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.

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

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

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

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