Tequila star performer in Diageo’s half-year results

Diageo has registered an organic net sales increase of 4% to £7.2 billion (US$9.3bn) for the final six months of 2019, boosted by the double-digit growth of Tequila. Organic operating profit for the period grew by 4.6% to £2.5bn (US$3.2bn) due to “productivity benefits from everyday cost efficiencies and strong price/mix, partially offset by cost inflation and upweighted marketing investment”. All regions contributed to Diageo’s “broad-based” organic growth. The firm also reported free cash flow…

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Top 10 spirits launches in July 2019

While the no- and low-alcohol category dominates our latest list of new releases, July also saw exciting whisky launches from Diageo and a liqueur range created by bartender Marian Beke. Last month, a number of brands, including Don Julio and St Rémy, furthered their experimentation with cask finishes, while a new whisky aimed at mixing was released by Halewood Wines & Spirits. July also saw gin brands Portobello Road and Hayman’s enter the low-abv market,…

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Top six best-selling Tequila brands

It’s an exciting time for the Tequila category as key investments take effect and celebrity endorsements create a buzz. We present the brands at the top of the volume ladder. According to Euromonitor figures, Tequila and mezcal combined made an enormous leap in volumes to reach 36.8 million cases in 2018 – a 6.6% spike on 2017. Tequila was thrust into the spotlight in 2018 with billion-dollar acquisitions, celebrity launches and agave shortages. In the…

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Top 10 fastest-growing spirits brands

While some vodka brands are bucking the downward trend affecting the category, Indian whiskies are rising at speed – but which million-case brand grew the fastest? From bar openings and distillery launches, to new product developments and executive reshuffles, the spirits industry has never been one to stand still for long. Being part of such a quick­-paced environment means timing and execution are crucial to ensure goals are met, or indeed, surpassed. Last year, there…

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Tequila and mezcal brands to watch in 2019

Acquisitions, the agave shortage and a raft of new lines thrust Tequila and mezcal into the spotlight last year. We predict the brands to keep an eye on in 2019. Enthusiasm for Mexico’s hottest spirits shows no signs of abating. Combined, Tequila and mezcal’s growth is impressive, with volumes rising by 5.1% in 2017 to 33.6 million cases, according to Euromonitor. This is forecast to continue into 2018, with sales set to increase by 4.5%…

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