Category Archives: Spirits

Pernod Ricard Sees 20% Drop in Profit from Recurring Operations

Posted on March 25, 2020 by Donna Whitaker

Pernod Ricard said it now believes the coronavirus will lead to a drop in profit from recurring operations of about 20% this fiscal year.

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Debra Crew to Lead Diageo North America as Mahlan Retires

Posted on March 25, 2020 by Donna Whitaker

Crew, 49, has served as a non-executive director of Diageo since April 2019.  She will step down from the board immediately and will succeed Deirdre Mahlan as president of

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Barenberg: Bev/Al ‘Highly Exposed’ to Major Disruptions in Hospitality

Posted on March 25, 2020 by Donna Whitaker

“The short-term shock to demand from the COVID-19 virus is worse than what we saw in 2008-09 with the financial crisis,” Barenberg’s beverage analysts said in a note to clients

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Bacardi Commits $3 Million to Support Bar & Restaurant Industry

Posted on March 25, 2020 by Donna Whitaker

Bacardi Ltd. today launched #RaiseYourSpirits, an initiative to support bars and restaurants debilitated by the COVID-19 shutdown.

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Technomic: Foodservice to See 11% to 27% Decline in Growth This Year

Posted on March 25, 2020 by Donna Whitaker

That’s Technomic’s conclusion after modeling a number of different scenarios.  It’s not just limited to the places where bev/al is sold.  The K-12 foodservice business is a $22.8 billion

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WSWA Creates Best Practices Kit

Posted on March 25, 2020 by Donna Whitaker

Partially in response to the Denver situation, Wine & Spirits Wholesalers of America said “keeping wine and spirits retail OPEN is both essential and critical. Closures like in

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