Aperol owner Campari Group saw net sales increase 17.9% during the first quarter of 2021, boosted by a strong performance in the US. Aperol’s sales were ‘stable’ during Q1 For the three-month period ending 31 March 2021, Campari Group’s sales reached €397.9 million (US$478m). Group profit before tax soared 112.1% to €64.8m (US$77.8m). The quarter
Food & Drink
4th May, 2021 by Kate Malczewski Former Made in Chelsea star Spencer Matthews has debuted a non-alcoholic ‘spirit’ inspired by Tequila with his low- and no-alcohol drinks company Clean Co. Clean T aims to replicate the flavour, mouthfeel and ‘burn’ of an agave spirit without the booze Clean T comes in at 0.4% ABV and
4th May, 2021 by Nicola Carruthers Gin producer Australian Distilling Co has opened a site in Adelaide, the first of a number of new distilleries planned for cities across the country. L-r: Dr Graham Jones and Michael Hickinbotham Australian Distilling Co has started production at its new site in Stepney, Adelaide, which is part of
4th May, 2021 by Nicola Carruthers The UK hospitality industry has seen sales plummet by £80.8 billion (US$112bn) over the last 12 months, according to new data. Bars and pubs across England will be allowed to reopen for indoor service in May 2021 Data from the UK Hospitality Quarterly Tracker with CGA reported sales from
Non-alcoholic ‘spirit’ brand Lyre’s has been valued at more than £100 million (US$138.7m) after completing its latest seed-plus funding round. Lyre’s has been valued at more than £100m The valuation, achieved in under 24 months of trading, makes Lyre’s the ‘most valuable’ independent non-alcoholic ‘spirit’ brand to date, the company said. Available in 43 countries,