The share of Americans who drink alcohol has fallen to the lowest level in nearly nine decades of polling, while wine is finding its strongest support among older consumers and women, according to a new Gallup survey. Read More
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Strong sales in Japan and India helped Suntory’s alcohol revenue return to growth, but weakening US demand, distributor destocking and rising supply-chain costs dealt a sharp blow to profits. Read More
The potential payout would exceed a third of Pernod Ricard’s annual profit as it faces mounting legal and regulatory pressure in its largest market by volume. Read More
Global drinks giant Diageo is preparing for a sweeping round of job cuts as newly appointed chief executive Sir Dave Lewis accelerates a restructuring aimed at reviving growth after several years of weakening spirits demand. Read More
China has officially named its 80 biggest drinks chains for the first time. The leader runs more than 3,500 stores; the gap to No. 80 is over 350-fold. Read More
South Korea, Asia's highest per capita alcohol consumer, is drinking less, and spending more on travel and leisure. Read More
Acquisition strengthens Meituan’s front-warehouse capabilities in eastern China and deepens its push into alcohol delivery. Read More
Instant liquor retail market went through another consolidation as another major player has changed hands: Henan Liquor Easy Trading Corporation Limited (酒便利), has sold about 51% of its equity through a court-supervised auction. Read More
Saudi Arabia is easing one of its strictest social controls by allowing high-income non-Muslims to buy alcohol in designated stores, part of the kingdom’s broader push to open its economy and reshape long-standing religious restrictions. Read More
The Thai government has reversed a controversial afternoon alcohol ban following outcry from bars, restaurants and tourism groups. Read More