A summer heatwave, dubbed Lucifer, has swept through Europe, causing temperatures as high as 47 degrees fahrenheit. As a result, farmers such as those in Lombardy and Franciacorta started their harvests two weeks early. According to Italian farmers association Coldiretti, Italy’s 2017 harvest is expected to decline by 10 to 15% in comparison to previous years.
According to the Brewers Association mid-year 2017 growth report, the U.S. craft beer market saw a 5% increase of volume production for the first six months of 2017. Furthermore, their report reveals that at the end of June, there were 5,562 operating breweries, with 2,739 breweries still in the works.
Grapevine Pinot Gris Virus (GPGV) was discovered in undisclosed Australian vineyards. GPGV attacks Pinot Gris vines causing delayed bud burst, leaf distortion, and yield loss, and can be spread via infected propagation material and possibly by bud and blister mite.
Diageo CEO Ivan Menezes had a 35% pay cut, while CFO Kathy Mikells had a 50% pay cut, as a result of missing long-term targets. According to The Spirits Business, one incentive was a 6-11% growth in compound earnings per share, and they missed their goal as growth only amounted to 3%.