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Rising Costs Weigh On AB InBev Despite Higher Beer Sales

Anheuser-Busch InBev, the world's largest brewer, scrapped its interim dividend and said quarterly profits dipped as the shift to drinking at home pushed u...

'Worst Summer' For Global Wine Industry, Study Finds

The period between March and August 2020, which was dominated by the COVID-19 pandemic, was the worst summer in modern history for the global wine industry...

Carlsberg Raises Full-Year Outlook On Strong Sales In China And Russia

Danish brewer Carlsberg has posted third-quarter underlying sales that beat expectations, and raised its full-year earnings guidance thanks to strong...

Brewer Heineken Uncertain About Year-End After Summer Recovery

Heineken NV performed better than expected over the June-September quarter, with a surprising increase in beer sales in the Americas, but said the COVID-19...

Spirits Firm Campari Cheered As Drinkers Liven Up Staycations

Sales at Italian spirits group Campari bounced back more strongly than expected in the third quarter, as drinkers livened up their 'staycations' with aperi...

Diageo Agrees To Acquire Chase Distillery In The UK

Spirits giant Diageo has announced that it has reached an agreement to acquire Chase Distillery - the owner of Chase GB Gin and the award-winning...

Guinness Unveils New Alcohol-Free Beer, Guinness 0.0

Guinness has introduced Guinness 0.0 - a new non-alcoholic beer in Ireland and the UK, Diageo said in a press release. The beer will be rolled out in th...

Pernod Ricard Says Virus Woes Will Continue To Weigh On Q2

French spirits maker Pernod Ricard said sales are likely to return to growth in the second half of its 2020/2021 fiscal year, although the downturn in trav...