EU challenges Chinese tariffs on brandy exports at WTO
Nov 25, 2024 · The dispute has sparked concern in France, where the country’s makers of Cognac count China as a key export market. A formal request by the EU for consultation was lodged at the WTO in Geneva today (25 November), marking the first step in the organisation’s dispute settlement process.
LVMH ‘suspends Hennessy China bottling plan’ - Just Drinks
Nov 26, 2024 · LVMH has reportedly “suspended” its controversial plan to ship Hennessy Cognac in bulk to China for bottling. According to specialist French news site Terre de Vins, the luxury-goods group has halted the plan, drawn up in response to tariffs imposed by China but which has sparked anger in the Cognac region.
Just Drinks - Beverage Industry News | Market Research
The C-suite meets Just Drinks – our most-read interviews in 2024. Our series of interviews with senior executives in the global drinks industry caught the eye once more in 2024.
South Africa Wine calls on government to rethink duty proposals
Nov 28, 2024 · “A variation of this option could consider a minimum inflationary adjustment plus a maximum of up to four percentage points above inflation.” The government also proposed taxing wines based on “absolute alcohol content” instead of by volume of the drink, which it said would “provide positive incentives for both producers and/or …
Diageo “to pause” Crown Royal distillery construction in Canada
Nov 21, 2024 · Diageo confirmed it has "decided to pause the development" of the Crown Royal distillery in St. Clair Township, Ontario.
Pernod Ricard combines whisky and sake in Chivas NPD
Oct 3, 2024 · Pernod Ricard has launched a new spirit drink combining its Chivas Regal blended Scotch whisky and a Japanese sake from the Masuizumi sake brewery.. The 12-year aged Chivas Regal Takumi Reserve has launched exclusively in Asia, specifically in …
Rémy Cointreau backs packaging group EcoSpirits as sales slump
Nov 28, 2024 · France-based liquor group Rémy Cointreau has become the latest major drinks player to invest in circular packaging company EcoSpirits. The news was announced today (28 November) as the family-owned business released its half-year 2024/25 financial results, which recorded a dramatic fall in sales and profits.
Butterfly Equity to buy US wine group The Duckhorn Portfolio
Oct 7, 2024 · Under the terms of the deal, The Duckhorn Portfolio’s shareholders will receive $11.10 per share in cash. The Decoy wine maker said that represented a “premium” of just over 65% to the volume-weighted average share price of its common stock during the 90-day trading period ending on Friday (4 October).
PepsiCo to shut bottling plant in Chicago - just-drinks.com
Oct 29, 2024 · “The decision to no longer operate at 51st Street is a difficult one. This is a more than 60-year-old building that has physical limitations,” PepsiCo said in a statement sent to Just Drinks.. PepsiCo did not answer this publication’s questions regarding what the facility manufactured, to where production will be relocated and the impact on jobs.
Diageo bets on new drinking Rituals - Just Drinks
Oct 1, 2024 · Richard Wyborn, a partner at UK-based food-and-drinks consultancy Food Strategy Associates, welcomed Diageo’s latest move. “It fits nicely into the portfolio, it’s premium, growing quickly – one of the fastest-growing private companies in the US per Inc 5000 – and targets the younger demographic who are drinking less alcohol,” he told Just Drinks.