Wall Street analysts see the positives as Brown-Forman seeks savings – in part via job cuts – to “position the company for continued growth”.

UK-based spirits maker Distil has granted Global Brands with full distribution rights for its portfolio in the UK.

WhistlePig Whiskey CEO Jeff Kozak is stepping down from the US distiller to “pursue other opportunities”, the company has said.

A media report in France has indicated LVMH's Champagne is being sold into Russia through US duty-free distributors.

US-based Spindrift Beverage Company has sold a majority stake to private investment firm Gryphon Investors, and appointed a new CEO.

Australia-based drinks firm Lion and White Claw owner Mark Anthony Brands will end their distribution deal for the RTD brand later this year.

Keurig Dr Pepper (KDP) has made a series of executive changes, including developing a new position to head up its energy-drinks business.

More than 600 Brown-Forman workers are to lose their jobs as the spirits and wine maker seeks to realise up to $80m in costs savings.

Neil Everitt, the founder of UK gin business Brockmans, has been appointed chair of Scotch whisky group Compass Box.

While still a small part of the global alcoholic drinks industry, the market for non-alcoholic alternatives continues to grow – and continues to attract investment from the industry’s major players.

Kevin Pietersen, the former England cricketer, has made an undisclosed investment in new Indian spirits group Ardent Alcobev.

North American drinks business Tilray Brands is cutting more than 300 SKUs from its beverages business as part of its growth plan.