Craft distillers hope to tweak state law to be able to charge for tastings and sell bottles – larger wholesalers oppose
In a 65,000-square-foot structure that once housed Navy fighter jets, Lance Winters of St. George Spirits makes popular Hangar One vodka, along with gin, bourbon, rum, whiskey, liqueurs and even absinthe. Unlike vast distilleries in Kentucky and Tennessee that make...
USVI appeals to CARIFORUM in rum dispute
The United States Virgin Islands have now turned to moral suasion in an attempt to get fellow rum producing nations in the Caribbean Forum nation to back down from plans to take their ongoing dispute before the World Trade Organisation (WTO). United States Virgin...
Sobieski owner Belvedere taken over by bondholders in debt deal
Belvedere SA (BVD), the French maker of Sobieski vodka part-owned by Bruce Willis, will be taken over by its bond investors after a court approved a restructuring plan. Holders of its 375 million-euro ($486 million) floating- rate notes due May 2013 will get 87...
In a historic vote, the House of Representatives has passed a bill that would privatize the sale of wine and hard liquor in Pennsylvania
In a historic vote, the House of Representatives has passed a bill that would privatize the sale of wine and hard liquor in Pennsylvania. After seven hours of debate, the House voted 105-90 to approve the measure, which calls for gradually selling off licenses to the...
Despite a cutback in premium spirits across southern Europe, Gin is proving a surprising tonic for producers
As record unemployment worsens in debt-ridden Spain, consumers are seeking solace in a bottle of gin. The country's recent economic woes hit liquor demand hard. Spain saw a 5.1% drop in consumption between 2006 and 2011, the most recent year for which data are...
Spirits giants toast high-end clientele – focusing on aspirational drinkers and wealthy individuals in fast-growth markets is a priority for liquor companies
Whiskey at $120,000 a bottle might not be everyone's drink of choice, especially amid a global economic downturn. But that doesn't matter to drinks giant Diageo DGE.LN -0.62% PLC: The company is offering the exclusive tipple only to a group of 200 VIP patrons,...
Heavy drinkers get extra jolt of brain energy from booze, Yale study finds
It is a well known fact that side effects of heavy drinking can often lead to impaired brain activity, poor motor skills and even changes in behaviour. But a new study from Yale University suggests that heavy drinking may actually accelerate the body’s ability to turn...
CEDC scraps bond offer, extends bankruptcy deadline
Central European Distribution Corp , one of the world's largest vodka producers, said it has scrapped a bond exchange after a rival company owned by its chairman made its own offer for the same notes. Roust Trading Ltd, owned by Russian billionaire and CEDC Chairman...
Alcohol volume sales in the UK have fallen by 3% in the off-trade and 4% in the on-trade in 2012 driven by year-on-year alcohol duty rise
Alcohol volume sales in the UK have fallen by 3% in the off-trade and 4% in the on-trade in 2012 driven by year-on-year alcohol duty rises, according to a market report by UK-based organization for the wine and spirit industry Wine & Spirit Trade Association...