Daily Archive: April 15, 2025
Moët Hennessy Sales Dip In Q1, But Hennessy’s U.S. Depletions Return To Growth
Moët Hennessy saw first-quarter sales slip 9% organically to €1.3 billion ($1.5b) in the three months through March, as the company cited “ongoing normalization of demand” as impacting its results. Continue reading →
Wine Spectator: Frescobaldi And Marco De Grazia Team Up On Sicily’s Mount Etna
Tuscan wine dynasty Marchesi de’ Frescobaldi has bought a minority stake in the pioneering Mount Etna estate Tenute delle Terre Nere in Sicily. Continue reading →
Australian Wine Shipments Slip In U.S., Rise In China
Australian wine exports increased by 34% in value to A$2.55 billion ($1.6b) and 7% in volume to 72 million 9-liter cases last year, according to Wine Australia, as a strong performance in China offset declines in the U.S. and other markets. Continue reading →
News Briefs for April 15, 2025
•The 14th edition of OperaWine kicked off Vinitaly, Italy’s signature wine fair in Verona, on April 5 against a backdrop of uncertainty and fear of a trans-Atlantic trade war sparked by President Donald J. Trump’s tariffs on European products. Continue reading →
Drinks Retailers Bullish On Hemp THC Category
The battle over how to regulate hemp-derived THC products is heating up, with the alcohol retail trade group American Beverage Licensees (ABL) proposing to bring intoxicating hemp products further into the three-tier system, amid wider Congressional scrutiny of the fast-growing category. Continue reading →
Posted in News on April 15, 2025Tilray Furthers Push Into Hemp THC
Cannabis and beverage alcohol group Tilray reported gross profit of $52 million for its fiscal third quarter ended in February, up 5% year-over-year. Continue reading →
Posted in News on April 15, 2025
