Laptops down, drinks up – here's the distilled news from this week you need to know
The Spirits Business
The world's leading international magazine for the spirits trade
Martell owner Pernod Ricard posted a 3% full-year sales drop, with China and the US taking the blame.
The company behind White Claw will cut 143 jobs at its US facility in New Jersey and pause production from October.
Jack Daniel's owner Brown-Forman suffered a 59% first-quarter sales drop in Canada after retailers removed American alcohol.
The dormant Coleburn Distillery will reopen in Scotland’s Speyside, with master distiller Keith Cruickshank at the helm.
Things are moving on apace in the Middle East, with producers of alcoholic and non-alc brands targeting growth in the region.
England-based Nelson’s Distillery & School has ceased trading after failing to find a buyer and sold its assets at auction.
French firm Rémy Cointreau has lowered its estimates for the net overall impact of tariffs on profits to €30 million (US$35m).
Diageo will shut its Crown Royal bottling facility in Ontario by February 2026 as part of its cost-saving Accelerate programme.
With the waning of the gin boom, producers are looking to fresh ideas and under-served markets to promote their brands.
The Spirits Victoria Association has released a government-backed plan that aims to help the region’s distillers scale.
Espresso singer Sabrina Carpenter has agreed to a multi-year global partnership with Johnnie Walker.