Johnnie Walker owner Diageo is expecting to see a decline in profit in the first half of fiscal 2024, due to a “weaker performance” in Latin America and Caribbean (LAC). 

Diageo, purveyor of Johnnie Walker and Guinness, has announced half year results to 31 December 2022 with reported net sales of £9.4bn, increased 18.4%, reflecting strong organic net sales growth.

Irish whiskey exports soared by 25% to reach €856m in 2021, according to new government gures, which also show that cream liqueur exports increased 19% to €367m, while gin exports were up 38%, albeit from a lower base.

The exports of sake hit a record high in 2020 for the 11th consecutive year reaching a value of 24.1bn yen, a 3.1% increase on the previous year.

Danish brewer Carlsberg expects to report an organic operating decline of 10% to 15% this year as a result of on-trade closures.

The Tax Free World Association has been forced to cancel the duty free sector’s biggest annual networking event due to uncertainty surrounding the Covid-19 pandemic.

Remy Cointreau expects to report a 9% decrease in revenue for the 2019/20 fiscal year due to the impact of the coronavirus pandemic.

The London Wine Fair is the latest high profile-event to be postponed due to the coronavirus pandemic that has swept the world.

The market for whisky in India is huge, but local brands have the lion’s share due to the exorbitant import tariffs. Christian Davis reports

The UK government’s Work and Pensions Secretary and former Conservative Party leader Iain Duncan Smith, is due to  announce today (May23) that “alcoholics rendered unable to work by their condition will face active intervention in their lives to make them clean and employable”.

Italian drinks company Davide Campari-Milano has reported a group net profit for 2011 of €159.2m, up from €156.2m in 2010.

Billed as its super-premium expressions, Beam has released Teacher’s 25 Year Old and Teacher’s Highland Single Malt to global markets.

Absolut Vodka, part of the Pernod Ricard group, has revealed that its annual sales value and volume grew by 6% during the period July 1 2010 to June 30 2011. 

Stock Spirits Group, the company behind five million case vodka brand Czysta de Luxe, has appointed Credit Suisse as its financial advisor.