Treasury Wine Estates (TWE) has released its HY24 results, which show its operating profit was down 5.8% to $289.8million. The company’s net profit dropped by 11.4% to $166.7 million. TWE said the […]
TWE profit down but hopes high for China revival
Craft beer recession claims another victim
Following the tax excise on beer increasing again on February 5, another brewery has fallen victim to the Australian craft beer recession. The excise has added about 90c to the cost of every […]
Four Pillars appoints international team
Australian craft gin brand Four Pillars has set its sights on the global market with the appointment of an international team. The new international leads across the business are Head of Asia […]
The key to hospitality success in 2024
With every new year comes new hospitality trends, but industry experts are recommending focussing on the basics in 2024 to succeed. It’s been a difficult 12 months for the industry as cost-of-living […]
Penfolds launches Evermore grant program
The inaugural Penfolds Evermore grant round has launched in Australia, with $200,000 made available to support bold and innovative projects that contribute to community and culture. With a focus on three key […]
The No.1 spirit in the Aussie on premise
New data from CGA by NIQ shows vodka is the clear leader when it comes to spirit sales in the on premise in Australia. Vodka has attracted around a third of spirits […]
Coles Liquor acquires 20 Tasmanian bottle shops
Federal Group has sold its 9/11 Tasmanian bottle shops to Coles Liquor as it turns its focus to its core business in hospitality and tourism. Federal Group is a privately owned family […]
Chivas Regal hosts entrepreneur workshops
Chivas Regal has announced a series of workshops as part of its ‘How We Rise’ platform, designed to elevate and inspire the next generation of cultural entrepreneurs. Taking place on Saturday, April 13 with Geedup Co. in Sydney and Saturday, April 20 with Serwah […]
New MD and co-owner for Ambra Spirits
Ambra Spirits has welcomed former Bacardi-Martini executive Finn Healey as its new Managing Director and co-owner. With a 16-year career across hospitality and the drinks industry, Healy was most recently Head of […]
New owners rescue Freemantle brewery
Freemantle-based Running with Thieves Brewery & Distillery has avoided closing its doors after being acquired by the Simm Group of Companies. Simm Group of Companies Founder Michael Simm and business partners Toby […]
