Fall in whisky sales pushing producers out of South Korea

Dwindling whisky sales in South Korea have driven several leading spirits producers out of the Korean market in the past year, according to IWSR Drinks Market Analysis. Last year, Diageo revealed plans to close its whisky bottling plant in Incheon, South Korea. According to IWSR Drinks Market Analysis, while imported beers, mixed drinks and wine have experienced “strong success” in South Korea, the whisky category – the majority of which has historically been Scotch – “continues to…

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SB’s most read stories of 2019

Cannabis, celebrity endorsements and Game of Thrones-themed whiskies were among the most attention-grabbing stories in the spirits sector last year. Here, we count down our most read online stories of 2019. While the biggest stories in the spirits sector featured punitive tariffs, distillery investments and strike action, it was new and innovative product launches that dominated our list of most read stories online last year. Among some of the articles that missed out on a…

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Bonhams wine and whisky sales top £16m in 2019

Auction house Bonhams saw its global wine and whisky sales reach £16 million (US$21.3m) in 2019 – a £1m (US$1.3m) increase on the previous year. Among the auctioneer’s most notable sales last year was a bottle of The Macallan Peter Blake 1926 60-year-old Scotch whisky, which fetched £615,063 (US$808,091) when it went under the hammer in Edinburgh in March. Another Macallan sale also drew global attention – a 30-year-old Sherry hogshead – which set a…

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Beam CEO: ‘Big ambitions’ for House of Suntory

Albert Baladi is in the driving seat as Beam Suntory’s new president and CEO. He tells The Spirits Business about his ambitions to position Bourbon as the world’s foremost whisk(e)y and make his company the ‘most admired’ in the industry. *This feature was originally published in the August 2019 issue of The Spirits Business In 1795, three years after Kentucky became a US state, farmer and grain mill operator Jacob Beam filled his first barrel…

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Macallan Lalique 50-year-olds exceed auction estimates

Two bottles of The Macallan Lalique 50-year-old Scotch whisky sold for £100,062 (US$126,515) each at Bonhams Fine Whisky sale in Edinburgh last week. The two bottles went under the hammer on Wednesday 9 October with an estimated sale of between £67,000-£93,000 (US$84,712-US$117,586). The Macallan Lalique 50-year-old is the first release from The Lalique Six Pillars collection, which were launched between 2006 and 2016. It is said to have aromas of cumin, cardamom and maraschino, and…

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