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

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

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

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.

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