A 5% tax reduction for spirits in the UK budget next month could boost the Treasury’s income by £748 million (US$1 billion) over the next three years, according to new data.
“RNDC is starting the year off with a new look,” CEO Tom Cole said. “This is a logo our entire company will embrace, including those on the West coast who recently began doing business as RNDC. It’s an exciting time for our company.”
One of the largest acquisitions in wine-industry history closed Tuesday, as E. & J. Gallo Winery completed its $810 million purchase of about 30 wine labels from Constellation Brands Inc.
Washington, D.C. – Wineries will soon be able to sell their products in regular-sized cans.
New York, December 15, 2020 – Digital customer engagement company 3×3 is pleased to release a proprietary report that offers insights for beverage alcohol retailers and suppliers looking to drive growth in January 2021 and beyond.
US tariffs on European wines have had the government's desired effect: about 9 percent fewer wines have been imported to the US this year, and the average price of imported wine is down by 15 percent, according to a webinar this week by Gomberg Fredrikson and bw166.
Business groups are rallying to push Congress to extend alcohol excise tax relief provisions that expire at the end of an already challenging year for the industry.
The EU beer market estimates that its sales have dropped by 20% so far this year, a figure which could rise to 25% by the end of the year, the secretary-general of the Brewers of Europe, told EURACTIV in an interview.
“Our estimate is that on average, we have lost until now about 20% of our beer sales,” Pierre-Olivier Bergeron said, referring to the first six months of the pandemic.
The US bar and restaurant industry revived 592,000 jobs across the country in July, according to new statistics from the Bureau of Labor.
In the midst of an already challenging year between the coronavirus and flattening sales, the U.S. wine sector was hit with a surprising blow last month that threatens to erect another obstacle to its growth into the future.