SpiritsIndustry

Rémy Cointreau Faces Leadership Change as CEO Éric Vallat Resigns

1 month ago

In a surprising turn of events, Rémy Cointreau, the renowned French spirits company, has announced the resignation of its CEO, Éric Vallat. The decision comes as the company seeks to navigate recent challenges in the global market and adapt its strategic direction. Vallat's departure marks a significant shift for Rémy Cointreau, a brand deeply associated with luxury and quality in the world of spirits.

Diageo Secures Ciroc Vodka Deal with LeBron James' Tequila Brand

1 month ago

In a groundbreaking partnership that underscores the growing influence of celebrity endorsements in the spirits industry, Diageo has announced a major deal involving its premium vodka brand, Ciroc. This collaboration marks a significant move in the competitive landscape of alcoholic beverages, particularly with the involvement of NBA superstar LeBron James and his burgeoning tequila brand, Lobos 1707.

Unraveling Tariff Tensions: How Trump's Trade Policies are Disrupting the Tequila Industry

3 months ago

Recent developments in U.S. trade policy, particularly under the Trump administration, have sent shockwaves through the tequila manufacturing industry. Tariffs initially levied on imports have resulted in unforeseen consequences that are reshaping the landscape for many producers. As Mexican tequila makers brace themselves for a tumultuous market, the implications of these tariffs are becoming increasingly pronounced.

Campari Appoints Industry Veteran Hunt as New Chief to Drive U.S. Expansion

6 months ago

In a significant leadership transition, Campari Group has officially announced the appointment of industry veteran Matt Hunt as its new chief executive officer. This strategic move is aimed squarely at bolstering the company's expansion efforts in the highly competitive U.S. market.

Pernod Ricard Transfers Nordic Spirits Brands to Royal Unibrew in Strategic Shift

7 months ago

In a substantial move within the beverage industry, Pernod Ricard, the global spirits giant, has announced the sale of several of its local Nordic spirits brands to the Danish brewing company Royal Unibrew. This transaction marks a significant strategic shift for Pernod Ricard as it refocuses its portfolio on more lucrative markets and brands while also streamlining its operations in the Nordic region.

China Imposes New Tariffs on European Brandy Amid Escalating Trade Tensions

7 months ago

In a significant move reflecting deteriorating trade relations, China has announced the imposition of tariffs on European brandy imports. The new levy, officially confirmed on October 8, 2024, is predicted to create considerable ripples across the global spirits market.