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
alcohol
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
The World Health Organization has watered down its language on alcohol in a new United Nations health agreement, following months of heavy lobbying by the global drinks industry, delivering a much needed win for the global drinks industry. Read More
Two months after Beijing moved to soften its alcohol ban, some merchants report a faint sales uptick in August. But for most, the question remains: has business truly bounced back—or are deeper troubles still dragging the market down?
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Sparkling wine emerged as a bright spot in China, but according to IWSR, the market will face continued pressure. Between 2024 and 2029, the overall Total Beverage Alcohol (TBA) category is expected to contract at a -1% CAGR, while wine is projected to decline -3% annually. Read More