Brown-Forman posts positive Q1 financial results

Brown-Forman's income increased by 7% despite sales not growing at the same rate as last year, said the company as it reported its first financial quarter results for the three months ending July 31 2014.

Pernod Ricard year-end results down thanks to China slump and foreign exchange rates

Sales for the 2014 financial year declined by 7% to €7,945 million due to a unfavourable foreign exchange rates and the Chinese market taking a -23% hit according to Pernod Ricard's annual financial report.

Pernod Ricard acquires majority stake in Avión Spirits as it targets US for growth

Pernod Ricard has made its second major acquisition this year with its almost $100 million investment to acquire an 84% stake in Avión Spirits.

Adrian Atkinson leaves his role as Pernod Ricard's wine development manager

Adrian Atkinson has left Pernod Ricard this week as part of a mini restructure of its commercial and marketing teams.

Treasury Wine Estates appoints Coca-Cola exec to lead Asia and Europe

Treasury changes Penfolds release dates as it writes down AU$260m

Treasury Wine Estates says 2015 will be a "reset year" as it writes down AU$260 million for 2014 and prepares to consolidate Penfolds' release dates to October to better manage allocations.

Treasury Wine Estates declines AUS$3 billion acquisition deal

Treasury Wine Estates declined an offer which was proposed in April from Kohlberg Kravis Roberts to buy the company for a cash price of AUS$4.70 per share, valuing the offer at AUS$3.05 billion.

Diageo to sell Whyte and Mackay to Alliance Global Group for £430m

Emperador Inc, part of the Philippines Alliance Global Group, confirmed today it has agreed to purchase Whyte & Mackay from United Spirits for £40 million.

Diageo in talks to sell Whyte & Mackay to Alliance Global Group

Diageo is reportedly in advanced talks with Alliance Global Group as a possible purchaser of the Whyte & Mackay spirits business, according to the financial press.

Pernod Ricard posts €127m net sales loss in Q3

Pernod Ricard, which released its Q3 financials today, posted a net sales loss of €127 million for the nine months of the 2013/2014 financial year, which is down 7% compared to last year for the same period, primarily due to heavy declines in Asia and other emerging markets.

Pernod Ricard to buy California's Kenwood Vineyards

Pernod Ricard is strengthening its US business with the purchase of Kenwood Vineyards in California's Sonoma Valley from F Korbel & Bros.

Diageo blames political instability as growth stalls

Diageo's interim results show only 0.3% growth over the last nine months, with organic net sales down 7.4%  to Q3.

Diageo increases bid to close United Spirits deal

Diageo, which already owns 28.8% of India's United Spirits, has made a $1.9 billion bid to acquire an additional 26% share of the company.

Diageo shakes up global management team

Diageo's chief executive Ivan Menezes has made changes to the company's global management team with a major focus on emerging markets.

Pernod Ricard reports disappointing Chinese New Year sales

Pernod Ricard reports that there has been no improvements in sales following the Lunar New Year celebrations in China, which is traditionally the busiest sales period of the year for drinks companies, warning that China could remain sluggish until 2015 at the earliest.

?Brown-Forman raises fiscal outlook for 2014

Jack Daniel's brand grew underlying sales 10%, helping Brown-Forman Corporation continue its momentum to post further gains in its third quarter financial results which were released yesterday.

?Diageo appoints exclusive national broker for Canada

Wirtz Beverage Group is to become Diageo's exclusive national broker in Canada, after signing an agreement last week.

Diageo warns of the dangers of any UK departure from the EU

Diageo has fired a warning shot against any possible British departure from the European Union and the risks it would have on not only its business but the future of key markets such as the Scottish whisky industry. This could be exacerbated further if Scotland chooses to become independent later in the year.

Half year operating profits significantly down at Treasury Wine Estates

Half-year operating profits at Treasury Wine Estates fell by 38% to A$45.8 million, which it blamed on increased marketing and distribution investment and challenging conditions in Asia and Australia.   

Treasury Wine Estates appoints industry outsider as new chief executive

Treasury Wine Estates has appointed industry outsider Michael Clarke, veteran of Kraft Foods and Coca-Cola, as its new managing director and chief executive.