Sabah Meddings

1 week ago | bloomberg.com | Fiona Rutherford |Sabah Meddings

Cases of Corona and Modelo beer sit on display for sale. (Bloomberg) -- A spending pullback by Hispanic shoppers is emerging as a major factor in slowing US beer sales, especially for brands that have long relied on that consumer group. Just eight of the top 25 beer brands in the US are growing this year, according to retail data from Bump Williams Consulting that was shared with Bloomberg. Hispanic consumers have long been a cornerstone of beer’s growth, industry experts say.

1 week ago | news.bloombergtax.com | Sabah Meddings

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1 week ago | bloomberg.com | Sabah Meddings

(Bloomberg) -- Pernod Ricard SA sales fell more than expected in its fiscal third quarter after Cognac was hit by a duty-free block in China and Europe demand was held back by a late Easter. The maker of Martell Cognac said that organic sales fell 3%, which was worse than expected. This was largely due to duty-free sales being blocked in China since December as part of anti-dumping measures, the wider economic slowdown in the mainland and Beijing’s trade tariffs on European brandy.

1 week ago | news.bloomberglaw.com | Sabah Meddings

Pernod Ricard SA sales fell more than expected after Cognac was hit by a duty free block in China and Europe sales were held back by a late Easter. The maker of Absolut vodka said that organic sales fell 3% during the third quarter, which was worse than expected. This was largely due to duty free sales being blocked in China since December as part of anti-dumping measures and declines in Germany and Spain.

1 week ago | bloomberglinea.com.br | Sabah Meddings

Bloomberg — A Heineken informou que os volumes de cerveja caíram menos do que o esperado, mesmo com o atraso da Páscoa, que reduziu a demanda por suas marcas mais vendidas na Europa e nas Américas. Os volumes da segunda maior cervejaria do mundo caíram 2,1% durante o primeiro trimestre, um declínio menor do que o esperado pelos analistas, com as remessas atrasadas devido à Páscoa que ocorreu no final do ano. As ações da Heineken subiram até 3% no início das negociações em Amsterdã.