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US tariffs 'put Irish drinks firms at a disadvantage'

The 15% tariff on Irish drinks exports to the US is a "disappointment" that will put the sector at a disadvantage, according to one of the country's leading distillers.

Business • 22 Aug

Remy Cointreau lifts profit view as sales grow

French spirits maker Remy Cointreau reported its first quarter of sales growth since early 2023 and raised its full-year profit guidance today as tariff threats receded.

Business • 25 Jul

Jameson's Irish Whiskey is an examples of a spirit that must be produced in a specific place outside of the US

Spirits industry to seek exemption from Trump's tariffs

The spirits industry is planning to push for an exemption to any universal tariffs on US imports imposed by the incoming Trump administration, a trade body representing top spirits makers told Reuters.

Business • 27 Nov 24

Pernod Ricard sells bulk of wine unit to focus on spirits

Pernod Ricard said today it agreed to sell the majority of its wine portfolio to the owners of Australia's Accolade Wines, disposing of a dragging division to focus on its core business of spirits.

Business • 17 Jul 24

Pernod Ricard said it could make a claim on spirits exported from the US

Pernod Ricard shares rise after ruling boosts profits

Pernod Ricard shares were higher today after the French spirits group said it would book an additional $163m in income before tax in its 2021 earnings.

Business • 25 Aug 21

Spirits made up a 20.5% share of the alcohol product market in 2018

Beer still the top seller but taste for spirits growing

Consumers have a growing taste for spirits, according to a new report published by the Drinks Industry Group of Ireland (DIGI) today.

Business • 11 Apr 19

The maker of Remy Martin cognac and Cointreau liquor is accelerating a drive to sell higher-priced spirits to boost profit margins

China demand for cognac lifts Remy Cointreau H1 profits

French spirits group Remy Cointreau delivered higher first-half profits that came above forecasts, helped by demand for its premium cognac in China and by a tight rein on costs.

Business • 22 Nov 18

Diageo said it approved a share buyback programme of up to £2 billion for the year ending 30 June 2019

Diageo announces buyback after H1 sales rise

Diageo, the world's largest spirits company, announced a £2 billion share buyback programme today and better-than-expected sales growth for the full year, helped by a gin boom in Western Europe.

Business • 26 Jul 18

Wine comprised 27.7% of the Irish drinks market last year

Growing demand for wine and spirits but beer still top

Irish consumers' taste for wine and spirits is growing, a new report from the Drinks Industry Group of Ireland (DIGI) shows.

Business • 18 May 18

Sales of Guinness were up in Ireland, the United States and Western Europe - but they were flat globally

Diageo's revenue grows following acquisition

Drinks maker Diageo has reported a rise in operating profit and revenue on the back of the company’s acquisition of Indian producer United Spirits.

Business • 30 Jul 15

Sales rose slightly for the spirits group but operating profit remained the same

Pernod Ricard operating profits 'flat' in H1

Jameson whiskey's parent company Pernod Ricard has posted a flat first-half operating profit as a crackdown on extravagant spending in China and a struggling US vodka market held back earnings.

Business • 12 Feb 15

Pernod Ricard counts Jameson and Midleton whiskeys amongst its brands

Pernod Richard sees growth despite China slowdown

French spirits maker Pernod Ricard said it had hit its full-year target of around 6% organic profit growth from continuing operations, despite an ongoing slowdown in China.

Business • 29 Aug 13

Diageo talks with Jose Cuervo end without deal

The world's biggest spirits maker, Diageo, has pulled out of long-running talks to buy a stake in top-selling tequila brand Jose Cuervo in a surprise move that could slow its race into fast-growing emerging markets.

Business • 11 Dec 12

Spirits