18 July 2025
18 July 2025
The legislation was passed in 2023 and was due to be rolled out in May next year.
Speaking to Just Drinks, CEO and founder Jay Robertson said the group plans to remain focused on its home market.
The company said it “proactively pursued the opportunity to exit early to support its flexible grape sourcing strategy and inventory reduction”.
The group is launching two non-alcoholic spirits brands called La Borosa and Paravi17.
Powder Monkey Group said the deal is a “major step” in its “global expansion strategy and further consolidates its operations”.
Localising and automating supply chains will allow companies to mitigate the impact of tariffs and minimise resulting costs.
“One North America will modernise our company and improve our agility and marketplace competitiveness over time” - CEO Ramon Laguarta.
When Diageo announced Crew’s departure today, the company’s shares moved up by close to 5%. As the City absorbed the news that gain vanished.
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