Over the last five years, Scotch whisky has remained resilient against challenges such as retaliatory tariffs, a global pandemic and knock-on economic pressures, says the Scotch Whisky Association, in a new economic impact report.
Diageo’s first half results for fiscal 24 were dragged down by a 23% drop in Latin America sales. What happened – and how will the company shift its strategy moving forward?
Diageo has signed and completed the sale of Windsor Global, a subsidiary of Diageo which owns the Windsor business and associated intellectual property, to Korean company PT W Co., Ltd.
Diageo has announced two regenerative agriculture programs across its tequila and scotch brands: focused on reducing carbon emissions of farming barley, wheat and agave.
Consumers are drinking less alcohol but turning to more premium options, says the Scotch Whisky Association as it releases export figures for the first half of 2023.
Pernod Ricard has entered into an agreement in principle with Stock Spirits Group to sell the Clan Campbell Blended Scotch Whisky brand to the Polish spirits and liqueur company.
Post-pandemic restocking, the return of Global Travel Retail and premiumization trends all helped global exports of Scotch whisky reach £6.2bn ($7.6bn) in 2022.
The Scotch Whisky Association (SWA) has successfully registered 'Scotch Whisky' as a certification trademark in the US - the industry’s largest global market, worth almost £800m ($982m) a year.
Chivas Brothers, the Scotch Whisky business of Pernod Ricard, will make a £88m ($110m) investment into two strategic Speyside single malt distilleries: with a focus on upgrading sustainable technologies and building production capacity to meet the global...
Global exports of Scotch Whisky grew to £4.5bn ($6.1bn) during 2021 as the industry continues to recover from the impact of the pandemic and US tariffs, according to figures released this month by the Scotch Whisky Association (SWA).
Premiumization has been a key trend for spirits for years: but the pandemic has helped accelerate growth, according to the Distilled Spirits Council of the United States (DISCUS).
Beverage alcohol associations from both the US and EU are calling for an immediate end to tariffs on spirits and wine: “We are united in our opposition to tariffs and clear in our view that there are no winners in a trade war."
Scientists in Scotland have identified the gene in barley which is responsible for drought resistance, which could help the Scotch whisky and wider cereals industry respond to climate change.
French spirits group La Martiniquaise-Bardinet has bought Scotch whisky brand Cutty Sark from Scottish premium spirits company Edrington, as it seeks to expand its international reach.
The Scotch Whisky Association (SWA) will phase out use of plastic straws and stirrers, following similar commitments made by Diageo, Pernod Ricard and Bacardi.
Adelphi Ardnamurchan has signed a three-year deal with Advanced Research Cryptography (Arc-net) to use its blockchain platform on its limited edition bottles and other products, to protect it from fraud.
Scotland is emphasising the need to protect the Scotch whisky industry following Brexit, calling for the current EU definition of whisky to be applied into UK Law.
Johnnie Walker is the world’s most valuable whisk(e)y brand, while Bud Light tops the charts in beer. But 2017 is the year of Baijiu brands, says Brand Finance, with the Chinese drink now accounting for a greater share of brand value than any other spirit...
The number of 70cl Scotch Whisky bottles released for sale in the UK in the first three quarters of 2016 totalled 57.2 million, up 5.6% from the same period in 2015, according to figures from HM Revenue and Customs (HMRC).
Diageo reported a strong sales gain for the second half of 2016 due to rising global demand for Scotch and whiskey following increased marketing efforts in the US.
The Rémy Cointreau Group has announced the closing of the Westland Distillery acquisition, helping expand its portfolio in the fast growing high-end single malt whiskey category.
Australia’s newest distillery start-up has been using crowdfunding to bring to market a dry gin made from a wealth of local botanicals developed with the help of Scottish whisky master distiller Jim McEwan.
Diageo Scotch whisky brand Buchanan’s has launched a new national marketing campaign named “Es Nuestro Momento,” targeting Latino consumers, who have significantly contributed to the company’s growth in the US.
Britain has voted to leave the European Union, and the negotiation of new trade agreements will be a key area of focus for the wine and spirits industries.
Brown-Forman Corp. has agreed to purchase The BenRiach Distillery Company for approximately $416m. The deal will add three Single Malt Scotch Whisky brands to Brown-Forman’s product portfolio: The GlenDronach, BenRiach, and Glenglassaugh.
Two Speyside whisky producers have been given the green light to start work on multi-million pound distillery expansion projects to meet global demand.
The Scotch Whisky Association’s (SWA’s) new London office, will help to grow exports of Scotch, currently worth £4bn a year, while boosting jobs across the UK, claims the association.
Catto’s, part of International Beverage Holdings Ltd (IBHL), has partnered with Ardagh Group and JDO Brand & Design to relaunch its Scotch whisky bottle targeting a younger audience.
Diageo says Crown Royal Regal Apple has been the star of the show in its North American whiskey portfolio, helping attract new consumers to the category thanks to its versatility.
Bacardi says a biomass boiler at a whisky distillery has cut its carbon footprint by 90%, while SodaStream is running a $2.75m advertising campaign on the streets of three US cities. Meanwhile, Corona is gearing up for its next Sunset festival… read on...
Sinking whisky exports underline the need for the next government to press for more open markets and ambitious Free Trade Agreements (FTAs), urges the Scotch Whisky Association (SWA).
Beckham ‘no longer likely to hold such appeal to children’: ASA
Diageo chief Ivan Menezes today talked up the company’s turnaround plan for ‘challenged market’ China – where the company is betting on Beckham-backed Haig Club whisky and lower-cost baijiu - but volume sales still fell 20% year-on-year in H1 2015.
spiritsEUROPE revealed today that it has written to the Bulgarian Finance Minister asking him to delay a duty strip stamp change, which it warns could cost premium spirits producers.
Weakening global demand for Scotch whisky could put the brakes on Diageo’s plans to upgrade its northern distilleries as part of the business’s £1bn expansion plan announced in 2007.
