Beam Suntory reports ‘flat’ full-year results

Maker’s Mark owner Beam Suntory reported stagnant net sales for 2020, with Jim Beam surpassing 11 million cases for the first time. Beam Suntory, owner of brands such as Courvoisier Cognac and Sipsmith gin, said net sales for its 2020 full year were ‘flat’. The company was hit by the pandemic, which led to lower sales in markets including Spain, India, China, South Africa and global travel retail. Beam Suntory said a rebound in growth…

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Covid-19 halves 2020 sales in UK on-trade

Sales across the UK hospitality sector fell 54% in 2020 as the industry faced its ‘worst year of trading on record’, according to a new report. The latest edition of the UK Hospitality and CGA Quarterly Tracker found that the UK’s on-trade sales collapsed from £133.5 billion (US$182bn) in 2019 to £61.7bn (US$84bn) in 2020. Kate Nicholls, CEO of UK Hospitality, said: “These figures are simply devastating; hospitality was hit first, hit hardest and continues…

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Top 50 innovative spirits launches of 2020: 20-11

The penultimate part of our most innovative spirits launches of 2020 features a Scottish twist on shōchū, a Cognac cask‐finished Cachaça and an alcohol-free ‘mezcal’. The fourth instalment of our top 50 innovative spirits launches of the last 12 months features game-changing products from Scottish distiller Brewdog, Chicago’s Skeptic Distillery and rye whiskey producer Whistlepig. The sea played a key role in launches from Cognac house Camus and English gin maker Salcombe Distilling Co, while…

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The biggest spirits stories of 2020

It’s been quite a year for the spirits industry, with a global pandemic and trade wars grabbing the headlines. The Spirits Business looks at the biggest breaking news from the past 12 months. Last year saw a number of big companies hit the headlines including Beam Suntory, which was hit with a US$19.6 million fine over a bribery investigation. The Covid-19 pandemic dominated the sector last year, with total alcohol sales predicted to decline by…

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Whisky Auctioneer sales reach £30 million

Online auction platform Whisky Auctioneer witnessed a record year after sales reached almost £30 million (US$40m) in 2020. The Perth-based auctioneer has hosted 17 online auctions since January 2020 and received on average 100,000 bids per month this year. Whisky Auctioneer also conducted deliveries to 74 countries around the world. Between mid-October and mid-November, the business experienced its largest month in value and volume. Sales during the period included a £375,000 (US$503,000) hammer price for…

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