Kane's Beverage News Daily

Sign in Subscribe

Joel Whitaker

To Get U.S. Spirits Growing Again, Put Money In People's Pockets

That's the gist of a presentation during Diageo's Capital Markets Day by Hannah Brooks, chief strategy officer. Spirits sales in the U.S. won't turn around this year, but they will turn around in two or more likely three years. It all depends on

How Dave Lewis Is Reshaping Diageo

"We are not buying. We are not selling. This is an organic turnaround. And basically, we have what we need to turn the business around." That was Diageo CEO Dave Lewis at Diageo's Capital Markets Day Thursday (8/6). If it's successful, it will

Diageo Profit Plunged 26% in Year as Net Sales Eased 3% (Organic Sales -2%)

Diageo plc reports for the year ended June 30 net profit of $1.96 billion, or 78.1 cents a share, on net sales of $19.64 billion. Volume eased 0.4% resulting in a negative price/mix of 1.6%. The company attributed the negative price mix to U.

SipSource Finds 'Signs of Stabilization Emerging'

One of the Golden Rules of forecasting is to predict either a time or a trend, but never both at the same time. And so it is with the latest SipSource report which says, "After more than two years of declines, SipSource data shows volume and revenue trends are

For 4th Consecutive Year, Champagne Reduces Bottle Cap

Like the OPEC oil cartel, Champagne growers and houses agree on an annual production cap, and this year the marketable yield has been set at 8,800 kg/ha, equivalent to about 250 million bottles, the lowest since Covid. David Chatillon, co-president of the Comite Champagne, described the model

KLG PR Named Agency of Record for Black Irish

KLG PR has been named the agency of record for Black Irish, a collection of premium Irish cream liqueurs created by award-winning artist Mariah Carey. Reimagining a beloved holiday classic with exceptional quality, indulgent flavor and modern sophistication, Black Irish is rooted in Mariah Carey’s unique legacy to