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Synopsis “On-trade continues to be adversely impacted, both store openings and footfalls. It remained restricted and there are restrictions on capacity, on timings and the size of social gatherings around the country. So on-trade still remains subdued,” she added in her first interaction with investors after she joined the company in April. Agencies USL on Friday announced it has sold its stake in technology start-up Hip Bar for about ₹52 lakh, nearly three years after investing ₹27 crore in the alcohol delivery platform. United Spirits (USL), the country’s largest liquor company, s...

Global alliance unites for safe online alcohol sales 29th January, 2021 by Melita Kiely Spirits producers, online retailers and delivery platforms have formed a new global alliance to establish a ‘robust’ global standard for the online sale and delivery of alcoholic beverages. The IARD has partnered with 12 global companies to promote safe online sales and deliveries Companies involved in the alliance include the Retail of Alcohol Standards Group, Uber Eats, Hip Bar in India, Jumia in Africa and jd.com in China, to name a few. As a ‘world first’, the coalition will work to develop a...