine Wines has acquired Croatian Wines Direct with the aim of establishing itself as the focal point for Croatian wines in the UK.
Constellation Brands has reported a 7% rise in revenue in its third quarter results, boosted by sales of its beer brands including Corona and Modelo.
China’s austerity campaign will affect luxury drinks for a further two years, according to Kiki Yang, partner at Bain management consulting.
Pernod Ricard has sold its Caribe wine cooler brand to Grupo Bepensa as part of a strategy to focus on its spirits and wine brands.
The UK drinks trade has reached its target to remove one billion units of alcohol from the market by the end of 2015 ahead of schedule.
While the UK’s off-trade saw a slight return to growth, sales at pubs, bars and restaurants fell by 3% in the last 12 months.
India’s biggest spirits group United Spirits is to try again for shareholder approval to produce and market Diageo brands in the subcontinent.
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