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Feb. 26, 2026
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Food and beverage

For first time in 45 years, spirits surpass wine in sales: report

February 14, 2024

Last year marked the first time in 45 years that spirits surpassed vino in sales. Image credit: LVMH/Cloudy Bay Last year marked the first time in nearly half a century that spirits garnered more sales than wine, though top-tier growth is changing the segment's outlook. Image credit: LVMH/Cloudy Bay

 

By Emily Iris Degn

The U.S. wine industry concluded 2023 with mixed results, but the high-end sector saw some gains.

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Rolls-Royce drops in at Oberoi Concours d’Elegance
IHG introduces Regent Spa concept
Capri Holdings fills CFO, COO role