Alcohol to not rebound globally until 2024

It will take five years for the global alcohol category to get back to pre-Covid health, the IWSR has predicted, with double digit declines expected to the hit the category this year.

Delayed recovery predictions put Covid-19 in stark contrast to 2008 crash

The UK’s retail sector will experience a delayed recovery well into the fourth quarter of 2020, with businesses needing to adapt to altered customer behaviours.

Wine Intelligence updates Global Report post-virus

Wine Intelligence has updated its Global Report post-coronavirus (Covid-19), first launched in January, to highlight both the short and long-term effects the pandemic is likely to have on wine consumption. 

Michael Broadbent MW passes away

Harpers has learned of the sad passing of critic and auctioneer Michael Broadbent MW, who has died, aged 92.

Hardys focuses new branding around “certainty in uncertain times”

Hardys has unveiled a new look for its global branding while also offering customers a 100% money back guarantee with the aim of becoming “a top 10 global power brand by 2025”.

UK winner of Bacardí cocktail competition revealed

Scottish bartender Nicole Sykes won the Bacardí Legacy Cocktail Competition at an event in London last night.

Diageo slashes 2020 expectations in wake of global volatility linked to coronavirus

Spirits giant Diageo has cut its sales expectations in global markets for the coming year, with the likelihood that the recent viral outbreak in China could further impact sales in 2020.

Global headwinds hit fine-wine market

Uncertainties in global trade have hit the fine-wine market, according to the 2019 report from Liv-ex, the online global trading platform for wine.

Accolade appoints new European marketing director

Accolade Wines has appointed Caroline Thompson-Hill to the role of European marketing director.

New global PR partnership announced

Three food-and-drink PR agencies from across the world have partnered to create a global network to support their clients’ international needs.

Hillebrand rebrand ahead of ‘journey of growth’

Global beverage and bulk liquid forwarder JF Hillebrand is unifying its various business arms, including past acquisitions such as Trans Ocean Bulk Logistics and Satellite Logistics Group, under the one Hillebrand banner.

New Zealand Winegrowers and WSET sign up for global partnership

The Wine & Spirit Education Trust has a new financial backer in the form of New Zealand Winegrowers, which has become one of the educator’s corporate patrons.

Tim Atkin MW: Canary in the global coalmine

“Phew. What A Scorcher!” I’m old enough to remember June 1976, when we had 15 consecutive days above 32°C. The Sun’s headline captured some of the excitement I felt as a teenager. In those days British summers were frequently cool, overcast affairs and all of a sudden Kent felt like the Costa Brava. What was scorching then seems almost temperate now. Last week Cambridge sweated through the second hottest day ever at 38.1°C, just behind Faversham’s UK record of 38.5°C in August 2003.

International spirits industry unites behind new global body

Many of the world’s leading spirits producers have partnered to create a new global organisation for the industry, it was announced in Geneva yesterday.

Alcohol sales fall worldwide, but with recovery to follow, predicts the IWSR

Global alcohol consumption fell back by 1.6% in 2018, according to new data from the IWSR, with some 27.6 billion nine-litre cases being consumed.

Côtes du Rhône targets 30-45 age group for new global campaign

The trade body for France’s Côtes du Rhône has unveiled plans to target consumers in their thirties and forties, with a new logo and marketing strapline that highlights the region’s quality, heritage and provenance.

China and the US drive boom in global premium wine consumption

Wine priced between $10 and $20 will be the biggest driver of value growth for still and sparkling wine over the next couple of years.

Missed opportunity: What a rise with inflation means for the UK wine trade

Pub landlords and spirits importers will be breathing a sigh of relief this morning, but not the nation’s wine trade – which is looking at an extra £90 million bill in duty next year.

Wine set to help global alcohol consumption to reach £830bn by 2022

A relatively sunny outlook is being forecast for the global alcohol industry over the next five years, with the wine set to see the largest portion of growth.

Global wine market grows value sales against static volume