North America falters but Johnnie Walker and Guinness shine – the key takeaways from Diageo’s H1 23 results
Just Drinks sets out the principal talking points from the London-spirits major’s half-year results.
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UK food and drink M&A down in 2022 – advisers
Inflation, availability of debt and cost of living are all to blame for lower number of deals – but tick-up is predicted for 2023.
UK bottler MacMillan Spirits unveils first spirits ahead of Benbecula Distillery launch
The new independent bottler is owned by Uist locals and father and son, Angus A. MacMillan and Angus E. MacMillan.
Italy winery Castello Banfi cements ties with namesake US importer in governance shake-up
Castello Banfi and US wine company Banfi Vintners have always worked together, having both been founded by the Mariani family, but until now it was an unofficial capacity.
E-commerce alcohol platform Speakeasy Co. secures fresh investment
Leading Speakeasy’s third financing round was InvestBev, an investment firm in the drinks industry that has backed businesses including Siempre Tequila.
The Juice Executive acquires UK peer Juice 4 Thought
“Juice 4 Thought and Juice Executive have well-aligned values around organic product quality and integrity” – The Juice Executive.
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E&J Gallo shutters California distribution operations
The sites will reportedly close on 1 March.
Danone moots sale of US organic dairy business
It said US businesses Horizon Organic and Wallaby had a “dilutive” effect on sales growth and are under strategic review.
US D2C wine sales drop for first time in over decade
“No winery, regardless of region or size, appears to have avoided the effects of a retreat from consumer wine spending in the shipping channel” – Sovos ShipCompliant and Wines Vines Analytics.
Australian consumers still facing double-digit grocery inflation
“Strong price rises were seen across most food and non-food grocery products,” the Australian government reported.
UK competition watchdog to hunt for ‘greenwashing’ on food, drink labels
The probe follows a similar investigation into misleading green claims in the country’s fashion industry.
“Dwayne is in this for the long haul” – Teremana Tequila CEO Richard Black on setting The Rock’s Tequila brand up for future success
Celebrity-backed brands are becoming ubiquitous but Teremana Tequila’s new CEO says Dwayne Johnson isn’t just looking to “make a quick buck”.
Fever-Tree sees domestic revenue dip on back of pre-Christmas strike action
“It was of course hugely frustrating that much of our Christmas trading was derailed by the industrial action” – Fever-Tree CEO Tim Warrilow.
JDE Peet’s to launch compostable coffee capsule
The company did not specify launch markets or timeframes for the line.
Why the CPG industry should invest more in diversity and inclusion
On the heels of the pandemic and two years of food inflation, the CPG industry needs renewal; a new commitment to innovation. It also needs to do the right thing.
“Australian wine needs to learn a lesson from China: do not put all of your resources into one market” – Giles Cooke MW
Australia must approach any return with caution as wine growers feel the heat of China’s hefty tariffs, Cooke said at Wine Australia’s annual trade tasting in London.