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Wines in the press, April 9-11

Published:  11 April, 2011

The Guardian

At almost every supermarket tasting, the first wine you'll come across is a line-up of Pinot Grigios, as they tend to be the white wines with the least personality, and almost act as a palate cleanser, says Fiona Beckett.

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Sterling hits low as euro offers more to investors

Published:  11 April, 2011

Sterling hit a five-and-a-half month low against the euro in early trading this morning on expectations that interest rates in the euro zone would continue to rise at faster rate than in the UK.

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Oddbins to be sold within seven days

Published:  09 April, 2011

Oddbins' administrators Deloitte are hopeful that the off-licence chain will be sold within seven days, as more speculation about bidders emerges.


It seems likely that, as happened First Quench, which collapsed in 2009, the 89-strong chain will be split up. What is not yet clear is whether new owners would continue to operate under the Oddbins fascia.


A former insider told Harpers Wine & Spirit there are a total of "seven bids on the table for varying numbers of stores".

 

Administrator Lee Manning told Harpers: "We are hopeful of a sale within seven days being completed. Meanwhile we are trading as normal and have not closed any stores."

 


Another well-placed source told Harpers that aside from Simon Baile and partner Henry Young's bid to take on 40 or 50 stores in the London area; Laki Christoforou, who owns wholesaler Venus as well as around 20 Wine Rack stores, will also bid. A "secret consortium" made up of former senior Oddbins staff is said to be third group to have put in an offer for the capital's sites.

 

BrandInvestGroup, which runs around 20 stores in Scotland under the Winehouse and Cellar No1 brands is said to have tabled an offer for some of the Scottish shops - there are 23. The group was established in 2009 by former investment banker George MacRitchie and Philip Craig, former head of Jim Beam Brands in Europe. In September last year the pair said they hoped to expand their estate to around 50 sites within two years. The company capitalised on the collapse of First Quench to buy its current sites.

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De Bortoli invests in 'soil puffer machine'

Published:  08 April, 2011

De Bortoli has invested in a soil puffer machine and claims to be the first Australian winery to own one.

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Trade warned after Chapoutier wine theft

Published:  08 April, 2011

The trade has been urged to take care when buying M.Chapoutier wines after stock was stolen en route to Cert Octavian's Hoddesdon warehouse last week.

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Malibu kicks of summer campaign with limited edition bottle

Published:  08 April, 2011

Malibu has launched a colourful limited edition bottle in collaboration with up-and-coming designer Nikki Farquharson.

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Laithwaites Wine wins ECMOD, best business award

Published:  08 April, 2011

Laithwaites Wine has won the All Round Best Business Award 2011, organised by the catalogue and home shopping organisation,  ECMOD.

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Bordeaux 2010: the round-up

Published:  08 April, 2011

This has been a busy week for the trade, who headed off en masse to deliver their verdicts on the en primeur tasting for Bordeaux 2010's "stunning", monumental" wine.

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Bank of England holds interest rates

Published:  08 April, 2011

The Bank of England did as expected and kept interest rates on hold for the 25th month in a row.

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Exclusive: Baile in frame to buy Oddbins back?

Published:  07 April, 2011

Simon Baile is lining up an audacious bid to buy Oddbins from its administrators, Harpers understands.

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Wines of Germany to hold UK generic tasting

Published:  07 April, 2011

Wines of Germany is holding its first generic trade tasting in the UK for five years on the back of the Riesling & Co world tour visit to theUK.

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Diageo GB brings Captain Morgan to Morgan's Spiced

Published:  07 April, 2011

Diageo GB, is bringing the figurehead Captain Morgan to its Morgan's Spiced brand in a bid to give the golden rum based spirit drink a unique personality.

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Inside Burgundy wins André Simon award

Published:  07 April, 2011

Inside Burgundy by Jasper Morris MW, has won the 2010 André Simon award for best drinks book.

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Liv-ex and Vine open temperature-controlled storage chamber

Published:  06 April, 2011

Liv-ex - The Fine Wine Exchange and logistics provider, Vine, have trebled their warehouse space by opening a new temperature-controlled wine chamber within London City Bond.

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Kingsland Wines and Spirits to invest £1 million at Irlam site

Published:  06 April, 2011

Manchester-based independent supplier, Kingsland Wines and Spirits is to invest in excess of £1 million at its Irlam based site.

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Whisky producers raise money for Japan appeal

Published:  06 April, 2011

The 'Spirit of Unity' whisky produced by a group of independent Scottish distilleries in aid of Japan's disaster relief effort has raised £5,900 within 24-hours.

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Positive service sector figures sees sterling gain ground

Published:  06 April, 2011

Sterling benefitted from some better economic data here in the UK and negative sentiment elsewhere.

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WDR launches duty + VAT calculator

Published:  05 April, 2011

The Wilson Drinks Report has launched new online calculator to help retailers work out the lowest permissible sales price when the ban on selling alcohol below cost is implemented.

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Hungarian Wine Society launches to UK market

Published:  05 April, 2011

The Hungarian Wine Society has been launched with the aim of bringing a broader range of the country's wines to the UK market.

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English sparkling wines to showcase at Vinitaly

Published:  05 April, 2011

For the first time English Sparkling wines are to be showcased at Vinitaly.

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