Americans are drinking cheaper vodka and Chinese consumers are giving up high-end Scotch whisky. Both trends are bad news for Diageo PLC, the world's biggest liquor company by sales. The maker of Johnnie Walker Scotch and Smirnoff vodka on Thursday posted a sharp fall in full-year profit. Diageo blamed a dramatic collapse of demand in China—where sales of high-price Johnnie Walker Black Label fell nearly 30%—and problems in other emerging markets for the decline. (WSJ)
Global coffee production could fall short of demand next season by the largest amount in almost a decade due to smaller harvests in Brazil, the International Coffee Organization said Thursday. Arabica-coffee futures ended in bull-market territory, following slumping forecasts for Brazil's production, the world's largest coffee grower and the source of one-third of the world's beans. A bull market is when prices gain 20% or more from a recent low. (WSJ)
drinktec, the World´s Leading Trade Fair for the Beverage and Liquid Food Industry, is now flying the flag in South America, too. This has come about through a cooperation with Brasil Brau, the Beer Technology International Fair, which takes place in São Paulo, Brazil. Both trade shows will in future be working closely together. The details of the cooperation have been set out in a Memorandum of Understanding. These include, for example, the addition of the words "powered by drinktec" to the name of Brasil Brau, as is already the case with China Brew & China Beverage (CBB).
Tempus Fugit Spirits, the brand that has revitalized spirits and liqueurs from the pages of history, starts a new chapter by electing Anchor Distilling Company as importer of their portfolio of small-batch absinthes, vintage-style liqueurs, and historic Abbott’s bitters.
Branded Spirits raises a glass to the introduction of its five premium alcohol brands to the U.S. this July following three successful years of distribution in Hong Kong and China. The sourcing and distributing company of small-batch artisan liquors launches five spirits in Chicago: Ice Fox vodka, Hana gin, Motu rum, HM The King blended Scotch whiskey, and two cognacs – Majesté XO and Majesté VSOP.
FIJI Water has been named the official water for the 66th Primetime Emmy Awards Red Carpet and the Governors Ball. FIJI Water will be served exclusively at both Monday, August 25 events, celebrating television’s biggest night.