AlcoholIndustry

Decline in Beer Sales Among Hispanic Consumers Linked to Trump Policies

3 days ago

Recent reports indicate a troubling decline in beer sales within the Hispanic community, a trend that industry experts attribute to the lasting impact of former President Donald Trump's policies. As the demographic's purchasing power evolves, shifts in preferences and political sentiments are reshaping the consumption of alcoholic beverages.

Alcohol Industry Breathes a Sigh of Relief as Trump Tariffs Postponed

17 days ago

The alcohol industry has recently dodged a significant financial bullet as President Donald Trump has decided to delay the implementation of proposed tariffs. Initially, these tariffs were aimed at an array of goods, including alcoholic beverages, but for now, stakeholders in the liquor sector can breathe a sigh of relief as the economic impact has been temporarily mitigated.

Diageo Sells Off Third African Brewery in Less Than a Year: What's Next?

18 days ago

In a significant shift in its business strategy, British alcoholic beverage giant Diageo has finalized the sale of its third brewery in Africa within the span of just a few months. This latest divestment involves its interest in the Uganda Breweries, a notable player in the East African market. The decision has sparked discussions around the company's future plans and its strategic focus moving forward.

India Braces for Impact as the US Set to Impose Tariffs on Whiskey Imports

26 days ago

As the global whiskey market continues to evolve, India finds itself at a critical junction with the impending imposition of tariffs by the United States. This development poses significant challenges for India, which has rapidly emerged as one of the largest whiskey markets in the world. Industry stakeholders are bracing for a potential downturn as they navigate this complex landscape.

Cognac Producers Call for Urgent Talks with China Amidst Major Financial Losses

2 months ago

In a distressing turn of events that has sent ripples through the cognac industry, French producers are facing significant financial setbacks as they grapple with plummeting exports to China. The group representing these cognac makers has made a public appeal to the French government to expedite diplomatic discussions with China to mitigate the situation, which has seen sales decline dramatically over recent months.

Diageo Overhauls Sales Growth Targets Amid Looming US Tariff Tensions

3 months ago

In a significant shift in strategy, Diageo, the world's largest spirits maker, announced the removal of its sales growth targets for the upcoming years. This decision comes in light of the pressing challenges posed by an escalating tariff battle in the United States, which has raised concerns over the company's revenue outlook.