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Most wine industry's challenges are no different to other sectors, says economist Mike Veseth

Published:  15 August, 2014

Mike Veseth, the celebrated US wine economist and blogger, has dismissed the idea that the dynamics of the wine industry are different to the challenges faced by other business sectors.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  15 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

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Bowmore and Glenmorangie both raise a dram to increased profits and sales

Published:  15 August, 2014

Morrison Bowmore Distillers, a subsidiary of Beam Suntory, and Glenmorangie Company, part of LVMH, both saw sales and profits grow last year, only further confirming the "hot" streak that whisky is currently having

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Top Champagne brands buck decline as sales grow 9%

Published:  14 August, 2014

The top eight Champagne brands are bucking falling sales in the off-trade, as collective sales have grown by 9% in the last year.

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Managed pubs and restaurants see 2.2% sales uplift in July

Published:  14 August, 2014

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William Grant & Sons invests in new global whisky innovation role

Published:  13 August, 2014

William Grant & Sons has promoted Kevin Abrook to become the company's first global whisky specialist for innovation and will start his new role on September 1.

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Price wars and discounters hit overall retail sales

Published:  12 August, 2014

Retailer price wars coupled with the ongoing impact of the hard discounters saw overall UK retail sales slip back for the first time in two years, according to the latest British Retail Consortium /KPMG figures.

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Harpers.co.uk introduces new dedicated finance section

Published:  11 August, 2014

Today Harpers.co.uk introduces a new section of the website that hopes to keep you up to speed with all the latest breaking financial stories affecting the global wine and spirits industry.

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The Smith Report: Exchange rate is it a friend or foe?

Published:  11 August, 2014

The Smith Report takes a look at the opportunities for wine producers in South Africa, where its currency exchange has proven to be both its best friend and its worst enemy.

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Treasury Wine Estates confirms it is in the middle of a bidding war

Published:  11 August, 2014

Treasury Wine Estates issued a statement to the Australian Securities Exchange saying a third global private equity firm has made a proposed bid for the struggling wine conglomerate to buy all outstanding shares for the price of $5.20 cash per share.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  08 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

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Euromonitor finds alcoholic drinks not as price sensitive as trade believes

Published:  07 August, 2014

Euromonitor says the alcoholic drinks industry as a whole is far less price sensitive than the trade has come to believe. 

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Panos Sarantopoulos takes charge of Rémy Cointreau's liqueurs and spirits division

Published:  04 August, 2014

Panos Sarantopoulos has been promoted to chief executive of Rémy Cointreau's liqueurs and spirits division after a successful time headling up Metaxa, the company's Greek spirit business.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  01 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

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Diageo results: sales and profits slide but western Europe stabilises

Published:  31 July, 2014

Diageo released is year-end financial results ending on 30 June 2014 and show that net sales declined and operating profits took a big hit for the 2014 fiscal year.

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Argentina's potential debt default could cause wine prices to fall

Published:  30 July, 2014

Argentina is on the brink of defaulting on debt payments for a second time in 13 years over a dispute with hedge fund investors - such a default could seriously damage the country's wine industry.

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Chinese crackdown on gifting expected to hit Diageo's full year results

Published:  28 July, 2014

The crackdown in China on luxury products and gifting continues to hit major drinks players with Diageo expected to announce a further drop in sales in the country in its full year results this week including another hit on its premium baijiu brand, Shui Jing Fang.

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The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published:  25 July, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, Q&As, and opinion stories.

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Brown-Forman celebrates 2014 as one of the most successful years in its 144-year history

Published:  25 July, 2014

Brown-Forman shareholders celebrated yesterday the success of its 2014 financial results which it said was "one of the company's most successful years in its 144- year history."

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LVMH's wine and spirits business drags down overall performance of luxury group

Published:  25 July, 2014

Louis Vutton Moët Hennessy (LVMH) stock price is taking a hit as financial markets react to the conglomerate's half yearly results announced at close of business yesterday. This morning the stock was trading 6.12% lower, down from yesertday's close €141.25 per share to €132.75 (Bloomberg).

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