India: Pernod Ricard seeks to boost revenue through premium whisky
Wine and spirits multinational Pernod Ricard has announced plan to triple its revenue in India over the next decade by strengthening its position in the premium whisky market. The strategy includes the launch of Royal Stag Double Dark Peaty Whisky and Blenders Pride Four Elements Premium Whisky, following release of Longitude 77, the company’s first […]
South Africa: KWV acquires Red Heart Rum from Pernod Ricard
Wine and spirits group KWV has announced the acquisition of Red Heart Rum from spirits major Pernod Ricard for an undisclosed sum. This acquisition marks KWV’s entry into the rum category, diversifying a spirits portfolio that already features Cruxland Gin, Wild Africa Cream and Ponchos Tequila. Commenting on the acquisition, KWV CEO John Loomes said: […]
Australia: Treasury Wine Estates to offload commercial portfolio
Treasury Wine Estates (TWE), the Australian wine giant, has announced plans to divest its commercial brand portfolio, including Wolf Blass, Lindeman’s, Yellowglen and Blossom Hill. The decision is part of TWE’s ongoing restructure prioritising the Premium Brands Division, which features wines priced between A$10 ($6.60) and A$30 ($19.80). In a statement, TWE said: “Following the […]
Tradeshow Look Ahead: Nicola Woods, Speciality & Fine Food Fair 2024
Gama spoke to Nicola Woods, Event Manager, ahead of the latest edition of Speciality & Fine Food Fair. What are your expectations for this year’s Speciality & Fine Food Fair? How will you be celebrating the landmark 25th edition? We’re really excited for this year’s event! It’s amazing to think how the speciality […]
UK: Diageo sells Safari liqueur brand to Casa Redondo
UK alcoholic beverage multinational Diageo has announced it has agreed to sell its Safari spirits brand to Casa Redondo, a Portuguese alcoholic drinks company, as part of a portfolio review. Safari offers fruit-flavoured liqueurs and is primarily sold in Benelux, Portugal and Turkey. Commenting on the move, Diageo’s president, Europe John Kennedy said: “The sale […]
France: Carlsberg acquires minority stake in Brasserie Du Pays Flamand
Carlsberg, the multinational brewer, has announced it has acquired a minority stake in local beermaker Brasserie Du Pays Flamand via its French subsidiary Brasseries Kronenbourg (BK). In a statement, BK said the strategic partnership would accelerate the distribution of the Anosteke brand across France. The company also intends to triple production capacity at Brasserie du […]
Brazil: Ambev to invest R$60 million in Corona lager production
Brazilian beverage producer Ambev has announced an investment in order to increase production capacity for its Corona lager brand in Rio de Janiero state. According to sources, the new production line started operating on the 24th June at Ambev’s plant in Campo Grande. The investment of R$61 million ($10.8 million) will cater to increased demand […]
Japan: Pernod Ricard starts construction on new gin distillery
Wine and spirits multinational Pernod Ricard has started construction om a new €25 million (US$26.8 million) distillery for its high-end Japanese gin brand Ki No Bi in Kameoka City, according to a FoodBev report. The new facility will be powered by renewables an is expected to increase production capacity for Ki No Bi at least […]
Nigeria: Diageo to sell Guinness Nigeria to Tolaram Group
UK alcoholic beverage multinational Diageo has announced the sale of its Guinness Nigeria business to the Tolaram Group, a diversified holding company based in Singapore. According to sources, Diageo will sell its 58.02% stake in Guinness Nigeria to the Talaram Group for 81.60 NGN ($0.05) per share, as part of its wider plans to exit […]
Tradeshow Insight: London Wine Fair 2024
Serving as a focal point for the wine industry in the UK, London Wine Fair (LWF) returned for its latest outing this spring, welcoming just over 400 exhibitors to the Kensington Olympia showgrounds in London for three days of learning, networking and deal-making. Focusing heavily on visitor “quality” as a key metric, show organisers reported […]