Pernod reports sharp -26% sales drop in China
Sales for Q1 FY25 totalled €2,783m with an organic decline of -5.9% largely driven by a steep drop in China.
Nemiroff enters Australian market
Nemiroff De Luxe Vodka has entered the Australian market through Endeavour Group at Dan Murphy's stores across the country.
Oriole set to open new site in Covent Garden
London bar Oriole will open its new permanent space in The Yards, Covent Garden on 28 August.
Anora has reached an agreement to acquire the Blomberg glögg brand, along with its recipes and intellectual property rights, from Orkla Denmark.
Brown-Forman opens Japan distribution office
Brown-Forman has launched its own distribution business in Japan to bring its distribution in-house for the first time since entering the market in the 1970s.
Tito's makes UK changes and supports Equal Measures
Tito’s Handmade Vodka has appointed Spirit Cartel as its new distributor for the UK and signed a sponsorship deal with Equal Measures.
Beam Suntory France begins trading
Beam Suntory France has officially begun operations and is directly responsible for the marketing and distribution of its portfolio in France.
Flavoured alcohol market to reach $1.8tn globally by 2032
A recent report by Allied Market Research has revealed that the global flavoured alcohol market is anticipated to generate $1.8 trillion by 2032, up from a $1.2 trillion market size in 2022.
Casillero del Diablo launches new line to attract a younger market
Viña Concha y Toro's leading brand, Casillero del Diablo has launched Devil's Carnaval, a proposal with which it aspires to expand the market to younger adults.
Brown-Forman announces Slovakia distribution business
American drinks group Brown-Forman has announced the launch of its own distribution business in Slovakia, bringing distribution in-house for the first time since the company entered the market.
The new Hospitality Market Monitor from CGA by NIQ and AlixPartners has revealed that in the last 12 months, Britain has lost around one in 18 of its licensed premises, 5,736 pubs, hotels, restaurants, bars and cafes.
Anchor to shut down after 127 years
After 127 years, having survived San Francisco’s 1906 earthquake, Prohibition and both World Wars, Anchor Brewing Company is closing down due to recent economic pressures.
The IWSR has recognised Trivento winery as the world’s top-selling Argentine wine brand.
Celebrity tequila - the long term effects
While they put a focus on the spirit, some experts believe the explosion of brands backed by famous faces does the category and quality expectations no favours.
Takamaka launches in Belgium
Trois Frères Distillery, the makers of Takamaka Rum in the Seychelles, has announced its launch into Belgium in collaboration with independent importer, The Nectar.
Louis XIII unveils Rare Cask 42.1
A decade after the release of Rare Cask 42.6, Louis XIII has introduced its Rare Cask 42.1, the first edition to be presented as a ritual set.
Laphroaig launches UK phase of Taste Trailblazers
Laphroaig Single Malt Scotch Whisky is launching The Laphroaig Market in collaboration with Michelin-starred chef Tom Aikens, forming the UK phase of ita global initiative, Taste Trailblazers.
PROMOTIONAL FEATURE
Flävar’s Rolf Munding talks Swedish Schnapps and expansion plans
Swedish schnapps brand, Flävar, recently reached 100k bottles sold since launching in the UK on-trade in May 2022. Drinks International caught up with Rolf Munding, owner of Market Taverns Group, whose latest venture, Flävar, plans to grow its European presence this year.
Top-end producers face mixed future
A recent IWSR report suggests that premium-plus producers are in for an economic rollercoaster.
No and low category surpasses $11 billion
The no- and low-alcohol categories grew by more than 7% in volume across 10 key global markets in 2022 to surpass a market value of $11bn, a new report from IWSR Drinks Market Analysis has revealed.
Premiumisation shows first signs of slowing down
According to IWSR Drinks Market Analysis, the first half of 2022 (H1) saw value growth of beverage alcohol reaching historic highs, driven by a combination of post-pandemic demand and price increases.
Global mezcal market expected to reach $2.1 billion by 2031
The global mezcal market is expected to reach $2.1 billion by 2031, new data by Straits Research has revealed.
Tonic water adapts and thrives
Players big and small are benefiting from a rise in demand for premium products in this mixer category.
HiteJinro: Soju’s export mission
A spirit historically bound to the South Korean market, soju consumption is rapidly increasing in key global markets.
Rum: The White Choice
White rum has long been a star ingredient of cocktails and with consumers now demanding better quality drinks, it is ripe for premiumisation.
The world’s number one selling spirit brand Jinro soju has announced it will be sponsoring Luno presents All Points East festival this month, the first time a Korean spirit brand has supported a major UK festival, making history for the global drinks market.
The UK drinks market key gin insights
The UK’s on-trade and hospitality outlets are preferring to serve leading brands of gin and tonic as their house products instead of supporting local and small-batch counterparts, as market researcher Shepper finds.
Allied Market Research: Global tequila market projected to reach $24.19 billion by 2031
A recent report by Allied Market Research has shown that the global tequila market garnered $12.89 billion in 2021, and is estimated to generate $24.19 billion by 2031.
The Spirit of Manchester Distillery enters whisky market
The Spirit of Manchester Distillery has launched its first whisky, the OnePointSix English, as it moves into the whisky market with a £1 million investment, the biggest since it was founded in 2016.
Can sambuca relight its fire?
Flavours, packaging and a concentration on cocktails in the on-trade could be the way to a new audience for the Italian liqueur.
Global alcohol market value surpasses 2019 levels
The value of the global alcohol market grew by 12% to reach US$1.17 trillion in 2021, making up for the 4% covid-driven losses in 2020, new data from IWSR Drinks Market Analysis has found.
Premium sales drive growth for Viña Concha y Toro in 2021
Viña Concha y Toro has reported that profits rose by 26.7% in 2021 with sales of premium wines accounting for more than half of company revenues for the first time.
Mark Livings: How Lyre's plans global expansion
Few drinks categories have seen as much start-up activity as alcohol-free spirits in recent times. Lyre’s chief executive Mark Livings concedes his brand was beaten to the market by the likes of Seedlip and others, but he’s convinced that rapid scaling, rather than being early to the game, holds the key to success.
Brands Report 2022: Non-alcoholic spirits
The non-alcoholic spirits category debuted in last year’s report, but the sector has quickly taken root and now no drinks group’s portfolio is complete without one.
Mancino acquired by The Lucano Group
Mancino Vermouth has been acquired by The Lucano Group for an undisclosed fee and joins a wide portfolio of premium spirits brands.
Ecommerce alcohol sales expected to grow by 66% over the next five years
Online sales of alcoholic beverages in 16 key global markets will increase by 66% over the next five years, according to projections from IWSR.
Craft spirits outpace non-craft in the US in 2020
In 2020, craft spirits in the US volume gains of almost 8%, growing to a 5% volume share and 7% value share of the total US spirits market, according to IWSR Drinks Market Analysis.
US named 'most attractive' wine market in Global Compass report
The United States has once again topped the list of the most attractive wine markets in the world, according to a new report from Wine Intelligence.
Wimbledon Brewery launches debut gin
London’s Wimbledon Brewery has taken its first steps into gin production with the unveiling of Wimbledon Garden Gin.
Edrington reports year-on-year profit decline
Edrington has reported that pre-tax profit decreased 21% year-on-year to £178.4 million for the year ending 31 March 2021.
The global drinks industry is showing positive signs of recovery and will grow in volume by 2.9% by the end of 2021, according to new IWSR forecasts.
Edrington and Beam Suntory agree distribution swap
Edrington and Beam Suntory have reached an agreement to end their joint-venture distribution businesses in Spain and the UK after more than a decade of partnership.
Spirits giants Edrington and Beam Suntory have agreed to an equity swap of stakes in their jointly-owned distribution companies in Spain and the UK.
A synchronised sigh of relief was heard right across the Armagnac region last year as the news broke of Donald Trump’s defeat in the US election.
Beefeater enters RTD market with G&T range
Beefeater has launched three new RTD Gin & Tonic varieties into the UK off-trade in time for the easing of lockdown restrictions.
Tito's signs new Italian distribution deal
Tito’s Handmade Vodka has entered a new distribution agreement with Genova-based Velier S.p.A for the Italian market.
Concha y Toro net profits increased 48.6% in 2020
Leading Chilean wine producer Concha y Toro increased net profit by 48.6% to Ch$77,994 million (US$107.4 million) in 2020.
An ambitious start-up aims to turn hard seltzers into a hot summer drinks trend within the UK market.
Casillero del Diablo launches Spanish Tempranillo
Leading Chilean wine brand Casillero del Diablo is expanding into Spain by launching a Tempranillo from Cariñena.