Federvini said upscale venues drew just 5% of visits but accounted for more than 34% of wine and after-dinner consumption.

Nestlé is creating a new business to house its bottled water and premium beverage brands, as the Swiss conglomerate seeks to recalibrate its portfolio in the wake of anemic growth.

Premium sales keep lifting market value, but oversupply, weak U.S. volumes and collapsing agave prices are reshaping the industry

Young professionals and bartenders drive demand for sophisticated tequila drinks, redefining cocktail culture in major cities like

Shift toward quality, mindful drinking and premium experiences contrasts with regional disparities and ongoing industry challenges across the country

Shift toward quality, mindful drinking and premium experiences contrasts with regional disparities and ongoing industry challenges across the country

Future of alcohol industry to focus on premium strategy

(Reuters) -Tonic maker Fevertree Drinks said on Thursday it would equally split costs of the 10% tariff to be imposed on the UK imports to the U.S. with brewer Molson Coors (NYSE:TAP), as part of their recent tie-up to mitigate the short-term impact. Fevertree also said that Charles Gibb, its North America CEO, will step down and be succeeded by Judd Hausner, who brings extensive experience from the U.S. beer network. The British company, known for its premium cocktail mixers, counts the United States as its largest market, where it continues to deliver strong momentum bolstered by its partnership with the U.S. beer maker Molson Coors. In January, Molson Coors took a stake in Fevertree, securing exclusive rights to distribute and market the British company’s cocktail mixers and tonic waters in the U.S. Fevertree reiterated its annual revenue growth forecast.