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Wednesday, October 21, 2026 · 32 stories

India tax probe targets Diageo, Pernod over bulk Scotch

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Plus 31 more stories, including Carlsberg's $700M India IPO and Pernod's FY27 warning
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WED 10.21.2026  ·  32 STORIES  ·  ADD YOUR TEAM

The Lead
Tax authorities in India are looking into whether Diageo and Pernod Ricard wrongly classified bulk Scotch whisky imports under the UK-India free trade agreement, according to The Drinks Business. Both companies reject the claim.
Also at: Just Drinks
Pernod Ricard expects US and China sales to keep sliding through FY27
Pernod Ricard posted a 0.9% organic decline in first-quarter net sales, with the three months from July to September totaling €2.23 billion ($2.5bn), as 19% growth in India was offset by a 10% fall in the US and a 25% drop in China. Executive VP of finance and technology Mauve Croizat, speaking to analysts on 15 October, called the quarter "mixed" and said the company expects US and China sales to keep declining in fiscal 2027 on inventory adjustments, though not with the same weight seen in Q1; overall FY27 sales are expected to be "broadly stable." Croizat said Pernod's US transition from Republic National Distributing Company to a new network is complete and was "relatively smooth," with the focus now on holiday-season execution, and that the company does not expect a "material bounceback" in the US. She also confirmed discussions about an IPO of the Indian business remain ongoing pending board approval, telling analysts the timing "will still take a few months, but not that much more."
The Briefing
Carlsberg A/S is getting ready to publicly file for a $700 million IPO of its India operation, with a filing expected this week. Investor roadshows are due to start next week. NewsBytes
Kendall Jenner's 818 Tequila grew volume sales 73% in the four weeks ending Sept. 5, versus a 0.4% decline for the over-$25 category, per NielsenIQ data cited by the company, after Sazerac took a minority stake and exclusive U.S. distribution on April 28. The growth comes as the broader segment softens: U.S. tequila and mezcal revenue fell 4.1% to $6.4 billion in 2025, and Diageo's Casamigos U.S. net sales dropped 27.7% in its fiscal year ended June 30, with Don Julio down 19.2%. AOL
Craft beer showed possible end-of-year momentum heading into fall despite continued year-over-year declines, per Circana's latest monthly report. Anheuser-Busch's Golden Road Mango Cart cracked the top 30 following a price adjustment. Brewbound
Fawn Weaver is opposing a demand for a bond of at least $60m that Farm Credit Mid-America and receiver Phillip G Young Jr want attached to her bid to delay any sale of Uncle Nearest's assets while she appeals the company's receivership. Weaver says no signed purchase agreement exists to justify the figure and that she has liquidated personal assets and lacks the funds to post it; the Tennessee whiskey maker has been in court-ordered receivership since August 2025 after defaulting on debt the lender now puts at more than $120m. The Spirits Business
Amber Beverage UK, the UK sales and distribution arm of Amber Beverage Group and sister company to Stoli Group, has been placed in administration under BDO after efforts to sell the business as a going concern failed, MD Pavel Verblyudenko confirmed. The majority of the unit's 27 staff were made redundant with immediate effect, and the future UK handling of brands including Stoli and Elit vodkas, Bayou rum, Cenote tequila and Tulchan gin was not immediately clear. Drinks Intel
Also at: Just Drinks · The Sun
California's wine grape vineyard acreage dropped 8% over the year to 439,115 acres, according to a report cited by Vinetur. Weak demand, excess supply and financial strain pushed growers to pull vines. Vinetur
5PM NYC's autumn 2026 Barometer Report, built from 109,975 listed prices across 2,254 menus in all five boroughs, pegs the citywide median cocktail at $16, with beer at $9 and wine at $14. The Margarita was the most widely listed cocktail (48% of menus, $15 average), Tito's Handmade Vodka the most-listed spirit (21% of menus, $15 a pour), and only 17% of venues listed a non-alcoholic cocktail. The Spirits Business
At the 50th Annual Impact Marketing Seminar, Gallo Chief Commercial Officer Britt West and Stateside Brands' Clement Pappas discussed innovation and brand building, with Pappas saying Surfside, which crossed 11 million cases last year, could reach 16 million cases in 2026. West said 43% of consumers who bought a 200ml box of Barefoot this summer were new to wine or returning after a year or more away, part of an effort to lower the cost of wine trial closer to a spirits mini, single-serve beer, or RTD. Shanken News Daily
Calebrate tracked 1,403 announced retail launches across more than 160 retailers in Q3 2026, with weekly launch activity rising from 88 in July to 112 in September. The report distinguishes between new product innovation and distribution expansion. BevNET
A UK alcohol industry watchdog upheld a public complaint that Anheuser-Busch InBev's BeatBox could appeal to underage drinkers, requiring the brand to alter its packaging. Brewbound
Also at: BevNET
PepsiCo is shutting a bottling plant in Knoxville, Tennessee, laying off 112 workers across manufacturing, maintenance and warehouse operations, per a WARN filing. Staff were notified on October 19, and the company said it is working to reassign workers to nearby facilities. Just Drinks
Florida's Tripping Animals Brewing has secured US label approval for three beers tied to Grand Theft Auto 6: Pißwasser, Patriot, and No Mames Vice City. Rockstar has not confirmed any deal, per TweakTown. TweakTown
Argentina's wine exports rose 24% in September, per Wine Industry Advisor. Wine Industry Advisor
MetLife Stadium, the New York Giants and New York Jets extended their long-term partnership with Constellation Brands' Corona and Modelo as Official Cervezas of the venue. The renewal adds a title sponsorship of the stadium's Beer Garden in the Tailgate Zone, team-themed events at bars across the Tri-State market, and continued operation of the Modelo Cantina, along with retail and packaging rights across the NY/NJ marketplace. PR Newswire (Wine & Spirits)
Drinks Intel manually analyzed every available menu from World's 50 Best's 2026 lists of the 50 Best Bars of Europe and Asia, finding savoury cocktails (miso, olive oil, beetroot, beef jerky) prominent, particularly in Asia. On tequila serves, it cites Wilde Toast research that the classic margarita's momentum is waning while the spicy margarita leads, and argues brands may find less-crowded, cheaper opportunity in third- and fourth-wave serves such as the toreador, el diablo and ranch water, noting Bacardí's St-Germain helped drive a 1,300% rise in searches for "hugo spritz" over five years. Drinks Intel
Pernod Ricard has signed a two-year promotional tie-up for Absolut vodka with singer and songwriter Charli XCX, who will work with the brand on limited-edition drops, collectable items, custom glassware and fan events. Specifics were not disclosed, with Pernod Ricard saying "what's coming next isn't mapped out"; the deal follows Absolut's mid-June 'official vodka partner' status with Madonna's album Confessions II. Drinks Intel
Campari Group has rolled out "Pass The Courvoisier," what it calls the brand's first global marketing campaign in close to 20 years, tying the cognac's VS expression to house-party energy across TV, social media, and out-of-home. Campari said the campaign begins "a major long-term creative platform shift," with further repositioning news due in 2027; it bought Courvoisier from Suntory Global Spirits for $1.2bn in a deal finalized in 2024, and the brand's sales rose 6.3% year on year in the first half. Drinks Intel
Adult non-alcoholic spirits brands, which long pursued major retail placements, are now turning to bars and restaurants, BevNET reports. BevNET
Diageo has apologized after a caustic soda spill from one of its Johnnie Walker distilleries damaged a burn in Moray, Scotland, harming wildlife. The company faces possible prosecution over the damage. The Times
Also at: Just Drinks
UK-based Canned Wine Group has acquired New Theory, a fellow UK business that markets low-intervention wines from South Africa. Just Drinks
A free trade agreement between India and New Zealand is now in force, giving Indian goods duty-free entry and setting new tariff terms for New Zealand exports including wine, apples and honey. The deal also opens 5,000 work visas for Indians. PTC News
eStCru, a California winery founded in 2020 by Tim Mynett and a business partner, shut down in April after House Oversight Chairman James Comer said it had sold empty barrels to investors "under the guise of wine to be aged"; Omar's 2023 disclosure listed a stake worth $15,001 to $50,000, which jumped to $1,000,001 to $5,000,000 the following year. Mynett's and his partner's lawyers denied the fraud allegations to the Minnesota Reformer, and the matter has been referred to the House Ethics Committee. Fox News
Also at: dailymail.com
Heineken and Amazon have launched Pubscription, a free age-gated Fire TV app piloting in the UK that lets users browse participating Star Pubs by "genre" such as sports pubs or relaxed locals, invite friends, and redeem four vouchers a month (one per week) for a Heineken or Heineken 0.0. Built with Amazon Ads' Brand Innovation Lab, the service follows Heineken research of 2,000 UK adults in which 38% said they would go out more if finding a venue were as easy as finding something to watch. Morning Advertiser
The 2026 Chishui River Forum ran October 16-18 in Maotai Town, Guizhou, China, under the theme "Interweaving Harmony, Advancing with the Times." Leaders from 46 alcoholic-beverage institutions across 13 countries, plus cultural figures and experts, discussed drawing on traditional Chinese brewing philosophy to preserve tradition while pursuing innovation and sustainable growth. Caixin Global
The Court of Session in Edinburgh ruled for Diageo Scotland in a nuisance claim brought by Thomas and Gail Chalmers, who said ethanol evaporating from casks at Diageo's bonded warehouses near their Bonnybridge home fed a fungus called Baudoinia that blackened the property. Lord Young found the discolouration did not go beyond what a householder near an established industrial estate must tolerate, granting a decree of absolvitor in the action launched in 2014. STV News
Tripping Animals Brewing, based in Doral, Florida, has won TTB approval for three Grand Theft Auto-inspired beers: Pißwasser (approved September 29), No Mames Vice City (October 9) and Patriot (October 15), with No Mames Vice City listed as a 6% ABV lager carrying GTA VI branding. Neither Rockstar Games nor the brewery has confirmed a collaboration, and pricing, timing, and whether the beers will sell nationwide or only in Florida remain unclear. Dexerto
New Releases
Italian vermouth maker Strucchi enters the US with PM Spirits
The Spirits Business
Strucchi, the Italian vermouth and bitter brand launched in 2024 by Paolo Dalla Mora, has signed Brooklyn importer PM Spirits to bring it stateside, its first market beyond Europe after rollouts in the UK and Greece. Four expressions arrive first in New York, Bitter Rosso plus Vermouth di Torino Rosso, Bianco and Dry, with wider national distribution and a fifth expression, Bitter Bianco, to follow. The vermouths are made under the Vermouth di Torino IGP using Piedmont wormwood, fuller-bodied white wines from central and southern Italy, and grain-based spirits.
NEW YORK FIRST
Wine Industry Advisor
The 2023 Continuum, the Mondavi family's estate wine from their Pritchard Hill vineyard, is now available in wholesale markets across the United States. Wine Industry Advisor reports the vintage marks 50 years of winemaking for Tim Mondavi.
US WHOLESALE, NOW
Wine Industry Advisor
Champagne Fleur de Miraval has released ER5, the fifth edition from the house devoted exclusively to rosé Champagne, marking a decade since its first release. The excerpt describes the bottling as the culmination of a ten-year creative journey; no pricing, format, or availability details were stated.
Cygnet brings its Infinity non-alc botanical spirit to the US
The Spirits Business
Welsh brand Cygnet, founded by singer Katherine Jenkins, has launched its non-alcoholic botanical spirit Infinity in the US, following the UK debut in December 2025. Built on the recipe for the brand's Cygnet 22 gin, Infinity is made with Manuka honey, lion's mane, Siberian ginseng, schisandra berry, capsicum, and chrysanthemum, and is designed to be sipped on its own rather than imitate gin. Cygnet entered the US market in late 2025 with Southern Glazer's, alongside a portfolio that includes Welsh Dry Gin and cask-aged Cygnet 77.
US

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