Prosecco production in July one of biggest in history
The Consorzio di Tutela Prosecco DOC has revealed that more than 500,000 hectoliters were bottled in July, the second highest in history.
French wine’s rebound threatened by drought
Wine production in France has been forecasted to rebound this year following the frost-hit 2021 harvest but the ministry of Agriculture and Food has warned that worsening drought could curb volumes.
Brands Report 2022: Vodka
Just as Ketel One was on the precipice of completing the perfect 10, in swoops Grey Goose to snatch the vodka crown.
Brands Report 2022: Gin
Topping gin for seven of the last nine years, Tanqueray is once again king gin. The Diageo brand, famed for its juniper forward Tanqueray London Dry and Tanqueray No. Ten gins, was the house choice in 25% of the world’s best bars.
The continued rise of RTDs
The RTD category proved remarkably resilient when the Covid-19 pandemic brought the global drinks industry to its knees last year. It was already on a tear, and its growth simply accelerated after strict lockdown measures forced billions of people to stay at home.
Brighter days ahead for the industry
Global alcohol consumption is expected to increase by 2.9% this year, according to new IWSR projections. Martin Green reports.
Beverage alcohol in Asia Pacific markets is expected to gain more than +2% in volume and more than +4% in retail value by the end of 2021, according to IWSR Drinks Market Analysis.
Analysis: Diageo's recovery mode in 2021
Diageo shareholders were toasting chief executive Ivan Menezes after he said they can expect to receive billions of pounds in share buybacks or special dividends. The Smirnoff, Johnnie Walker and Guinness producer announced that organic profit should grow by at least 14% in the year to 30 June.
Korean Soju giant Jinro has topped Drinks International's The Millionaire Club for the 20th year in a row having added 9m 9-litre cases in 2020.
Heineken's Pure Piraña hard seltzer expands into Europe
Pure Piraña, Heineken’s hard seltzer brand, has announced an expansion into Europe following its exports into Mexico and New Zealand last year.
Brands Report: Vodka
There’s been little change in the best sellers, with the top brands all holding, says Hamish Smith
Brintex optimistic despite LIWF absentees
Events firm Brintex has voiced optimism ahead of this year’s London International Wine Fair (LIWF) and Distil despite the absences of Pernod Ricard, Percy Fox (Diageo’s UK wine division) and PLB.
Drambuie announces annual results
Drambuie has reported operating profits of £2.81m – up 2% on last year.
170-year old Veuve fetches €30K
A 170-year old bottle of champagne salvaged from a shipwreck in the Baltic Sea has fetched €30,000 at auction.
France: Absinthe ban lifted
The absinthe ban in France has been lifted, according to absinthe brand La Fée.
Diageo confident in premium future
Consumers are returning to premium purchases, according to global drinks giant Diageo.