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

Daily Archive: January 28, 2021

Diageo Posts Strong U.S. Growth In Fiscal First Half

Solid gains in North America led Diageo to an organic sales increase of 1% to £6.9 billion ($9.4b) in its fiscal first half ended in December, despite ongoing challenges like on-premise restrictions and a depressed travel retail market. Continue reading →

Posted in News on January 28, 2021

U.S. Champagne Shipments Down 20% In 2020

As a result of Covid-19, 2020 saw Champagne shipments to the U.S. decrease by 20%, according to Comité Interprofessionnel du Vin de Champagne (CIVC), compared with a global volume decline of 18% to 245 million bottles. Continue reading →

Posted in News on January 28, 2021

Ste. Michelle Closes Challenging Fiscal Year, As On-Premise Shutdown Takes A Toll

Ste. Michelle Wine Estates saw revenues decline 10.9% to $614 million in its fiscal year through December, with adjusted operating profit falling 30% to $51 million. Continue reading →

Posted in News on January 28, 2021

News Briefs for January 28, 2021

•Southern Glazer’s Proof e-commerce platform has topped $1 billion in revenue since launching in 2019. Continue reading →

Posted in News on January 28, 2021

Craft Brewing and Distilling News for January 28, 2021

•Atlanta, Georgia’s Sweetwater Brewing Company has launched Oasis hard seltzer, one of the latest entries in the explosive category. Continue reading →

Posted in News on January 28, 2021