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
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
Scotch whisky's export performance in the first half of 2023 has encountered a decline both in volume and value, marking a departure from the robust sales surge witnessed during the same period in the previous year. A stark reduction of 20% in volume, translating to a staggering 630 million 700ml
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
Diageo has terminated the sale of its Windsor whisky business to Bayside/Metis - South Korea's private equity consortium due to a failure to meet some conditions for the deal agreed in March. In March, Diageo had agreed to sell its premium blended scotch whisky brand - Windsor to Baysi
