Demand drop leaves drinks makers with lake of unsold spirits
Groups are halting production and cutting prices to shift stock as sales declines accelerate in key markets
Groups are halting production and cutting prices to shift stock as sales declines accelerate in key markets

There are no easy solutions to the global glut

Data suggests the trend is being driven by more moderate drinking habits rather than teetotalism

Higher production, lower consumption and plunging profits threaten factory closures

Guinness maker’s struggles come as company continues search for new chief executive

Profits at maker of Guinness and Johnnie Walker fall by almost 30 per cent amid downturn in alcohol sales

Drinks maker’s new focus on fast-growing ‘ready to drink’ beverages marks shift in strategy