Plenty to drink to if you're in the liquor business
Spirits are high in the alcohol business right now, as liquor distributors are optimistic about business, according to a survey of senior employees.
The study by financial services giant Morgan Stanley found that there is much reason for the U.S. alcohol industry to say “cheers” to right now.
“The majority of respondents are optimistic about the outlook for their business,” Morgan Stanley’s team, headed by Oliver Nicolai, wrote, according to Bloomberg Markets. “Among U.S. distributors, 53 percent of our respondents are more optimistic about the next 6 months vs. 40 percent in our April survey.”