The wine industry has undergone an extraordinary transformation over the past 100 years, from a Eurocentric production hub to a globally diversified and internationally traded commodity which is now looking ahead to the second half of the decade as part of its strategic plan.
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In many ways, alcohol seems to be ahead of the curve when it comes to sustainability agendas. Wine producers around the world work on nature’s front line and are among the few sectors to have successfully high recycling rates globally via glass. Spirits have been at the forefront of experiments with alternative formats and zero waste projects.
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Pernod Ricard has partnered with local communities in London and Scotland for the tenth edition of its Responsib’All Day – an initiative set up with the aim of helping to protect and restore biodiversity around the UK.
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A new report issued by the IWSR is full of encouraging news for the international beverage industry. According to the organisation's Drinks Market Analysis, the value of global alcohol sales grew 12% last year to reach US$1.17 trillion, while volume rose by a more modest 3% in 2021.
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This year 2021 saw a partial recovery of global consumption after the doldrums of 2020, the OIV said in its latest update. However, 2022’s outlook is looking increasingly uncertain due to the turbulence posed by the global supply chain crisis, the war in Ukraine and mounting energy prices.
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Cognac house Courvoisier has embraced a striking new look for its range of spirits – a sleek, paired-back bottle design that “rediscovers distinctive codes from centuries past that made Courvoisier iconic during the Belle Époque era”.
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Multinational Pernod Ricard has posted record turnover from sales during the first half of the fiscal year (beginning July 2021), earning global revenues of €5,959m, with an organic growth of +17%.
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Gen Z investors are turning to fine wine to boost their finances in the wake of the pandemic.
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Leading auction house Christie’s has welcomed Adam Bilbey into its ranks, appointed as the new head of the wine and spirits department in Hong Kong.
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Ecommerce is to remain a key driver of value growth in global alcoholic drinks markets, with wine to the fore. Andrew Catchpole reports.
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James Lawrence reports on the main findings from the ninth annual Sopexa Wine Trade Monitor survey.
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Smirnoff and Johnnie Walker maker Diageo has launched a new global responsible drinking campaign aimed at urging people to know when to say enough’s enough this Christmas.
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Chilean producer Viña Concha y Toro's profits increased by 15% in the third quarter boosted by a better product mix, increases in its domestic market and real estate income which partially offset the global logistics crisis that affected shipments.
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Fine wine prices on Liv-ex 100, the fine wine trading platform’s top index, have enjoyed their most prolonged period of growth since records began – a phenomenon which has signalled “high investor confidence and a healthy market”.
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Premium wines emerging from the Languedoc are shifting perceptions on a global scale, as James Lawrence reports.
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The UK’s leading brands are showing positive signs of recovery in the wake of the Covid-19 pandemic, leaping in value by 22% to reach a new record high of $278.8 (£207 billion), according to Kantar’s BrandZTM Most Valuable UK Brands 2021 ranking. However, growth rates show they are lagging behind the biggest global brands.
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Gusbourne has appointed Simon Bradbury as director of its global sales, responsible for growing the reach of the Kent-based winery at home and abroad.
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Treasury Wine Estates’ (TWE) brands are joining the RE100 global renewable power initiative, a move which will see the company switch to 100% renewable electricity by 2024 across its global operations.
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South Korea is becoming an increasingly important destination for wine exporters, according to a recent study commissioned by Wine Intelligence.
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