Latest news with #spirits
Yahoo
5 hours ago
- Business
- Yahoo
Rémy updates tariff guidance in US, China
French spirits major Rémy Cointreau has lowered the net impact it expects to receive from tariffs in China, but increased it in the US. The news was announced in the company's first quarter results alongside an investment in French non-alcoholic spirits business JNPR. In the company's first quarter results for its fiscal 2025-26 period, published today (25 July), the group said it expected total net impact of €10m ($12.9m) from tariffs in China, a cut on the previous €40m forecast. However, for the US, the group said it now expects to see a hit of €35m, which is €10m more than the prior €25m estimate. The improved tariffs guidance in China follows the establishment of a minimum-price agreement between the company and Chinese authorities, the group said. Earlier in July, China's Ministry of Commerce (MOFCOM) confirmed anti-dumping duties were to be imposed on EU brandy imports but some companies will be exempt after agreeing a deal on prices. Pernod Ricard, Rémy Cointreau, and Hennessy were to be exempted, Just Drinks understood at the time. The Mount Gay brand owner added in today's results statement that: "As revised estimates of the impact of customs duties are less than anticipates, the group has opted to reallocate part of its investments, particularly in China." Following the tariffs guidance change, the business said it now expects to see organic decline in current operating profit "of mid-to-high-single-digits", an improvement on the prior expectation of "a decline of mid-to-high-teens". In its first quarter ended in June, Rémy booked €220.8m in total sales, a 1.8% reported and 5.7% organic increase on the year prior. Its Cognac division saw sales decline 3.1% on a reported basis but grow 1.3% organically to €131.3m. Its liqueurs and spirits unit saw sales grow 13.6% on a reported basis and 17.3% organically. In the same results statement, Rémy also announced its investment in a French non-alcoholic spirits brand JNPR. Financial details of the investment, which was made via the group's venture fund Rémy Cointreau Corporate Ventures, were not disclosed. "This investment aligns with Rémy Cointreau's strategy of anticipating and testing emerging consumption trends, such as fast-growing demand for alcohol-free alternatives in France and internationally," the Bruichladdich whisky producer said. JNPR's portfolio includes an alcohol-free spritz and bitter, as well as a range of sugar-free non-alcoholic bottled spirits. The investment is expected to enable JNPR "to accelerate its development in France and in select international markets", Rémy said, adding that as part of the deal, it's ventures arm would "contribute operational expertise in distribution and marketing". "Rémy updates tariff guidance in US, China" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Mexico's Becle shares surge after profit rises fourfold
MEXICO CITY (Reuters) -Shares in Mexico's Becle, the world's largest tequila producer, rose 5% on Thursday, after the company reported a sharp profit increase in the second quarter. The Jose Cuervo maker posted a fourfold rise in second-quarter profit on Wednesday, bolstered by foreign currency exchange gains even as thirst for its spirits dipped in its largest market. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Award-Winning Breckenridge Distillery Makes Bold Entry into Tequila with Launch of Casa Breck
Breckenridge Distillery Unveils Casa Breck: An Artisanal Tequila inspired by the rich traditions of Jalisco and the adventurous spirit of the Rockies BRECKENRIDGE, Colo., July 24, 2025 (GLOBE NEWSWIRE) -- Breckenridge Distillery, an award-winning craft distillery and spirits brand by Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), proudly celebrates International Tequila Day with the launch of Casa Breck Tequila - a bold leap into a new spirits category. Crafted with reverence for tradition and inspired by cross-cultural storytelling, Casa Breck represents a striking fusion of the Rocky Mountains' rugged spirit and the vibrant heart of Jalisco, Courtesy: Breckenridge Distillery Casa Breck Blanco and Casa Breck Reposado are the first offerings in this new line, each one a tribute to the time-honored craftsmanship of Mexican tequila-making. Using hand-harvested blue agave nurtured in the mineral-rich soil of Jalisco and fermented with care and precision, Casa Breck delivers an authentic tequila experience steeped in heritage and elevated by Breckenridge Distillery's commitment to quality. Casa Breck Reposado Tequila is where tradition meets innovation. Our journey began with a bold vision to bring the spirit of Breckenridge to the heart of Jalisco, and that vision is aging beautifully—literally. Breckenridge Bourbon Whiskey barrels are in Mexico, where they are nurturing our Reposado, Añejo, and Extra Añejo tequilas. This marks a new chapter in our story—one where the soul of the Rockies infuses every drop of our tequila with character, complexity, and a sense of place. "Casa Breck was born from our desire to honor tradition while exploring new frontiers in flavor," said Bryan Nolt, founder of Breckenridge Distillery. "Just as our bourbon reflects the soul of the Rockies, Casa Breck channels the sun-drenched hills of Jalisco and the hands of the jimadors who bring this spirit to life. We're excited to share a tequila that feels both rooted and revelatory." Casa Breck Blanco opens with rich cooked agave and vanilla, unfolding into delicate honey and lemongrass, and finishing with a creamy, refined elegance that honors tradition and place. Casa Breck Reposado opens with cooked agave and creamy vanilla, finishing with light caramel and oak, and a touch of subtle black pepper spice. With a suggested retail price of $32.99–$34.99 for Blanco and $37.99–$39.99 for Reposado, each 750ml bottle of Casa Breck is a visual and sensory journey. The packaging evokes a deep connection to Mexico, featuring vibrant colors and artisanal label details that capture attention on the shelf. Crafted with Tradition. Inspired by Culture. That's the soul of Casa Breck—a new chapter for Breckenridge Distillery, and a spirited invitation to explore tequila through a new lens. To learn more about Casa Breck or to make a purchase, visit Follow Casa Breck on Instagram @casabreck. Age 21+. Always enjoy responsibly. About Casa Breck Created in 2025, Casa Breck is the first tequila line from the award-winning Breckenridge Distillery, blending the soul of the Rocky Mountains with the rich heritage of Jalisco, Mexico. Offering premium Blanco and Reposado expressions, Casa Breck is crafted using hand-harvested blue agave and traditional Mexican techniques to deliver a spirit that is both rooted in authenticity and elevated in artistry. Every bottle tells a story—of sun-soaked agave fields, the legacy of jimadors, and a deep reverence for culture and craftsmanship. Casa Breck is tequila reimagined, where mountain spirit meets Mexican soul. About Breckenridge Distillery Founded in Colorado in 2008, Breckenridge Distillery is the 'World's Highest Distillery,' and is best known for its award-winning blended bourbon whiskey, a high-rye mash American-style whiskey. One of the most highly awarded distilleries in the U.S., the Breckenridge Distillery is proudly a 3x Icons of Whisky and 10x winner of Best American Blended winner at the World Whiskies Awards by Whisky Magazine and a 4x winner of Colorado Distillery of the Year by the New York International Spirits Competition. Most recently, Breckenridge Port Cask Finish was named World's Best Finished Bourbon at the 2024 World Whiskies Awards, joining Breckenridge High Proof, named World's Best Blended Whiskey and Breckenridge Gin, named World's Best Compound Gin at the World Gin Awards by Gin Magazine. Breckenridge spirits have been awarded 6 Double Golds at the San Francisco World Spirits Competition. The Breckenridge Distillery is more than award-winning spirits, offering an immersive guest experience. Named as one of the country's Top Visitor Attractions by Whisky Magazine, guests can dine at their award-winning restaurant, enjoy show-stopping cocktails, learn about their highly awarded spirits with an in-depth tasting, and get an inside look at their active production facility. New to the distillery, guests have the opportunity to blend their own whiskey as they learn the inner workings of whiskey production. Breckenridge Distillery is a subsidiary of Tilray Brands, Inc. (NASDAQ: TLRY and TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company inspiring and empowering the worldwide community to live their very best life. To learn more about Breckenridge Distillery, visit Keep up with Breckenridge Distillery on Instagram by following @breckdistillery and become a fan at For more information about Tilray Brands, visit and follow @tilray on Instagram, Twitter, Facebook, and LinkedIn. Forward-Looking Statements Certain statements in this communication that are not historical facts constitute forward-looking information or forward-looking statements (together, 'forward-looking statements') under Canadian and U.S. securities laws and within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be subject to the 'safe harbor' created by those sections and other applicable laws. Forward-looking statements can be identified by words such as 'forecast,' 'future,' 'should,' 'could,' 'enable,' 'potential,' 'contemplate,' 'believe,' 'anticipate,' 'estimate,' 'plan,' 'expect,' 'intend,' 'may,' 'project,' 'will,' 'would' and the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Certain material factors, estimates, goals, projections, or assumptions were used in drawing the conclusions contained in the forward-looking statements throughout this communication. Forward-looking statements include statements regarding our intentions, beliefs, projections, outlook, analyses, or current expectations. Many factors could cause actual results, performance, or achievement to be materially different from any forward-looking statements, and other risks and uncertainties not presently known to the Company or that the Company deems immaterial could also cause actual results or events to differ materially from those expressed in the forward-looking statements contained herein. For a more detailed discussion of these risks and other factors, see the most recently filed annual information form of Tilray and the Annual Report on Form 10-K (and other periodic reports filed with the SEC) of Tilray made with the SEC and available on EDGAR. The forward-looking statements included in this communication are made as of the date of this communication and the Company does not undertake any obligation to publicly update such forward-looking statements to reflect new information, subsequent events, or otherwise unless required by applicable securities laws. For further information, please contact Media: news@ investors@ A photo accompanying this announcement is available at while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
2 days ago
- Business
- Reuters
Pernod Ricard sells Imperial Blue whisky to India's Tilaknagar Industries
PARIS, July 23 (Reuters) - Pernod Ricard ( opens new tab said on Wednesday it agreed to sell its Imperial Blue whisky business division to Indian liquor maker Tilaknagar Industries ( opens new tab, as the French spirits maker boosts its focus on premium labels in its portfolio. The world's No. 2 Western spirits maker said that upon closing, the transaction, the amount of which has not been disclosed, was expected to be "immediately and meaningfully accretive" to Pernod Ricard India's operating margin and net sales growth rate. The transaction remains subject to approval from the competition commission of India, and closing is expected within the coming months, the statement said.
CTV News
3 days ago
- Business
- CTV News
NSLC reports uptick in sales of local wine, spirits
Nova Scotia News NSLC reports uptick in sales of local wine, spirits Maritimers are buying more local alcohol amid the trade war with the United States.
