Aug 4- Forget Milwaukee and Brooklyn- Lagos and Dar es Salaam are the new brewery hot spots, according to U.S. mutual fund managers as they tap Africa's emerging beer companies in pursuit of long-term returns on investment. Africa is expected to see the largest increase in the legal drinking age population by 2018, while in western Europe and North America, the...» Read More
CNBC's Jane Wells reports wine production in the U.S. is estimated to be up 20 percent. Trinchero Family Estates is investing in expansion.
Alcoholic drinks maker Diageo does not need to buy rival Beam, its chief executive officer said, since it is expanding its line of whiskeys.
Craft beer sales are booming, but one beer style is standing out from all the rest: the India Pale Ale. But it wasn't always this way. A look how IPA became so popular.
After more than 20,000 wines were reviewed, Tom Matthews, Wine Spectator executive editor, reveals the top wine for 2013. Mathews describes how they scale their wines and what factors go into selecting the number one wine.
Flavien Desoblin, owner of Brandy Library in Manhattan, says "you don't have to spend a lot of money," in sharing some of the best spirits to sip on Halloween.
A new Morgan Stanley report says the world is running out of wine. John Kapon, Acker Merrall and Condit, and Andre Mack, Mouton Noir Wines owner, provide perspective.
Starbucks CEO Howard Schultz urges President Obama to work with Congress to refine the Affordable Care Act.
Starbucks CEO Howard Schultz feels his latest quarter is a "significant accomplishment." He provides insight into the company's earnings data, its new Teavana bars in New York and how the political debate is impacting business.
After building a business over years, many craft brewers wonder whether it's time to plan for the next generation to take over.
Dunkin' Brands is citing strong sandwich and beverage sales, with the "Street Signs" crew. Herb Greenberg, weighs in.
Brewers from Boston and St. Louis are putting local beer and food on the line in a friendly wager as their teams head to the Fall Classic.
Starbucks is opening its very first Teavana tea bar in Manhattan. Its CEO Howard Schultz wants to bring the "romance and theater" it did for coffee, to the tea category.
Very few bars serve drinks that cost a small fortune. An exception is the King Cole Bar at the St. Regis New York.
The beer industry has the largest amount of breweries in operation since Prohibition, but insiders say the brew business still has room to grow.
Crown Imports hopes to grow Modelo into the same size as its popular Corona brand.
PepsiCo reported higher earnings on Wednesday and said it was on track to meet its financial goals for the year, despite global economic pressures.
Budweiser is bringing back "Project 12," releasing three new brews named for the ZIP codes where the recipes were created.
The craft beer brewery industry thrives on new products, but this cannot happen without Federal approval, reports CNBC's Jane Wells.
Ever wanted to drunk dial Congress? Now you can, CNBC's Jane Wells has the details on "Drunk dial Congress," which was created by Revolutionary Messaging.
Christian Davis, editor of Drinks International and Alex Kratena, head bartender at Artesian Bar, discuss why Artesian is ranked the world's best bar.