Last week we reported the that one of America’s biggest distilleries, , saw a decline in sales by nearly a quarter in Q2 of this year. More bad news for the spirits industry arrived yesterday when , one of the biggest spirits companies in the world, reported a drop in profits by nearly a third over the past year, something that it appears was not entirely unexpected.

is the British company that owns major brands like Guinness and , American whiskeys like and , and many of the most popular distilleries including , , and Port Ellen. In mid-July, the CEO, Debra Crew, left the company, but no replacement has been announced as of yet. According to The Guardian , reported a decline in operating profit by 28 percent in the year leading up to this past June compared to the previous year, and

See Full Page