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Daily Archive: July 28, 2020

Hennessy’s U.S. Performance Boosts LVMH Amid Tough Global Conditions

Moët Hennessy saw global sales decline 23% to €2 billion ($2.4b) in its fiscal first half ended in June, as the disruption of the on-premise and travel retail markets hampered its progress. Continue reading →

Posted in News on July 28, 2020

Campari Sees Destocking, On-Premise Closures Take A Toll

Campari Group posted sales down 11% to €768.7 million ($902m) in its first half ended in June, as distributor destocking and the downturn in the on-premise cut into its results. Continue reading →

Posted in News on July 28, 2020

News Briefs for July 28, 2020

•It’s usually record-breaking sales that grab auction headlines, but recently a massive flop sent shockwaves through the world of whisky collecting: A whisky collection valued at $2 million raised only $236,000 at auction on July 9. Continue reading →

Posted in News on July 28, 2020

Craft Brewing and Distilling News for July 28, 2020

•Milton, Delaware-based Dogfish Head Craft Brewery has launched this year’s version of 120 Minute IPA with redesigned packaging. Continue reading →

Posted in News on July 28, 2020

Wine Spectator: Cannabis And Wine Producers Face Off In Santa Barbara County

A battle over wine and cannabis in Santa Barbara County, pitting neighbor against neighbor, is coming to a head. Continue reading →

Posted in News on July 28, 2020

Curaleaf Closes $700 Million Grassroots Deal, Expands Footprint To 23 States

Wakefield, Massachusetts-based Curaleaf has completed its acquisition of Grassroots Cannabis, giving it a presence in 23 states with more than 135 dispensary licenses and 88 operational retail locations. Continue reading →

Posted in News on July 28, 2020

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