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Supreme Court clears path for 50p-per-unit minimum pricing in Scotland

Published:  15 November, 2017

Scotland is set to become the first country to introduce minimum unit pricing (MUP) on alcohol after the UK Supreme Court rejected a challenge by the Scotch Whisky Association (SWA).

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EU and UK wines and spirits chiefs launch joint Brexit proposition paper

Published:  19 October, 2017

European and UK bodies responsible for the wider wine and spirit industry have joined together to publish a joint position paper to outline their stance on Brexit.

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Price-savvy Brits look to eastern Europe as Majestic sales soar 400%

Published:  21 August, 2017

Eastern European wine sales are up 400% at Majestic as Brits look to avoid price hikes due to the impact of Brexit.

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TWE's Tom King joins the WSTA board

Published:  21 August, 2017

Dan Townsend’s successor at Treasury Wine Estates (TWE) has joined the board of the Wine and Spirit Trade Association (WSTA).

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Investors “lose confidence” in M&S following food and drink decline

Published:  11 July, 2017

A disappointing drop in food and drink sales at Marks & Spencer has put a dampener on CEO Steven Rowe’s recovery plan for the retailer. 

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Majestic Wine ‘past tipping point’ as £1.5m loss offset by rising footfall and sales

Published:  15 June, 2017

Majestic Wine’s full-year reported profit before tax has revealed a loss of £1.5 million, set against a 15.8% rise in sales and 12% growth in the company’s customer base to 825,000 active customers.

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D&D Wines: Angove’s five year battle to get paid

Published:  08 June, 2017

Many readers will recall the collapse of D&D Wines in 2012, leaving numerous wine suppliers from around the world owed large amounts of money for wine supplied. In such cases there is not usually much left for unsecured creditors once the liquidators have taken their fees. However, Australian producer Angove Family Winemakers was in an unusual position, which gave it a prospect of being paid in full. But Angove had to battle with D&D’s liquidators for nearly five years, and all the way to the UK Supreme Court, to obtain payment.

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BrewDog UK sales jump 97%

Published:  31 May, 2017

Craft beer darling BrewDog has revealed turnover of £72 million in 2016.

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Sales almost double at Conviviality

Published:  25 May, 2017
Conviviality, the owner of Bargain Booze, has seen sales nearly double in the past year to pass the £1.5bn mark. 
  
The independent alcohol wholesaler and distributor, which agreed a £60m deal to acquire wine, spirit and beer distributor Bibendum in May last year, said sales were up from £841m to £1.56bn in a trading statement released this morning (52 w/e to 30 April, 2017).


Net debt was £99 million – “comfortably below” Conviviality’s target, it said, adding the positive results were in line with the board’s expectations.
    

The integration of Bibendum, together with wine wholesaler Matthew Clark which it bought in 2015, was “progressing well”, said chief executive, Diana Hunter.  


"Our focus will continue to be on improving the business and ensuring that benefits are realised from our greater scale, as we drive efficiencies for the group and greater service for our customers.”

Conviviality, which re-organised its activities into three business units during the year – Direct, Retail and Trading, reported growth for each, with sales up 6.4%, 6.1% and 1% respectively. 

"We have come to the end of an unprecedented year of change and I am pleased to report a strong trading performance for the group and for each of its business units,” said Hunter.

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Jerry Lockspeiser: That's your bloody GDP. Not ours.

Published:  10 February, 2017

Mark Carney, the Governor of the Bank of England, recently announced an increase in the annual growth forecast for the UK economy from 1.4% to 2%. But things may not be as good as they sound.

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Mixers see highest growth of soft drinks driven by health trend and premiumisation

Published:  29 March, 2017

The Fever Tree effect is responsible for the rapid growth of mixers over the past 12 months.

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"Worrying" times for Sainsbury's as supermarket points to unstable climate for sales set-back

Published:  16 March, 2017

Sainsbury's has warned of "very competitive" trading conditions in the wake of the post-Brexit sterling slump as the supermarket suffered a slight sales decline in the fourth quarter of the financial year.

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Snapshot of gin as it's crowned the king of Christmas spirits' growth

Published:  08 March, 2017

The gin renaissance has been in full swing for some time now, but new data has confirmed its position as the major cause of excitement - and growth - in the spirits category.

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Sales of bourbon predicted to explode in the UK over next five years

Published:  03 March, 2017

Sales of bourbon could rival those of Scotch in the UK over the next five to ten years new data has shown.  

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Halewood makes its first foray into beer

Published:  02 March, 2017

Halewood Wine & Spirit has acquired a majority stake in Lake District brewery Hawkshead marking its first foray into beer.

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South African bulk wine takes a tumble as exporters play up premium

Published:  24 February, 2017

New data shows that bulk wine diminishing in volume and value dogged the success of South African wine in the UK in 2016.

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Asda shows some recovery after troublesome 2016

Published:  23 February, 2017

Asda bosses said there is still a "lot of work to do" after the most recent sales figures showed some recovery for the ailing supermarket.

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Christmas came early for Malbec at Concha y Toro

Published:  21 February, 2017

The nation's thirst for Argentinian wine has showed no signs of being quenched with Concha y Toro reporting sparkling Christmas sales for Bodega Trivento.

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Rising demand in the US following sterling slump drives Scotch exports to three-year high

Published:  16 February, 2017

In the wake of the Brexit vote and the subsequent slump of the pound, the only upside was that the UK's exports seemed poised to become more attractive to oversees buyers.

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Californian value sales soar globally and in the UK despite currency depreciation

Published:  15 February, 2017

US wine exports - 90% from California - reached a record $1.62 billion in winery revenues in 2016, driven by the global reach of premumisation.

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