News in Numbers
⤓ 7-9%
Constellation Brands has cut its forecasts for the annual sales and profits it expects to generate from its wine-and-spirits business. The US group sees the division’s net sales dropping 7-9% in the year to the end of February.
17% ↘
South Africa has pointed to a reduced harvest and competition at the cheaper end of the market for a 17% fall in wine exports last year.
$1.1bn
US on-demand online alcohol retailer Drizly is being shut down by Uber just three years after the technology group bought it for $1.1bn.
20%
Carlsberg has snapped up a 20% stake in Danish brewing peer Mikkeller. Peter Haahr Nielsen, the CEO of Carlsberg’s domestic business, described Mikkeller as “a strong brand”.
$13m
The value of the nascent US non-alcoholic spirits market could hit $13.3m by 2027, led by growth in the on-premise, GlobalData, Just Drinks’ parent company. suggests.
