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

Daily Archive: July 28, 2022

Diageo’s Sales Approach $19 Billion On 21% Surge In Fiscal Year Through June

Diageo saw sales climb 21% to £15.5 billion (18.8b) in its fiscal year ended in June, with the company crediting the robust growth to “continued recovery of the on-trade, resilient consumer demand in the off-trade and market share gains, underpinned by favorable industry trends of spirits taking share of total beverage alcohol and premiumization.” Operating income jumped 26% on an organic basis to £4.4 billion ($5.3b). Continue reading →

Posted in News on July 28, 2022

Champagne Propels Moët Hennessy’s First-Half Sales

Moët Hennessy saw sales increase 14% organically to €3.3 billion ($3.4b) in its fiscal first half ended in June, while profit from recurring operations jumped 25% to €1.15 billion ($1.2b). Continue reading →

Posted in News on July 28, 2022

News Briefs for July 28, 2022

•Stoli Group is launching Tulchan Gin globally. Taking its name from Tulchan Estate in Scotland, Tulchan is a small batch gin distilled in Speyside. Continue reading →

Posted in News on July 28, 2022

Craft Brewing and Distilling News For July 28, 2022

•Baltimore, Maryland’s Sagamore Spirit has named Dayna Dennington as executive vice president of sales, effective August 1. Continue reading →

Posted in News on July 28, 2022