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2 weeks ago | 
thedrinksbusiness.com | Ron Emler
Drinks companies around the world are wrestling with the complexities and anomalies of President Trump’s tariff barriers that come into effect this week.
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1 month ago | 
thedrinksbusiness.com | Ron Emler
Diageo, the world’s largest premium alcohol drinks group, has warned President Donald Trump that his proposed import tariffs, especially on products from Canada and Mexico, could put thousands of American jobs at risk.
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1 month ago | 
thedrinksbusiness.com | Ron Emler
It’s a question vexing booze boardrooms: is the younger generation turning away from alcohol? If so, is it a permanent trend or will “normal” patterns eventually re-establish themselves? A Gallup survey released last year, for example, reported a higher likelihood that young American adults will note health risks associated with alcohol — and drink less.
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1 month ago | 
thedrinksbusiness.com | Ron Emler
The likely impact of President Trump’s 25% tariffs on all goods imported to the US from Mexico and Canada was put into stark reality by the world’s biggest producer of tequila, Jose Cuervo. Jose Cuervo owner Becle warned its shareholders that the tariffs will cost it about US$80 million (£64 million) this year. Rodrigo de la Maza, the chief financial officer, said that the company however had taken pre-emptive action and “proactively increased inventories in the US.
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1 month ago | 
thedrinksbusiness.com | Ron Emler
Following the mixed reception for Diageo’s interim results at the start of this month, chief executive Debra Crew has come out fighting with a presentation to America’s top investment houses and analysts. Her purpose was to stress that the beverage alcohol category is going through a cyclical, not structural, downturn and that Diageo is in poll position among its competitors to deliver long-term, sustainable growth that will boost shareholder returns.
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2 months ago | 
thedrinksbusiness.com | Ron Emler
After several problematic years caused by the glut of wine and China’s tariff penalties, Australian Vintage has produced its strongest results in four years. In the half year to Christmas, the owner of the McGuigan brand wines reduced its losses to AU$8 million compared with an AU$11 million deficit in the first half of 2024, Recently reappointed chief executive Craig Garvin said the results revealed progress in the company’s plans to restore shareholder value and position itself for growth.
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2 months ago | 
thedrinksbusiness.com | Ron Emler
Treasury Wine Estates’ results for the six months until the end of December were a curate’s egg. At the top end of the market, sales of its Luxury grouping of wines, which now generates 56% of revenues, grew by 52% (18.2% organically) while the recently purchased Daou vineyards in California saw earnings increase by 11.2%. Net profits jumped 33% to AU$239.6 million (£121 million) in the six months, just short of analysts’ aggregated expectations.
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2 months ago | 
thedrinksbusiness.com | Ron Emler
Alexandre Arnault has stepped into the fray, tasked with reviving Moët Hennessy during financial decline. With his father’s retirement looming in 2029, he has two years to prove himself in the LVMH succession battle. Arnault, one of five children by LVMH chairman and CEO Bernard Arnault, is embroiled in a beauty contest with his siblings to take over the reins when his father’s scheduled retirement comes up in 2029.
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2 months ago | 
thedrinksbusiness.com | Ron Emler
Just a week before it was due to announce its half-year results to the end of December, Pernod Ricard has taken the unusual step of advancing their publication as speculation continues to swirl around the drinks industry about global trading conditions and President Trump’s potential tariffs. The results themselves were disappointing and Paris stock market procedures dictate that any material change in a company’s predictions must be reported immediately.
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2 months ago | 
thedrinksbusiness.com | Ron Emler
President Trump’s decision to pause for a month the imposition of 25% tariffs on imports from the US and Mexico failed to lift the gloom surrounding Diageo’s share price, which shed a further 3.5% this morning. The group’s half year results to the end of December failed to impress the stock market because it scrapped giving medium-term performance guidance, which had stood at 5% to 7% for organic sales growth.
