Ancram's newest wine and spirits shop, Fulton & Forbes, opened at the end of March. The wine selection focuses on classics from around the world with an emphasis on small, independent growers and producers as well as Northeast spirits.
French exports of wine and spirits fell last year from a post-COVID peak as inflation clipped consumer demand and distributors in the lucrative U.S. market cleared existing stocks, industry group FEVS said. Wine and spirits are one of France's biggest export earners. The sector has become increasingly reliant on foreign sales as declining domestic consumption has hit some production areas such as Bordeaux, contributing to recent protests by farmers.
These are the best athlete-owned and -backed wine and spirits brands on the market, from the likes of Travis Kelce, Michael Jordan, LeBron James, Alex Morgan, and more.
Moët Hennessy, the luxury wines and spirits division of LVMH, is expanding product categories in India to meet growing demand. CEO Philippe Schaus revealed that the Indian market is still in its infancy, but profitable. The company is betting big on India and has made significant investments, including in the Chandon winery in Nashik. Moët Hennessy is introducing new brands, exploring opportunities in whisky, and focusing on high-end dark spirits.