In a historic vote, the House of Representatives has passed a bill that would privatize the sale of wine and hard liquor in Pennsylvania
In a historic vote, the House of Representatives has passed a bill that would privatize the sale of wine and hard liquor in Pennsylvania. After seven hours of debate, the House voted 105-90 to approve the measure, which calls for gradually selling off licenses to the...
Despite a cutback in premium spirits across southern Europe, Gin is proving a surprising tonic for producers
As record unemployment worsens in debt-ridden Spain, consumers are seeking solace in a bottle of gin. The country's recent economic woes hit liquor demand hard. Spain saw a 5.1% drop in consumption between 2006 and 2011, the most recent year for which data are...
Spirits giants toast high-end clientele – focusing on aspirational drinkers and wealthy individuals in fast-growth markets is a priority for liquor companies
Whiskey at $120,000 a bottle might not be everyone's drink of choice, especially amid a global economic downturn. But that doesn't matter to drinks giant Diageo DGE.LN -0.62% PLC: The company is offering the exclusive tipple only to a group of 200 VIP patrons,...
Heavy drinkers get extra jolt of brain energy from booze, Yale study finds
It is a well known fact that side effects of heavy drinking can often lead to impaired brain activity, poor motor skills and even changes in behaviour. But a new study from Yale University suggests that heavy drinking may actually accelerate the body’s ability to turn...
CEDC scraps bond offer, extends bankruptcy deadline
Central European Distribution Corp , one of the world's largest vodka producers, said it has scrapped a bond exchange after a rival company owned by its chairman made its own offer for the same notes. Roust Trading Ltd, owned by Russian billionaire and CEDC Chairman...
Alcohol volume sales in the UK have fallen by 3% in the off-trade and 4% in the on-trade in 2012 driven by year-on-year alcohol duty rise
Alcohol volume sales in the UK have fallen by 3% in the off-trade and 4% in the on-trade in 2012 driven by year-on-year alcohol duty rises, according to a market report by UK-based organization for the wine and spirit industry Wine & Spirit Trade Association...
‘No chance of a glut’ say NZ winemakers as they celebrate bumper crop
Many New Zealand winemakers, excited at the prospect of an outstanding 2013 vintage and a chance to replenish stocks after the low grape haul in 2012, are playing down talk of a glut. 'Stunning' summer weather and a dry autumn may be causing drought issues in some...
Craft Beer is now a $10bn category
Craft beer is now a $10 billion category. As part of its annual report on the state of the U.S. craft beer industry, the Brewers Association (BA) — a trade group representing small and independent brewers — indicated that U.S. craft beer volumes reached an all-time...
Yucaipa taps into U.S. Craft Beers – invests in startup that will spend over $100 million to help brewers boost capacity
Ron Burkle's Yucaipa Cos. is the latest investment firm to tap the small but fast-growing craft beer industry, taking a majority stake in a startup company that plans to spend more than $100 million to build five new breweries. Instead of brewing its own beer, Brew...