Fiona Rutherford - Profile and Journalist Details
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Fiona Rutherford
Verified
U.S. Healthcare Reporter, Bloomberg News
New York
Beats
Russia, High Yield DebtFixed Income, Central and Eastern Europe Restructurings, Middle East Distressed
Business, health, education
Content
By Fiona Rutherford Verified, Sabah Meddings Verified| Bloomberg News Verified Cases of Corona and Modelo beer sit on display for sale. (Bloomberg) -- A spending pullback by Hispanic shoppers is emerging as a major factor in slowing US beer sales, especially for brands that have long relied on that consumer group. Just eight of the top 25 beer brands in the US are growing this year, according to retail data from Bump Williams Consulting that was shared with Bloomberg. Hispanic consumers have long been a cornerstone of beer’s growth, industry experts say.
By Fiona Rutherford Verified| Bloomberg Tax Verified The flutes might soon be a little less full at one New York City champagne bar, thanks to sweeping US tariffs on European imports that include French wine and champagne. Hervé Rousseau, the owner of Flûte Bar, said he’s considering pouring about 10% less per glass for French bottles to avoid raising prices, and he plans to be upfront with customers. “We’ll explain what we’re doing, even do some Instagram Reels to talk about it,” he said.
By Fiona Rutherford Verified, Sabah Meddings Verified| Bloomberg News Verified Cases of Corona and Modelo beer sit on display for sale. (Bloomberg) -- A spending pullback by Hispanic shoppers is emerging as a major factor in slowing US beer sales, especially for brands that have long relied on that consumer group. Just eight of the top 25 beer brands in the US are growing this year, according to retail data from Bump Williams Consulting that was shared with Bloomberg. Hispanic consumers have long been a cornerstone of beer’s growth, industry experts say.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
United Arab Emirates, United Arab Emirates
+1 212-318-2000
Founded: 1981