Cover Story GTR Creates New Benchmarks Bacardi's Leila Stansfield outlines strategies to improve duty-free shopping, focusing on digital integration and customer engagement to boost sales of premium spirits like Patrón Tequila. She highlights the importance of personalized experiences and educated staff to transform travel retail into a more dynamic sector By Spiritz Desk 23 May 2024
Cover Story Duty-free Stores Need 'Freedom' Amidst a surge in international travel, Ospree Duty Free's CEO, Avishek Bambii Das, explores the evolving airport retail landscape. He emphasizes the impact of increased passenger flow on duty-free shopping and proposes enhancements such as biometric immigration to optimize the retail experience and expand product allowances for travelers. By Spiritz Desk 22 May 2024
Cover Story New-gen World Travellers add to GTR Growth Rising disposable incomes and new airports boost India's airport retail, especially in luxury spirits. Ashish Chopra discusses how duty-free shops cater to this trend with exclusive offerings...[.] By Spiritz Desk 22 May 2024
Cover Story The Booming Bazaar A Look at the Future of Indian Travel Retail The travel retail market is set for significant growth, particularly in Asia-Pacific, led by China and India. With an expected $108 billion value by 2029, the sector benefits from high tourism, increased disposable incomes, and expanding airport infrastructures. India's market alone is anticipated to reach $5.4 billion, propelled by rising travel and consumer spending By Spiritz Desk 22 May 2024
Alert Court directs to fix limit on serving liquor at bars Following a deadly crash by a 17-year-old, a Maharashtra court orders bars to set liquor limits; three restaurant managers arrested for serving minors By Spiritz Desk 22 May 2024
Latest News China threatens retaliatory tariffs on EU wines In a potential trade retaliation, China could target EU wine imports, affecting an $800 million market in response to EU anti-subsidy probes. This follows China's pattern of using trade measures in disputes, reminiscent of the 2014 EU wine probe and high tariffs on Australian wines By Spiritz Desk 22 May 2024
Latest News Tilaknagar Industries’ net profit surges in Q4 Tilaknagar Industries sees a 20.9% increase in net profit and a 10.9% rise in EBITDA for the March 2024 quarter, with revenues reaching Rs 358.8 crore. Sales volumes slightly increased, and the company significantly reduced its debt, aiming to eliminate net debt by FY25 By Spiritz Desk 22 May 2024
Latest News It is raining awards with Malhar John Distilleries' Malhar craft gins have garnered international acclaim, securing multiple awards in 2024. Malhar Citrus received a gold medal in San Francisco and was a top scorer in the UK's Gin Guide Awards, while Malhar Classic Dry won silver and bronze at various global spirits competitions By Spiritz Desk 22 May 2024
Latest News Spreading Magic Moments Magic Moments Vodka, by Radico Khaitan, achieved remarkable FY 2024 sales with over 6 million cases and Rs 1000 crores in revenue, marking a 25% growth. The brand's expansion includes new launches like Pink Vodka and festive Holi Hai Edition, resonating strongly with consumers By Spiritz Desk 22 May 2024
Latest News Net profit of JIL rises Jagatjit Industries Limited announces a 22% revenue increase in FY 2023-24, achieving Rs 708.16 crore and a 13% rise in net profit. Aiming for growth in key Indian regions, the company focuses on premium products and debt reduction, enhancing operations with a new ethanol plant By Spiritz Desk 22 May 2024
Latest News Chhattisgarh to introduce digital payment in liquor vends Chhattisgarh government plans to introduce cashless payments in liquor stores to enhance transparency and customer convenience. This move will standardize prices, streamline sales, and initially focus on premium stores accepting credit and debit cards By Spiritz Desk 21 May 2024
Latest News 12th Man Brewing launches canned craft beer 12th Man Brewing introduces Maharashtra's first canned craft beer in three variants: Hefeweizen, Indian Lager, and Red Gose, inspired by Ole Gunnar Solskjaer’s visit. These beers merge the excitement of sports with distinct brewing styles, appealing to beer enthusiasts By Spiritz Desk 21 May 2024
Latest News Radico partners with Bemakers to advance European distribution Radico Khaitan Ltd collaborates with Bemakers to strengthen its distribution in Europe and expand its direct-to-consumer e-commerce presence. Kunal Madan, VP of International Business, highlights the strategic alignment with Bemakers to drive their 'Made in India' spirits globally By Spiritz Desk 20 May 2024
Latest News Shweta Jain joins The Leela Palaces Hotels Shweta Jain is appointed as the new Chief Marketing and Sales Officer at The Leela Palaces Hotels and Resorts, after significant roles at Diageo and William Grant & Sons. Her extensive experience spans top companies in the marketing and luxury spirits sector By Spiritz Desk 20 May 2024
Alert AIWPA advocates uniform tax regime for the wine sector AIWPA President Jagdish Holkar calls for a consistent national tax structure for wine to simplify inter-state sales and support wineries. Current disparate state taxes up to 100% of wine prices limit market growth and regional distribution By Spiritz Desk 20 May 2024
Latest News Diageo commits investment to decarbonise Dublin brewery Diageo plans a €100m investment in its Dublin brewery for major environmental upgrades by 2030, including renewable energy adoption and a 30% reduction in water use for Guinness. The company will submit a planning application and engage with local communities for feedback By Spiritz Desk 19 May 2024
Alert Probe agency names AAP as accused in Delhi liquor gate In a landmark legal move, the Enforcement Directorate names the Aam Aadmi Party and Arvind Kejriwal in a chargesheet for the liquor policy scam. This marks the first time a political party and Delhi's sitting Chief Minister have been accused, with other senior AAP leaders also implicated By Spiritz Desk 18 May 2024