Liquor Sector News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Around three months back a small liquor company, which has not been covered by any analysts and ignored by the street, announced that sales of its recently launched single malt had crossed a certain threshold. The market cap of the company went up three times in less than two months. After that stock has corrected but still is quoting very close to the high it had formed post the news. That is the power of a brand and also the fact at this point in time, the street is hungry for any new idea and a possible success story has led to this kind of reaction. But there is another thing which needs t...

One set of companies which probably read the manifesto of political parties very carefully before any state elections are liquor companies. The reason is prohibition, a part of their election promises. If not they have a sigh of relief. But soon after elections, there is another headache which the liquor are reasonably sure that they would have to deal with is increase in the state taxes on liquor. Given the fact that every state is eager to raise its resources, a large number of times, liquor as a product is something which is low hanging fruit for raising revenue for the state. But despite a...

The South African Liquor Brandowners Association (SALBA) welcomed the move to level 1 of the lockdown.