New bill prevents price hikes for Michigan spirits
Michigan has signed a bill that caps the liquor board’s delivery fees, a move that will have a “long-lasting impact” on the spirits sector The post New bill prevents price hikes…
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The World Cup has Coca-Cola fizzing
Strong sales growth during the recent World Cup and rising demand for sugar-free beverages have helped Coca-Cola post an outstanding quarter, despite rising gas prices in the U.S.
Spanish Supermarkets Absorb €90m In Energy Costs - ASEDAS
Despite food and non-alcoholic beverage inflation dropping to 1.9% in June, Spanish supermarkets face significant uncertainty.
Once again, Moutai bumps up price of signature spirit
For the second time this year, China’s largest liquor maker, Kweichow Moutai, has hiked the price of its flagship product in a bid to bolster margins amid a broader baijiu slump…
Is rum’s premium moment finally here?
Rum is enjoying a revival, with high-quality expressions at various prices attracting consumers keen to experience a new world of flavours The post Is rum’s premium moment finally…
Multiple Challenges Face Italian Wine Sector, OIV Warns
Excessive inventories, product downgrading and price pressures are eroding the economic value of the Italian wine sector.
Stag’s Leap 1973 achieves new record auction price
A bottle of Stags Leap 1973, the wine that won the Judgment of Paris fifty years ago and put California on the fine wine map, has achieved a new world record, selling for more…
Bordeaux vineyard values plunge as wine sales fall below three million hectolitres
Land prices across Bordeaux's leading appellations have continued to slide as the region's prolonged wine crisis deepens, with annual wine sales dropping below the symbolic…
Estonians brace for alcohol retail price spike
Estonia’s new alcohol licence fees are due to affect drinks retailing. But will store owners avoid the cost or simply pass it onto customers? The post Estonians brace for alcohol…
Theatre, hospitality and social media: The new cocktail maximalism
As the global cost-of-living crisis pinches the on-trade, maximalist cocktails allow bartenders to offer a greater sense of value The post Theatre, hospitality and social media…
US restaurants pushing wine markups to six times cost
Restaurant wine pricing in the US has become "a particular pain point" for the category, according to Gino Colangelo, founder and president of Colangelo & Partners. The post US…
Irish whiskey to outpace Scotch in travel retail
The Irish whiskey category is gaining depth and a lengthening ladder of price points at airport shops outside of Ireland The post Irish whiskey to outpace Scotch in travel retail…