ICELAND. The raising of taxes on alcohol from 1 January – including on products sold in duty free shops – has sparked industry concern in Iceland about the competitiveness of the travel retail channel.
Dubai has scrapped a 30% tax on alcohol and will no longer charge tourists or expats for permits to buy alcoholic drinks as the emirate tries to attract more foreign workers and visitors in the face of growing regional competition.
Mexican tequila exports reached record-breaking levels this year, according to data from the Ministry of Economy and the Agricultural Markets Consulting Group (GCMA).
Sales have been steadily growing over the last decade, from US $849 million in 2012 to over $3.6 billion between January and October this year, a 34.1% increase over the same period in 2021.
Alcohol duty hikes will be put on ice for another six months until August in a boost for the hospitality trade.
The Treasury is expected to confirm today that it will delay a planned increase to booze levies which had been due to come into force in February.The cost of going out drinking has increased ahead of Christmas, with wine, gin and whisky prices rising.
All alcohol prices rose last month at pubs, restaurants and cafes, with the cost of bitter and lager also up.
Pubs and breweries will face major financial losses and many will be forced to shut if the energy bill relief scheme is not extended for them beyond 31st March, new research shows.
Nip of Courage Wholesale (NOCW) has launched an online ‘Supplier Review Scorecard’ which allows for communication better NOCW and distilleries and highlights areas where a distillery is working well and other areas that could be improved.
Wednesday marks 100 years since Norway's Vinmonopolet was established, with the state-owned wine monopoly becoming a national institution in its century-long existence.
UK restaurants are going bust at a faster rate than during the Covid crisis owing to a "toxic mix" of surging energy costs, staff shortages and falling bookings.
Last week the Government of the Northwest Territories (GNWT) passed Bill 53, An Act to Amend the Liquor Act, to address various administrative matters.