Just-Drinks

2 days ago | just-drinks.com | Dean Best

In under three weeks, former Shiseido and Chanel executive Franck Marilly will take the hot seat at Rémy Cointreau, joining a business where sales and profits have tumbled over the last 12 months. Marilly is also taking the helm at a spirits group where Cognac, a category under significant pressure in recent quarters, accounts for around 70% of sales.

2 days ago | just-drinks.com | Dean Best

Rémy Cointreau has become the latest major distiller to withdraw mid-term guidance. The French spirits group today (4 June) pulled its objectives for 2030 – drawn up a decade ago. The Rémy Martin Cognac maker pointed to “the continued lack of macroeconomic visibility”, tensions over tariffs and uncertainty over when the US market would recover. Rémy Cointreau also cited the appointment of its new CEO, a move announced last week.

4 days ago | just-drinks.com | Dean Best

Penfolds and Daou owner Treasury Wine Estates today (3 June) lowered its forecast for a closely-watched profit metric amid pressure on US sales. The Australian wine group said it expects its EBITS to be around A$770m in the financial year ending 30 June. Treasury Wine Estates’ previous forecast was for EBITS to be “approximately $780m”, itself reset in February. The company said the new guidance was “driven by lower-than-expected premium portfolio shipments in the US”.

4 days ago | just-drinks.com | Ben Wein

The Margvelashvili family acquired Georgian winery Tbilvino three decades ago and now operate two sites in Tbilisi, the capital of the European country, and in Kvareli. Managing director George Margvelashvili, who took the reins 25 years ago, sat down with Just Drinks at London Wine Fair to talk exports, target markets and ancient methods of wine production. George Margvelashvili (GM): The Russian market is the biggest for Georgian wine.

4 days ago | just-drinks.com | Dean Best

There was a “huge improvement” in US spirits sales in April, according to the latest NABCA figures. US spirits volumes rose 3.3% in April versus the corresponding period a year earlier to 4.9 million nine-litre cases. Dollar sales rose 2.9% to $1.07bn. Over the 12-month period, volumes declined 0.8% to 61m nine-litre cases in the year to the end of April, according to figures released by the National Alcohol Beverage Control Association (NABCA).