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Corby Spirit and Wine expands portfolio with acquisition of Nude Beverages
Corby Spirit and Wine Limited has acquired the Canadian ready-to-drink brand, Nude Beverages.Majority owned by Pernod Ricard, the company is set to pay C$11...
Next Century Spirits bolsters portfolio with acquisition of six Southwest Spirits & Wine brands
Next Century Spirits (NCS) has announced the acquisition of six brands previously owned by Southwest Spirits & Wine (SSW).As per the company's statement, the...
China lifts hefty tariffs on Australian wine, ending three-year trade dispute
China has lifted hefty tariffs on Australian wine, as announced by its Ministry of Commerce.The decision ends three years of punitive taxes that have...
Alcohol prices to increase in Assam as excise department announces new rates from April 1
In an effort to boost revenue and regulate alcohol usage, the Assam Excise Department has announced an increase in liquor prices, which would take...
India-EFTA trade agreement set to boost domestic wine industry: CIABC
Alcoholic beverages makers' body CIABC on Monday said the free trade agreement between India and four European nation bloc EFTA will help push the...
Tinna Trade secures full ownership of Fratelli Wines, becomes India’s second-largest wine producer
Tinna Trade, a company specializing in agricultural trading, has completed a share swap deal to acquire full ownership of Fratelli Wines Pvt Limited. This...
ISWAI calls for inflation-based pricing model to combat shrinking margins in liquor industry
Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due...
Sula Vineyards to open two new tasting rooms next fiscal year, anticipates strong grape harvest
Listed wine-maker Sula Vineyards Ltd plans to open tasting rooms across the country, in addition to launching its fourth and fifth wine-tasting rooms in...
Canned wine company The Uncommon secures £1.2 Million in funding for expansion
UK-based canned wine company The Uncommon has secured £1.2 million in funding from existing and new investors.The funding round, marking the winemaker's most substantial...
Sula Vineyards reports 9% profit surge in Q3, driven by premium label demand and wine tourism growth
Sula Vineyards, the largest wine producer in India, announced a profit surge of over 9% in the third quarter, attributed to growing demand for...
Wine imports soar as India’s affinity for imported varietals hits new heights, reaching $170.48 Million in current fiscal year
Imported wines are gaining popularity in India, the world's largest scotch whisky market by volume. This is fueled by rising disposable incomes and the...
United Spirits reports 63% YoY growth in Q3 net profit, reaches INR 350 Crore
In the October-December quarter, United Spirits reported a consolidated net profit of INR 350.2 crore, marking a 63 percent year-on-year (YoY) increase from the...