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Conviviality breakup likely as £125m fundraiser fails

Published:  28 March, 2018

Conviviality Plc has failed to raise the £125 million needed to recapitalise the business following a tumultuous month which saw three profit warnings, its market value tumble, shares suspended and the departure of CEO Diana Hunter.

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Conviviality to file for administration after failing to raise emergency funds

Published:  29 March, 2018

Conviviality has confirmed the board has resolved to file notice of intention to appoint administrators following discussions with its lending banks.

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Cash strapped Conviviality looks to equity fundraise to meet £30m tax bill

Published:  16 March, 2018

Cash strapped wholesaling group Conviviality has announced it is in talks to begin equity fundraising in to plug a £30m tax shortfall which is due on March 29.

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Fever-Tree continues to lead the premium pack by adapting to low-cal and dark spirit trends

Published:  13 March, 2018

Fever-Tree accounted for 91% of the value growth of all mixers on the UK’s retail shelves last year, as the UK-based company continues to lead the march of premium mixers.

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Sparkling drives growth as inflation bites down on average prices

Published:  12 March, 2018

Volume sales of alcohol continued to decline in the UK off-trade in 2017, but value sales increased in both yearly and quarterly sales, particularly in sparkling wine, which remains the main driver of growth for the overall wine category.

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Jerry Lockspeiser: Plan or passion - what's the key to business success?

Published:  05 March, 2018

“I realise just how few grand theories I have, to what an extent the Blizzard was created by a series of small individual decisions without any great defining vision behind it, how we keep muddling through….we still tend to judge things by how interesting we find them rather than by what traffic they may generate…”

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Skyrocketing Aperol lifts Campari’s spirits

Published:  28 February, 2018

Italian spirits group Campari has posted strong annual results boosted by the success of Aperol.

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Solid wine growth at Distell backed by R22 million investment to mitigate effects of drought

Published:  23 February, 2018

Distell Group’s results for the six months to 31 December 2018 report revenue up 9.3% on increased volumes of 3.7%, up to R13.4 billion (£828 million).

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Pernod extends Wincanton partnership

Published:  22 February, 2018

Pernod Ricard has renewed its long-standing partnership with Wincanton in the UK.

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Profits jump 25% at Pernod Ricard

Published:  08 February, 2018

Pernod Ricard is celebrating rising profits of 25% in the first half of the 2018 fiscal year, with growth driven by stronger demand in China, India and at its travel retail division.

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‘Time running out’ for wine & spirits free trade warns WTSA

Published:  02 February, 2018

Representatives from the UK and European drinks industries have called on politicians to ensure the cross border free trade of wine & spirits remains post Brexit.

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Conviviality Retail to ‘accelerate growth’ with £25M acquisition of over 100 Central Convenience Stores

Published:  15 December, 2017

Conviviality, the alcohol wholesaler, distributor and high street retailer, is to buy 109 convenience stores from failed Palmer & Harvey (P&H) through its subsidiary Bargain Booze.

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Leaked documents show UK will stay in single market

Published:  08 December, 2017

The UK will remain a member of the EU's customs union and single market between 2019 and 2021 according to a leaked copy of European Council guidelines for upcoming trade talks.

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Crunching currency

Published:  07 December, 2017

The impact of Brexit on sterling has been a major factor in 2017 trade. Industry insider Hamish Gillespie, finance director at North South Wines, explores how best to mitigate the downside

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BrewDog and Cult Wines on fast-track to success

Published:  07 December, 2017

Scotland’s largest independent brewer, a northern pub and restaurant operator and London based fine wine merchant are the three stand out drinks companies to have made it into this year’s list of the UK’s fastest growing businesses.

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“Mutual recognition” at borders could help facilitate post-Brexit trade

Published:  05 December, 2017

Brexit talks floundered once again yesterday as PM Theresa May was forced to pull out of a deal with Brussels following a row with the Democratic Unionist Party (DUP) over the status of the Irish border.

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Hammond's white cider clamp-down could unfairly hit artisanal producers

Published:  23 November, 2017

CAMRA, the body which represents the interests of the UK beer and cider industry, has expressed concerns that artisanal cider producers who producer higher ABV products could be tarred by the same brush which is intended to increase duty on high-alcohol, cheaply made ciders.

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Naked Wines boosts Majestic half year performance

Published:  23 November, 2017

Majestic Wine said it is ready to “put our foot on the gas and accelerate growth” on unveiling its half year results today.

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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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