Nicola Carruthers

1 week ago | thespiritsbusiness.com | Nicola Carruthers

The spirits arm of LVMH plunged by 17% during the first quarter (Q1) of 2025 due to continued soft demand for Cognac in the US and China. Paris-headquartered LVMH reported revenue of €629 million (US$714.8m) for spirits in the first three months of 2025 (Q1), down from €736m (US$836m) year on year. It followed a full-year sales drop of 14% for LVMH’s spirits division in 2024. The company noted that Cognac was ‘held back by weaker demand’ in the US and China during Q1.

1 week ago | thespiritsbusiness.com | Nicola Carruthers

Factions in the Tequila industry are at loggerheads over the use of additives in the liquid as Mexican regulations prevent brands from labelling their products with the term, causing outcry among the smaller players. *This feature was originally published in the February 2025 issue of The Spirits Business. Since its publication, the CRT has filed a lawsuit against the Additive Free Alliance over its ‘unauthorised’ certification programme. Do you know what’s really inside your Tequila?

1 week ago | thespiritsbusiness.com | Nicola Carruthers

Ten Danish distilleries, including Stauning, have joined forces to launch whisky standards for the nation with the aim of securing formal regulations in the future. On 10 April 2025, 10 whisky producers in Denmark launched the Danish Whisky Manifesto – a set of rules for the category. The aim of the manifesto is to ‘strengthen Denmark’s position as a whisky-producing country, and to protect and promote the category.

1 week ago | thespiritsbusiness.com | Nicola Carruthers

Rutland Square Spirits has sold a 21% stake in its business to Indian actor and entrepreneur Dr Vivek Anand Oberoi. The partnership will initially support the growth of the Rutland Square brand globally. Through the collaboration, Oberoi will become co-founder and chairman of the business. Nishant Sharma, founder and CEO of Edinburgh-based Rutland Square Spirits, and Veenu Sharma, director, said in a joint statement: “We are delighted to welcome Dr Vivek Oberoi to the Rutland Square family.

1 week ago | thespiritsbusiness.com | Nicola Carruthers

Several bottles of single malt whisky worth thousands of pounds were stolen from Highland-based distillery The Glenturret on Saturday (12 April). Police Scotland’s Tayside division has issued a witness appeal for information about a break-in that occurred at The Glenturret Distillery in Crieff at 4.45am on Saturday. The alert noted that “several high-value bottles of The Glenturret whisky in distinctive bottles made by Lalique were stolen and remain outstanding”.