Rémy Cointreau’s sales are still declining based on its third quarter financial results, but falls are slowing signalling that the company may finally be stabilising following a Cognac crash that hit China.
Fever-Tree, the premium mixer company, announced yesterday a strong financial performance in the second half of 2014, with sales expected to rise 43% and revenue to grow 49% to £34.7 million.
Quintessential Brands is growing its marketing division with the addition of Nick Williamson, Claire O’Grady, Sam Chandler and new roles for Sinead O’Frighil and Kate Harrison.
Christmas Report: how rum is spicing things up Subscription
Like the other spirit categories, the growth in rum is mainly driven by the premium sector. Spiced rum that is the latest big thing, with sales growing by more than 21% year on year, making it worth an annual £80m. It appears to be particularly popular in Scotland, where it accounts for over 21% of value sales, and at the younger end of the market, while well-aged rums are finding favour with a more discerning, 30-plus audience. Helen Arnold reports.
Nielsen has confirmed that sparkling wine and the main spirits categories were the big winners during Christmas 2014.
Scotch whisky’s £5 billion contribution to the UK economy is worth more than the iron, steel, textiles, shipping and computing industries, a new report has shown.
Spirits brand news
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