Australia's largest wine producer has slashed the value of its US business amid weakening demand. The move deepens investor concerns after a year of heavy share price losses.
Diageo appointed former Tesco boss Dave Lewis as its CEO on Monday, ending a months-long search and turning to an outsider to revive growth at the world's largest spirits maker during a challenging period.
Total beverage alcohol (TBA) consumption volume declined by 1% during H1 2025 compared to the same period the year before, according to the IWSR.
However, surveying the top twenty key markets, the IWSR said that TBA value largely remained steady.
Community, bold flavours, and innovative branding have always existed in the craft beer industry. However, by 2025, brewing innovation will not just be the use of hop combinations or experimental yeasts, but it will also be the technology that defines each step of the process.
The number of US craft distilleries plunged by a quarter in the 12 months to August 2025, with California suffering the biggest drop.
The American Craft Spirits Association (ACSA) released its 2025 Craft Spirits Data Project, an annual report on the state of the US craft distilling sector in partnership with Park Street.
Trade associations representing hundreds of distilleries UK-wide have penned an open letter to the Chancellor Rachel Reeves, calling on her to support spirits producers with a multi-year duty freeze in November's Budget.
The global wine industry is experiencing its first "demand-based correction" after three decades of sustained growth, according to the Silicon Valley Bank's State of the Wine Industry Report 2025.
Wine consumption in the US has been declining. Now a research survey by Wine Opinions confirms that value and pricing are major factors inhibiting growth of wine consumption among the 21-to-39-year-olds who consume alcoholic beverages.
With an array of software available, the spirits industry has to decide whether to embrace advancements in technology or not.
The Wine Group (TWG) has acquired several premium and ultra-premium wine brands from Constellation Brands in a move that broadens its portfolio and operational reach.