Spirits

Pernod Ricard US Sales Fall 10% as Small Formats Gain Focus

Pernod Ricard US Sales Fall 10% as Small Formats Gain Focus

Pernod Ricard closed its first quarter of fiscal 2027 with sales down 10% in the U.S., where it blamed consumers’ affordability concerns for the drop. The French spirits giant used its earnings call today to share a read on the U.S. market and reiterate that it continues to seek growth in smaller, affordable formats.

Sazerac Pushes To Acquire Berentzen

Sazerac Pushes To Acquire Berentzen

Sazerac has signed a binding agreement to acquire Berentzen-Gruppe AG, the German schnapps producer it was reportedly pursuing last week. The deal gives Sazerac a different approach to add international volume than its failed Brown-Forman pursuit.

Spiked Sports Drink Race Heats Up with 2 Early Leaders, New Entrants

Spiked Sports Drink Race Heats Up with 2 Early Leaders, New Entrants

The spiked sports drink gold rush is on, but two players have already established themselves at the top of the burgeoning “vodka + ade” drink segment. Following the success of Surfside Iced Tea + Vodka, Stateside has another hit in its portfolio with the addition of Super Lyte, which launched earlier this year.

Diageo Cut 1,900+ Jobs in FY26; 90% of Restructuring to Be Completed by September

Diageo Cut 1,900+ Jobs in FY26; 90% of Restructuring to Be Completed by September

Diageo CEO Sir Dave Lewis has refused to share publicly the number of jobs the company is cutting as part of its ongoing $1 billion restructuring effort. However, the company’s annual report released Tuesday revealed Diageo cut its workforce by more than 6% in its 2026 fiscal year.