WASHINGTON (AP) - President Donald Trump launched a trade war Tuesday against America's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business.
Labels on wine, distilled spirits and malt beverages in the U.S. would be required to list alcohol content and nutritional information per serving, plus notification of potential allergens, under two new rules proposed Thursday by the Treasury Department.
What was once an underwhelming, flat, barely-drinkable substitute for the real thing, is now a booming industry and a truly crushable brew in its own right. We're talking, of course, about non-alcoholic beers.
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%).