Campari (CPRI.MI), opens new tab has nominated Simon Hunt as chief executive to replace Matteo Fantacchiotti who resigned in September, sending the Italian spirits group's shares up 5%.
Brown-Forman, the company behind the Jack Daniel's family of brands, has announced the appointment of Marshall Farrer as the new chair of the board.
A fifth-generation descendant of the founder of the company, Farrer will take over the role in July, succeeding Campbell Brown.
WASHINGTON - In 2018, then-President Donald Trump, citing national security concerns, placed tariffs on some imported steel and aluminum. The European Union retaliated by slapping a 25% tariff on American whiskeys, a blow to Kentucky's bourbon makers.
Beer's nationwide volume fall of -3.6% (Jan to Aug 2024 vs 2023) is reflected in a fairly consistent picture across the US, with almost all states in decline.
The hangover has finally arrived for spirits and beer companies, as the surge in sales boosted by Americans who stayed at home during the Covid-19 pandemic has ended.
The RTD segment is experiencing notable growth, making up US$10.3 billion of the global alcoholic beverages market?
According to figures from Ofcom, only a quarter of adults (26%) consume news in print, with this figure declining year-on-year, and the majority of Generation A and Z get their news content from social media (63%) and online (83%).
FRESNO COUNTY, Calif. -- Changing consumer tastes are having a dramatic impact on the wine industry.
This is a difficult time for wine grape growers in California's Central Valley and around the state.
PORTLAND Ore. (KPTV) - It is peak harvest season for vineyards in the Willamette Valley but the wine industry is facing many challenges this year, including wine sales being down across the board. Now, some wineries are making adjustments.
After over two decades of steadily increasing spend levels, consumers in key alcohol consumption markets accelerated their more expensive tastes during Covid, motivated by additional unspent income and restrictions on travel and other leisure activities.