German wine stocks at lowest levels since reunification
German wine stocks are at their lowest ever levels since reunification, with high demand also driving up prices. With an annual production of 9-10 million hl per year, German producers are already selling everything they produce within a year of harvest, said Steffen...
Creditors voting on CEDC restructuring plan that would hand control to Russian Standard’s Roustam Tariko
Going broke while dominating vodka sales in Russia and Poland may seem tough to do. A company founded by a Florida golfer, listed on Nasdaq Stock Market and until recently based in New Jersey, is almost there. Unable to repay $258 million in bonds due last month,...
Diageo’s deal for United Spirits in trouble
With the Bombay High Court allowing lenders to sell the shares pledged by Vijay Mallya's United Breweries Holdings (UBHL) as well as other group firms, doubts have risen over the Rs 11,000-crore deal structured by the billionaire in November 2012 with the world's...
Industrial going craft: Pernod Ricard launches Absolut Craft – category validation or serious threat to craft distillers?
Pernod Ricard USA, a US-based premium spirits and wine company and owner of the ABSOLUT VODKA brand, has launched a collection of flavored spirits - ABSOLUT CRAFT. The collection is co-created by Pernod Ricard master bartender Nick Strangeway for professional...
US criticizes EU restrictions on wine labels, saying they hinder US wine exports
The United States on Monday criticized the European Union's restrictions on wine labeling, saying they hinder US wine exports to the 27-nation bloc. The US Trade Representative's office said the EU's policy of seeking exclusive use of so-called traditional terms such...
Scotch exports hit by eurozone debt crisis
Scotch whisky exports edged up by just 1 per cent last year as changes to the rate of duty in France and the eurozone debt crisis continued to take their toll. Overseas sales hit £4.3 billion, a new record, but failed to match the 23 per cent rise reported in 2011...
New wine supply chain emerging? New bill to let wineries, restaurants, grocery stores and wine shops in Oregon dispense wine in consumer-supplied growlers of up to two gallons
Fans of Oregon craft beer can bring a reusable container known as a "growler" to their local brewery and fill up, and the Oregon wine industry wants in on that kind of trade. The state Senate raised a glass to the idea Thursday, voting unanimously to let wineries,...
Pernod Ricard is said to seek acquisitions in spirits and wine brands in the US and emerging markets
The world's second-largest alcoholic beverage group Pernod Ricard SA is looking for possible acquisition targets in the U.S. and in emerging markets, Les Echos newspaper reports Friday. "The two areas we are looking at the most is the U.S. and the emerging markets,"...
Around 45% of liquor buyers in Pennsylvania are bootleggers according to a LCB poll
The Keystone State’s Prohibition-era liquor laws encourage some residents to buy alcohol from other states and bring it back to Pennsylvania. It used to be called bootlegging, which refers to the illegal manufacture, sale or distribution of alcohol. Yet Pennsylvania...