SpiritsMarket

U.S. Whiskey Producers Race to Stockpile Before EU Tariffs Take Effect

1 month ago

As the escalating trade tensions between the United States and the European Union continue to shape the global market, American whiskey producers are ramping up production in a bid to assuage potential impacts from looming tariffs. This urgency stems from an anticipated increase in import duties that could heavily affect the cost of American whiskey in the EU, a crucial export market.

Diageo Overhauls Sales Growth Targets Amid Looming US Tariff Tensions

2 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.

Campari Faces Profit Decline Amidst Adverse Weather and Softening Demand

6 months ago

Campari, the renowned Italian beverage company, has recently reported a decline in profits, attributing the downturn to a combination of unfavorable weather conditions and a notable decrease in consumer demand for its products. As the seasonal trends shift, this has raised significant concerns about the company's performance in the competitive spirits market.