Exclusive news and research on the wine, spirits and beer business

Diageo’s Full-Year Sales Jump 16% To $17.7 Billion

Diageo this morning posted sales up 16% on an organic basis to £12.7 billion ($17.7b) for its fiscal year ended in June, with operating profit up 17.7% to £3.7 billion ($5.2b). Continue reading →

Posted in News on July 29, 2021

Mike Keyes To Retire As Proximo CEO, Luis Félix To Replace Him

Industry veteran Mike Keyes will retire as president and CEO of Proximo Spirits by the end of the year, with Luis Félix, currently Grupo Cuervo’s managing director for Mexico & Latam, set to replace him. Continue reading →

Posted in News on July 29, 2021

News Briefs for July 29, 2021

•Bacardi-owned Plume & Petal has entered the spirits-based RTD world with three new vodka-based cocktails. Continue reading →

Posted in News on July 29, 2021

Impact Databank: U.S. Wine Volume Projected To Decline In 2021, But Premium Brands Make Strides

After 27 consecutive annual gains, the wine industry in the United States is expected to suffer a 0.5% volume decrease this year, down to 335.4 million 9-liter cases—according to the recently released 2021 edition of The U.S. Wine Market: Shanken’s Impact Databank Review & Forecast. Continue reading →

Posted in News on July 28, 2021

Spirits Gain Speed In Control States

After a modest first quarter of 2021, spirits volume has accelerated somewhat the past three months in the U.S. market’s 18 control jurisdictions, to bring year-to-date gains up to 7.7% cumulatively ending in June, according to the National Alcohol Beverage Control Association (NABCA). Continue reading →

Posted in News on July 28, 2021

News Briefs for July 28, 2021

•Constellation Brands has taken a minority stake in Hop Wtr, a non-alcoholic, calorie-free sparkling water infused with adaptogens and nootropics including L-Theanine and ashwagandha. Continue reading →

Posted in News on July 28, 2021

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