Tag #Spirits Industry

Showing 1 to 12 of 12 results

forbes.com
🌐 85% Global Worthiness
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American Single Malt Whiskey: A New Category Emerges

In December 2024, the Alcohol and Tobacco Tax and Trade Bureau (TTB) formally recognized American single malt as a federally defined whiskey category, establishing key criteria and catalyzing a transformation in the spirits industry.

Progress

52% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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India's Rise as a Premium Single Malt Whisky Producer

India's premium whisky market, once dominated by mass-market blends, now boasts internationally acclaimed single malts due to economic growth and rising middle-class demand, resulting in increased domestic and export sales.

Progress

24% Bias Score

Decent Work and Economic Growth
theguardian.com
🌐 75% Global Worthiness
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Diageo's Tariff Losses Reduced, but Investor Confidence Remains Low

Diageo's projected profit loss from US tariffs decreased to \$150 million annually from an initial estimate of \$200 million due to tariff adjustments, impacting its Canadian, Mexican, UK, and EU exports; the company aims to mitigate half the impact and enhance profitability through cost savings and...

Progress

40% Bias Score

Decent Work and Economic Growth
edition.cnn.com
🌐 85% Global Worthiness
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EU Tariffs Strike US Whiskey, Threatening $700M in Exports

The EU imposed a 50% tariff on American whiskey in April in retaliation for US tariffs on steel and aluminum, impacting a US spirits industry that had seen a 60% export surge to the EU in the last three years to $699 million, following a recent slowdown in the US market and layoffs in the industry.

Progress

48% Bias Score

Decent Work and Economic Growth
euronews.com
🌐 75% Global Worthiness
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Diageo Withdraws Sales Guidance Amid US Tariff Uncertainty

Diageo plc's interim results for the half-year ending December 31, 2024, show a 0.6% decline in reported net sales to \$10.9 billion due to currency fluctuations, though organic sales grew by 1%. The company withdrew its medium-term sales guidance due to potential US tariffs on Canadian and Mexican ...

Progress

40% Bias Score

Decent Work and Economic Growth
t24.com.tr
🌐 65% Global Worthiness
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Turkey's 2024 Food and Beverage Scene: Boom and Bottlenecks

In 2024, Turkey experienced a boom in often-superficial gastronomy events, alongside significant Turkish investments in European wine and spirits production, highlighting both the industry's global potential and its challenges under restrictive domestic laws.

Progress

52% Bias Score

Responsible Consumption and Production
forbes.com
🌐 75% Global Worthiness
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American Rye Whiskey Renaissance: 12 Gold Medals at 2025 BevTest

Twelve American rye whiskeys received gold medals at the 2025 Beverage Testing Institute, with Heaven Hill's "Grain To Glass" winning best in show, signifying a surge in the popularity and quality of this spirit.

Progress

36% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Five American Single Malts Vie for World's Best Title

Five American single malt whiskeys—Triple Eight's Notch 15-year-old, Balcones' Mirador, World Whiskey Society's Wyatt Earp, and two from Stranahan's—are finalists for the 2025 San Francisco World Spirits Competition's World's Best American Single Malt Whiskey award, showcasing diverse production met...

Progress

36% Bias Score

Responsible Consumption and Production
nos.nl
🌐 65% Global Worthiness
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Dutch Distillery Hooghoudt Acquired by French Firm La Martiniquaise

The 137-year-old family-owned Dutch distillery Hooghoudt, based in Groningen, was acquired by the French spirits company La Martiniquaise, impacting 35 employees who will remain employed, despite emotional reactions to the sale, following years of financial difficulty due to decreased jenever consum...

Progress

40% Bias Score

Decent Work and Economic Growth
euronews.com
🌐 75% Global Worthiness
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Pernod Ricard Cuts Sales Outlook Amidst Weak China Performance

French drinks giant Pernod Ricard reported a 4% fall in organic net sales to €6,176 million for the first half of fiscal year 2025, primarily due to weak Chinese sales and unfavorable exchange rates; the company now expects low single-digit sales decline for the full year.

Progress

40% Bias Score

Responsible Consumption and Production
forbes.com
🌐 75% Global Worthiness
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Emperador Acquires Mexican Mezcal Maker to Offset Slowing Spirits Sales

Emperador, Andrew Tan's liquor company, purchased a 60% stake in Mexico's Destileria Los Danzantes for $3.8 million, adding Mezcal brands Los Danzantes and Alipus to its portfolio to offset slowing brandy and whisky sales, impacting its nine-month 2024 profit by 29%.

Progress

40% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 65% Global Worthiness
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American Whiskey in 2024: Consumer Passion Drives Innovation Amidst Market Challenges

In 2024, despite economic headwinds, American whiskey consumers maintained high knowledge and passion, driving innovation and a focus on brand storytelling; craft distillers face distribution challenges, emphasizing unique products and buzz; cask finishing and brand transparency are significant tren...

Progress

36% Bias Score

Decent Work and Economic Growth

Showing 1 to 12 of 12 results