liquor industry – News Stories About liquor industry - Page 1

Dec 9, 2023 1:55 PM CST

Cognac Boom Is Having a Hangover

Experts cite economic anxiety and a thirst for cheaper tequila for cognac's downturn

(Newser) - After a pandemic boom in the luxury cognac market, Americans aren't toasting with it as much these days. Bloomberg reports that brands are seeing sharp declines, with one of the top makers, Remy Cointreau, down 43% in profits this year. Rather than raise prices on their already pricey bottles,...

An American Shift: Spirits Gain Edge on Beer

America Is Thirstiest for Liquor

Feb 9, 2023 5:45 PM CST

America Is Thirstiest for Liquor

'Cocktail culture' triumphs in new market data

(Newser) - Producers of spirits have new bragging rights in the age-old whiskey vs. beer barroom debate. As the AP reports, new figures show that spirits surpassed beer for US market-share supremacy, based on supplier revenues, a spirit industry group announced Thursday. The rise to the top for spirit-makers was fueled in...

Costco Fights
Washington
Liquor Laws

Jun 18, 2010 5:05 PM CDT

Costco Fights Washington Liquor Laws

Big-box retailer seeks to cut middleman, boost profits

(Newser) - Costco is out to change the face of alcohol distribution—and, not coincidentally, sell booze at the same steep discount it applies to everything else. It’s starting with a push in its home state of Washington, where the retain giant has pumped $500,000 into a campaign to change...

In Poor Economic
Climate, Whiskey Sells

EARNINGS REPORT

Dec 5, 2008 5:16 PM CST

In Poor Economic Climate, Whiskey Sells

(Newser) - Amid dire economic projections, the maker of Jack Daniel’s Tennessee whiskey is having a banner year, the LA Times reports. “We had a nice quarter,” Brown-Forman’s CEO said of sales and income that bested Wall Street estimates. Even a bad employment report today couldn’t sink...

Pernod Spirits High
After $8.3B Absolut Buy

Mar 31, 2008 9:14 AM CDT

Pernod Spirits High After $8.3B Absolut Buy

French company pays $8.3B for premium vodka brand

(Newser) - French liquor giant Pernod Ricard's spirits were soaring after its $8.34 billion bid won it ownership of Sweden's state-owned Vin & Spirit, the parent company of Absolut vodka. Pernod topped US-based Fortune Brands in an auction for the purchase, the Wall Street Journal reports, and is now the wine...