As the gin boom cools in established markets such as the UK and Spain, growth opportunities emerge in a number of non-traditional markets, including Brazil and India. IWSR data shows that the UK and Spain have now reached ‘peak gin’, with volume consumption plateauing – but both markets are set to remain important sources of…
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Several restaurant groups have suffered heavy losses due to major restructuring programmes undertaken following the pandemic, according to UHY Hacker Young. Additionally, many of these restaurant groups’ debt repayments, particularly to landlords, has pushed them down into losses The restaurant sector had expected a post-pandemic recovery in profits, but this has been put on hold…
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IWSR data shows that pricing strategies by category, demographic and market will be more critical than ever for 1–5-year business growth plans, according to the drinks market analysts. In an increasingly complex and nuanced total beverage alcohol (TBA) space, brand owners will need to sharpen their focus on value in order to generate meaningful growth…
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Two of Ireland’s leading artisan drinks-producing families, Walsh Whiskey of Carlow and Dick Mack’s of Dingle, have collaborated to create a once-off, super-premium Irish whiskey, finished in a rare craft beer cask. The Irishman – The Harvest Brown Berry Beer Cask Finish is a triple-distilled, non-chill filtered, marriage of aged Single Malt and Single Pot Still Irish…
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New entrant, Casamigos, is the fastest-growing spirits brand, almost tripling in value since last year and is now valued at US$450 million, up 177 percent. After its sale to the UK-based multinational alcohol company Diageo in 2017 for around US$1 billion, George Clooney’s brand continues to perform strongly with tequila sales skyrocketing globally. Not…
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Chinese brand Moutai (brand value down five percent to US$42.9 billion) is again the most valuable spirits brand in the world, according to a new ranking from the world’s leading brand valuation consultancy, Brand Finance. The brand retained its top position in the Brand Finance Spirits 50 2022 table and continues to lead the sector with its…
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Proposals for an expanded whisky storage and warehousing development in Glenrothes are set to go out for public consultation, reports Scottish Construction Now. Scotch Whisky Investments (SWI) is bringing forward proposals for the delivery of single malt Scotch whisky storage warehouses with associated bottling, cooperage, and office facilities in Glenrothes. The international business, which is…
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Tequila is the latest category to join the pink liquid drinks trend, as producers explore different methods for giving their spirit a touch of colour, and sometimes additional flavour, according to a release from IWSR drinks market analysis. The global tequila category has enjoyed ongoing growth – after volume increases of 17% in 2021, the…
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Organic Architects can chalk another one up; its plans to transform a 200-year-old mill in Castletown into a destination whisky distillery have been given the green light. Dunnet Bay Distillers has submitted an application to Highland Council requesting permission to refurbish Castletown Mill and surrounding land, near the company’s headquarters. The restoration and fit-out of…
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Some farmers in the UK are experiencing their earliest ever barley harvest, with winter malting barley coming in at what has been budgeted for, according to Farmers Weekly. With the current dry, hot days in July, farmers are quickly harvesting as much as they can of the Electrum winter barley. Spring barley, however, is not…
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