Moët Hennessy acquires stake in US rye whiskey company WhistlePig
USA – Luxury wine and spirits company of LVMH, Moët Hennessy has acquired a minority…
Spirits
Global spirit company Quintessential Brands announces changes in senior leadership team
UK – International spirits company, Quintessential Brands Group, has appointed James Lousada as its new…
Eastside Distilling appoints Stuart Schreiner as interim Chief Financial Officer
USA – Eastside Distilling, an Oregon based spirits company, has appointed G. Stuart Schreiner as…
Danish beverage company launches SMA SHOTS into the Nigerian Market
NIGERIA – Spivi, Danish beverage firm has launched a new product known as SMA SHOTS…
Musgrave teams up with Distell to launch premium crafted brandies
SOUTH AFRICA – Musgrave Crafted Spirits, South African based Gin producers in partnership with Distell,…
Diageo launches new fruit-flavoured Smirnoff Infusions in UK
UK – World’s spirits giant, Diageo has unveiled a new range of Smirnoff Infusions flavoured…
Economic challenges are impacting on SA’s spirits segment, says Paul Scanlon
SOUTH AFRICA – Prevailing tough economic conditions in South Africa are changing consumers drinking habits,…
African Distillers Limited half year profits grow by 159% to US$7m
Zimbabwe – Zimbabwean wine and spirits manufacturer, African Distillers Limited, recorded profit after tax amounting…
United Kingdom hikes wine duty but freezes duty on beer, spirits and cider
UK – United Kingdom Chancellor Phillip Hammond has announced that duty tax on wine will…
Nigeria approves alcohol, tobacco taxes, to start June 2018
NIGERIA – The Federal government has signed-off on the implementation of a new tariff regime…
Campari Group buys premium cognac brand Bisquit from Distell
SOUTH AFRICA – Campari Group has agreed to buy Bisquit Dubouche et Cie (Bisquit) from…
EABL building Sh300m new spirits line on high demand
KENYA – East African Breweries Limited (EABL) is constructing a Sh300 million spirits line at…
Edrington seals partnership to explore Nigeria spirits market
NIGERIA – The Spirit market in Nigeria is set to witness fervent competition as an…
Campari Canada invests US$5m for renovation of its Ontario distillery
CANADA – Campari Canada has announced an investment of US$5 million for the renovation and…
AFDIS registers double-digit growth, eyes plant upgrade
ZIMBABWE - Spirits and wine maker, African Distillers Limited (Afdis), says it will embark on…
Beam Suntory reports 3.9% rise in sales led by bourbon brands
USA – US spirits major Beam Suntory has posted net sales of US$6.47 billion in its third-quarter…
Revenue growth muted in SA for brewing and beverage group Distell
SOUTH AFRICA – Multinational brewing and beverage group Distell on Friday said during the first…
African Spirits opens new whisky line at Thika factory
KENYA – Tycoon businessman Humphrey Kariuki has started production of whisky at his Thika-based alcohol…
Ministry to privatize malting, liquor factories
ETHIOPIA – The Ministry of Public Enterprises (MoPE) has finally decided to privatise Assela Malt Factory and National Alcohol & Liquor Factory (NALA), both of whom have recently had their capitals raised.
Alcohol abuse costs South Africa billions
SOUTH AFRICA – The financial cost of alcohol-related harms to South Africa’s economy is not worth the billions of rand the industry makes each year.
Distell acquires Angola’s biggest spirits player
SOUTH AFRICA – Africa’s leading spirits and wines operator Distell has completed the acquisition of an initial 26% of the ordinary shares of Best Global Brands Limited for US$54.6 million, a leading spirits producer in Angola and Nigeria.
Nigerian Breweries sustains momentum as half-year profit surge 24%
NIGERIA – Nigerian Breweries Plc, said on Friday that the benefits of the price increases it took in 2016 to mitigate the effects of skyrocketing inflation and foreign currency challenges continued into its first-half results.
Hennessy sees Kenya as growth frontier as cognac sales start
KENYA – Hennessy, the world’s largest maker of cognac, has started distributing its products in Kenya to tap Africa’s second-largest luxury-goods market.
Tanzania brewers wary of rise in excise duty
TANZANIA – An excise duty rise on beer and spirits can lead to an increase in the consumption of illicit brews and subsequent reduction in company earnings and government revenues, brewing industry players warn.