All articles tagged with #alcohol industry
US President Donald Trump announced the removal of a 10% tariff on Irish whiskey during a golf event in Ireland, leveling the playing field with UK spirits. The decision follows a controversial visit where he also advocated for Irish reunification, despite protests and trade tensions.
The CEO of Brown-Forman, parent company of Jack Daniel's, states that increasing marijuana use is exerting pressure on the alcohol industry, contributing to recent profit declines, as more consumers substitute cannabis for alcohol. This trend is supported by various studies indicating a shift in consumer preferences, with marijuana viewed as less harmful and increasingly used as a substitute for alcohol, especially among younger adults. International trends show similar patterns, and industry experts predict continued challenges for alcohol sales amid expanding cannabis legalization.
Sean 'Diddy' Combs has withdrawn all allegations in his lawsuit against Diageo, ending their business relationship and resolving all disputes. The rapper had previously accused the spirits giant of neglecting his brands, DeLeón Tequila and Ciroc Vodka, due to race, but has now dismissed the lawsuit, suggesting a settlement has been reached. This comes as Diddy faces other legal challenges, including settling with his ex, Cassie, over allegations of sexual and physical abuse, and facing lawsuits from three other women for similar claims.
Sean "Diddy" Combs has withdrawn his lawsuit against Diageo as part of a settlement, with the spirits giant now the sole owner of Ciroc vodka and DeLeon tequila. The lawsuit, filed last May, accused Diageo of neglect and racism, but the details of the settlement remain undisclosed. Diageo denied the allegations, and Combs' reputation suffered after being sued by R&B singer Cassie for alleged abuse, a lawsuit that was settled a few days after it was filed.
The Wisconsin Assembly has passed a bill to overhaul the state's liquor laws, which would streamline and update the laws governing the production, distribution, and sale of alcohol. The bill has broad bipartisan support and is expected to be signed into law by Democratic Governor Tony Evers. The proposal would create a new division within the state Department of Revenue to oversee and enforce the state's alcohol laws. The bill affects every level of the state's alcohol industry, including the three-tier system, which has been criticized for not keeping up with changes in the industry. The bill has the support of major players in the industry, including Anheuser-Busch Companies and the Tavern League of Wisconsin.