Global spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits.
Global spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits.
French cognac maker Rémy Cointreau
on Wednesday became the latest spirits maker, following Diageo
and Pernod Ricard
, to withdraw its sales targets on increased economic and trade uncertainty.
With Americans drinking less alcohol and international trade affecting exports, some distilleries are filing for bankruptcy.
Guidelines restricting spending by officials are trimming profits for one of China’s strongest brands – but there’s little the…
New CEO Franck Marilly looks to faster growing markets as downturn leaves drinks group sitting on huge stockpile of spirits
Les Français ont de nouveau réduit leur consommation de spiritueux en 2024, ajoutant aux difficultés du secteur à l’export, qui…
Spirits stocks pared reversed early gains Monday as uncertainty around their tariff exposure seeped in.
Consumers will feel it in two ways: higher costs and fewer choices.
