The new Republican tax law counts on a small, little-known federal agency to ensure a tax provision aimed at helping small liquor producers does not become a loophole large foreign distillers can exploit.
At issue is the law's tax cut for hard liquor producers, dropping a tax from $13.50 per proof gallon (a measure of the liquor's quantity and alcohol content) to $2.70 per proof gallon.
Dive Brief: Constellation Brands has purchased a minority interest in the Copper & Kings American Brandy Co., an independent distiller of brandy, absinthe and gin products, according to the Kentucky Distillers' Association. Financial details were not announced.
How much do you know about the science that goes into making bourbon? One would think the citizens of Kentucky — the epicenter of the corn-based whiskey — would know more than the average Joe on the topic.
Constellation Brands isn't quite sure whether legal cannabis is friend or foe to the alcohol industry. Either way, it wants in.
The Middle East poses many obstacles for drinks brands, including crippling taxation hikes and black and grey channels. Tom Bruce-Gardyne finds out how companies are tackling this dichotomous and multi-faceted market.
HONG KONG] Tsingtao Brewery led a jump in Chinese beer stocks, surging the most in more than a decade after a report beermakers have increased prices by as much as 20 per cent.
Tsingtao surged as much as 23 percent in Hong Kong Friday, while China Resources Beer (Holdings) climbed as much as 12 percent.
In time for Dry January, Borough Wines has launched an alcohol free ‘gin’ that mimics the aromatic profile and complexity of the spirit, priced at £20 a bottle.
Called Labdanum, the 0% alcohol ‘spirit’ is made by Surendran & Bownes and is designed to give “discerning drinkers a detox-friendly spirit alternative”.
Multi-billion pound drinks giant Diageo has suspended all its ads on Snapchat after the UK's advertising watchdog ruled that the alcohol firm couldn't be 100% sure its ads weren't being seen by underage users.
We first saw the news via The Wall Street Journal.
While parts of the alcohol industry have come under increased pressure over recent years, sparking a wave of consolidation among the likes of pub operators, distillers and brewers have proven to be resilient in both bull and bear markets, with strong market fundamentals sustaining demand for a tipple.
A market supported by booming population growth.
At the end of 2017, the U.S. Congress passed the first major tax reform legislation since 1986, and that legislation – the Tax Cuts and Jobs Act, which was signed into law by President Trump – will affect individuals and businesses across the country.
