Global alcohol giants lose US$830 billion as drinking habits change
www.thedrinksbusiness.com
A global shift in drinking patterns has wiped out more than US$800 billion from the value of leading alcohol companies.

TIL World’s biggest beer, wine and spirits producers have collectively lost $830 billion in market value over just four years. Changing drinking habits and rising health concerns have hit earnings across the sector. Millennials and Gen Z are also not much interested in alcohol.

  • nullify3112@lemmy.worldEnglish
    1·
    3 days ago

    Yeah, there is a difference between an $8 and a $20 cocktail.

    Though I agree with you that too many places will charge a $20 price for a $8 quality.

    • voluble@lemmy.caEnglish
      2·
      3 days ago

      Bars with overpriced drinks hate this one weird trick:

      1oz Campari - $1.10

      1oz Red vermouth - $0.75

      1oz Gin - $1.50

      1 orange peel sliver - $0.1

      Ice

      100% premium ingredients. A dalmation could prepare it. $3.45 cost, sell it for double @ $7.

      I know it’s an unc take, but I just don’t understand where the appetite for $20+ cocktails comes from. Maybe I’m just poor, like the person said below.