The Distilled Spirits Council of the United States (DISCUS) has sounded the alarm as the European Union prepares to reinstate tariffs on American whiskey at a staggering rate of 50% on January 1, 2024. This move comes after an unsuccessful attempt to secure a long-term agreement between U.S. Presi
Chivas Brothers, the whisky giant, has received approval from planning authorities for its ambitious expansion plans, despite some concerns regarding traffic issues and neighboring buildings affected by black mold. The expansion project involves developing an extension to an existing bonded
Spirits sales in the United States have experienced a notable decline of 4.2% during the initial six months of 2023, marking a significant drop in the $100-plus spirits category, according to recent data. The Wine & Spirits Wholesalers of America (WSWA) released its SipSource Report, off
In the United Kingdom, the value of rare whisky experienced a decrease of 4% during the period leading up to June 2023. This contrasts with the rise observed in other high-end assets, as indicated by the latest report from Knight Frank. The Knight Frank Luxury Investment Index (KFLII) undert
Sir Ivan Menezes, the CEO of Diageo, passed away at the age of 63 following a brief illness. Earlier this week, Diageo announced the appointment of Debra Crew as interim CEO while Ivan Menezes recovered from emergency surgery for a stomach ulcer. Effective immediately, Crew assumed the r
Pernod Ricard, the company that owns Jameson , has ceased all shipments of its worldwide brands to Russia and will discontinue sales of its complete portfolio there. The business declared in a statement posted on the Pernod Ricard website on Friday (12 May) that it would no longer distrib
A decision from Pernod Ricard to continue exporting its brands to Russia has caused an outrage from whisky consumers even with last week's similar criticism from Absolut Vodka customers. The French firm confirmed this decision extends to its entire portfolio, including brands such as James
As part of larger initiatives to safeguard peatlands and lower carbon emissions, the selling of peat will soon be prohibited in Scotland. Before examining how a larger prohibition might affect commercial users, the goal is to first outlaw the retail selling of peat for home gardening. "Pea
On Friday September 23rd 2022, chancellor Kwasi Kwarteng announced that the plans to increase the duty on alcohol (spirits, beer, cider, and wine) will be canceled. This news comes as part of an overall mini-budget which is an economic policy announcement by the new prime minister Liz Truss which
