Published: 29 September, 2020
Drinks giant Diageo has revealed that its outlook for the first half of the fiscal year 2021 has “improved since the year-end”, reversing a moribund earlier forecast for a year that has been rocked by Covid-19.
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The Co-Op has reported record sales over the past quarter, with the fastest share growth in the grocery retail industry for the 12 weeks to 14 June (Kantar). Sales are up 29.1%, bringing their market share to 7.4% – their highest since 2001.
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BI, the fine wine and spirits merchant, has reported something of a boom in its fine wine sales during the era of coronavirus, with sales of both US and Italian wine leading the pack.
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Published: 17 March, 2020
Majestic Wine has realised a statement saying “shelves will stay stacked with wine” after customer stockpiling drove dramatic increases in demand for wines over the weekend.
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Published: 15 January, 2020
Prices for both bulk and grape from California and Washington will continue to ‘drop noticeably’, leading to widespread discounting, according to the annual State of the Wine Industry 2020 Report from Silicon Valley Bank.
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Published: 30 August, 2019
Looking back to December, there was one major trend analysts were backing to have the most influence on the mix of sales and consumer behaviour in 2019.
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Published: 28 November, 2018
With the global 2018 harvests bringing the world’s wine supply back into greater balance, the market is evolving to allow greater fluidity in supply, to the benefit of premium bulk players and smaller volume buyers, with differing formats cited as key to future consumer engagement and sales.
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Published: 14 March, 2018
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Rabobank’s Q3 Wine Report has revealed that global wine inventories are in the main “balanced to slightly tight”, while bulk wine prices for most varietals are “stable or rising”, with 2017 hail and frost damage in European vineyards likely to further impact on these continuing trends when set against a coming shortfall in this year’s northern vintage.
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