Here’s a round-up of this week’s highlights in the global spirits & wine categories. We are also running similar round-ups for beer and soft drinks & bottled water.
An analyst has said that Cognac is headed for a “dead-cat bounce” in the next six months as the current downward trends reverse into a slight upward blip.
Australia’s wine exports posted a slight volumes rise in the last 12 months, but sales by value were flat, according to latest figures.
Edrington and Beam Suntory have called time on their Travel Retail sales, marketing and distribution joint venture, but have strengthened their ties in a raft of European markets.
Diageo is looking to crack India’s RTD market with the launch of Smirnoff Ice and its stronger variant, Smirnoff Black, in the country.
Pernod Ricard has trumpeted a return to sales growth in its first quarter, despite a “mixed performance” in Europe.
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By GlobalDataSpirits volumes in the US on-trade returned to growth in the third-quarter, while craft brands continued to grab share, according to new figures.
The rise of ‘craft’ continues, with new spirits brands riding the wave in the US. One such overnight success in Tito’s Handmade Vodka, which has seen sales soar in the last couple of years. The downside, however, has been that the brand has caught the eye over its craft claims. Richard Woodard considers the evidence.
Treasury Wine Estates (TWE) has unveiled a new strategy to boost its Global Travel Retail sales as it claims the channel for wine producers is “underdeveloped” and has a “lack of focus”.
