Diageo Plc and Remy Cointreau SA reported sales that missed estimates, casting doubt over the outlook for distillers as growth slows in emerging regions. Diageo, the world’s biggest liquor maker, said frailty in markets including China will weigh on growth this year after posting an unexpected drop in third-quarter revenue. (Bloomberg BusinessWeek)
New Belgium Brewing is officially breaking ground and starting construction on its second brewery—a 133,000 SF brewery and tasting room. At full build out, New Belgium will brew 500,000 barrels annually and support upwards of 140 jobs. The groundbreaking includes a private ceremony on May 1 and a public celebration on May 2.
At-home soda maker Sodastream International is in early talks to sell a stake of up to 16 percent to a strategic entity, Israeli financial news daily Calcalist reported on its website. U.S. shares of Sodastream rose as much as 12 percent to $42.25 on Wednesday after the website identified PepsiCo Inc, Dr Pepper Snapple Group or Starbucks Co as the potential investors in the Israel-based company. (Reuters)
Grey Goose vodka announces the launch of its newest innovation in the U.S., Grey Goose Le Melon flavored vodka. Crafted by Grey Goose Maitre de Chai (Cellar Master), Francois Thibault, Grey Goose Le Melon is a combination of Grey Goose vodka and the prized essence of ripe, juicy Cavaillon melons.
Global Beer Network, the exclusive U.S. importer for 10 award-winning breweries, is celebrating its 20th anniversary by throwing a nationwide series of parties and benefit events. The company and its fans are marking the occasion with a first-ever traveling Belgian Beer Chalice.
An exhibition exploring the rich heritage of Scotland’s national drink is open to visitors to St Giles Church Elgin April 17 through May 5. The Scotch Whisky: From Grain to Glass exhibition is taking center stage at the Spirit of Speyside Whisky Festival.The exhibition was originally created by the Scotch Whisky Association (SWA) to mark the trade body’s Centenary in 2012 and was displayed at The Scottish Parliament in Edinburgh and the Mitchell Library in Glasgow. Thanks to the Spirit of Speyside Whisky Festival it will now be seen by a new audience visiting the world-famous Scotch whisky producing region. Entry to the exhibition is free.