American wine consumption is expected to lose volume in 2023 for the third straight year, while achieving a slight rise in value, as uncertain economic conditions and fierce competition from other ...

The sparkling wine category continues to be a key growth driver for the industry, with brands up and down the pricing ladder enjoying solid gains.With a portfolio including Mionetto Prosecco, ...

Treasury Wine Estates has appointed Diageo veteran Sam Fischer as CEO, succeeding Tim Ford, effective October 27. Ford has spent 14 years with Treasury, including five as its chief executive, and will ...

•Shaw-Ross International Importers is promoting vice president of sales and marketing Scott Jove to president, effective in January. Managing director Bruce Hunter will remain in his current role ...

Shanken News Daily is a daily email news service covering the global spirits, wine and beer business. It is published by M. Shanken Communications, Inc., publishers of Impact Newsletter/Impact ...

After downgrading its outlook for the fiscal first half ending in December on Friday owing to struggles in Latin America, Diageo’s top executives said yesterday that they continue to expect ...

In case you missed last night’s news alert, Treasury Wine Estates has announced a leadership transition set to take place this fall, with Diageo veteran Sam Fischer becoming CEO effective October 27.

Across the U.S., the cannabis industry is facing headwinds, with leading multistate operators like Curaleaf, Trulieve, Green Thumb, and Verano seeing declining revenue or gains in the low single ...

After 27 consecutive annual gains, the total wine industry is expected to suffer its first annual decline this year since 1993, slipping by an estimated 0.5%—according to The U.S. Wine Market: Shanken ...

Brown-Forman saw sales for its full fiscal year ended in April dip 1% to $4.2 billion on an organic basis, with operating income down 2% to $1.4 billion, in what the company called “a challenging year ...

Terrance Cole, President Trump’s pick to lead the Drug Enforcement Agency, has indicated that completing the long-simmering federal scheduling review for cannabis will be among the early moves he ...

Opici Family Distributing, the Glen Rock, New Jersey-based subsidiary of the family-owned Opici Wine Group, represents 400 wine and spirits suppliers across an eight-market footprint that includes New ...