Spirits boss warns customers could pay more for booze after …

Oct 30, 2024 · The boss of a distillery company has said people might have to pay more for rum, vodka and gin drinks after a hike in alcohol duty in Labour’s Autumn Budget. Hannah Boon, …

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Drinkers Are Cutting Back On Expensive Spirits - Robb Report

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5 days ago · This new venture will focus on spirits priced at $100 and higher (much higher in many instances). According to the announcement, the “luxury international spirits” category is …

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Diageo Warns On ‘extraordinary’ Consumer Environment After Sales …

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Jul 30, 2024 · Diageo reported that sales in the 12 months to the end of June fell 1.4 per cent to $20.3bn, while the volume of drinks it sold during the period dropped 5 per cent as consumers …

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Booze Sales Fall Back To Earth — Except For One Retailer - CNN

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Nov 4, 2024 · Drinkers are pushing back on expensive booze. Link Copied! Rémy Cointreau shares have fallen 50% for the year. The hangover has finally arrived for spirits and beer …

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Wage Rises Will Put 30p On A Pint, Says Pub Chain - BBC News

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Oct 27, 2021 · On Monday, the government said the National Living Wage would rise to £9.50 per hour in April for those over 23 years old. Clive Watson, the chain's boss, said this would cost it …

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FAQs about Spirits boss warns customers could pay more for booze after … Coupon?

Will people pay more for rum & vodka in labour's Autumn Budget?

The boss of a distillery company has said people might have to pay more for rum, vodka and gin drinks after a hike in alcohol duty in Labour’s Autumn Budget. Hannah Boon, the managing director of Distinct Distillers, described the move as ‘disappointing’ and said spirits makers might have to pass on the cost to customers. ...

Will increase in alcohol duty affect rum & vodka customers?

Hannah Boon (left) said the increase in alcohol duty could affect their customers buying their drinks (right) (Picture: Distinct Distillers) The boss of a distillery company has said people might have to pay more for rum, vodka and gin drinks after a hike in alcohol duty in Labour’s Autumn Budget. ...

Will consumer demand for spirits remain strong in the next year?

Hughes: Consumer demand for spirits is expected to remain strong in the next year but the degree of price sensitivity will vary across markets. In Europe, where consumers tend to be more price-conscious, we see greater price elasticity. In contrast, some markets are more resilient and less impacted by price and we adjust accordingly. ...

How will consumer confidence affect the spirits industry?

Consumer confidence is on a low and this affects the spirits industry as a whole. We remain cautiously optimistic about the outlook especially for the second half of 2024 due to a more positive outlook in the general consumer environment driven by lower inflation rates and stronger recovery in emerging markets. ...

Will changes to alcohol duty lead to higher prices & less choice?

Proposed changes to alcohol duty will lead to higher prices and less choice for wine drinkers, the owner of wine merchant Laithwaites has warned. The proposals, contained in October's Budget, were described by Chancellor Rishi Sunak as the "most radical simplification of alcohol duties for over 140 years". ...

Will the government relaunch the wine and spirit trade in 2023?

"After all the effort to relaunch hospitality supply chains in 2022, the government is offering no help in 2023 for the wine and spirit trade - and particularly for the UK's 33 million wine drinkers who will see their - and the nation's - favourite drink hit with a 44p duty rise in the midst of a cost-of-living crisis." ...