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Italy The Only Top Wine Producer To See Growth In 2021

Of the top three wine producing nations in the world, Italy was the only one to see growth in 2021, according to a Mediobanca study.

Leonardo DiCaprio Invests In French Champagne Brand Telmont

Hollywood actor Leonardo DiCaprio has bought an equity stake in French champagne house Telmont, as luxury brands strike partnership deals with celebrities...

Pernod Ricard Eyes Strong Sales Growth After H1 Results Beat Forecasts

Spirits group Pernod Ricard has said it expects strong sales growth in its 2022 fiscal year, after buoyant demand in the United States, China and Europe he...

Cognac Sales Jump 31% As Drinkers Go Upmarket

Cognac sales surged by a nearly a third last year as American and Chinese drinkers guzzled old vintages, in the latest sign premium drinks makers are putti...

French Tie-Up Seeks To Put More Fizz In Champagne Market

Two of Champagne's leading producing cooperatives, Nicolas Feuillatte and Castelnau, have agreed to merge in a bid to become one of the three biggest playe...

Rémy Cointreau Strengthens Financial Flexibility With €80m Loan

Rémy Cointreau has borrowed €80 million through Crédit Agricole d'Ile-de-France to strengthen its balance sheet structure.

World Wine Production Set To Slip, But Demand Picking Up: OIV

In a third consecutive year of below-average output, world wine production is projected to range between 247.1 million and 253.5 million hectolitres this y...

Russia Suspends Champagne Label Law Until Year-End

Russia has agreed to suspend until 31 December a new law that forces French champagne makers to label their bottles as sparkling wine, French deputy trade...