As we hover on the edge of a possible recession, with inflation reaching a 40-year year high in June, it’s no surprise that UK consumers are tightening their belts.
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A landmark event pioneered in 2021 will return to the UK this year, uniting a diverse cross-section of businesses in the hospitality sector.
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New Zealand’s latest harvest will help to re-build stocks following a small and disappointing crop in 2021, which has led to a “significant shortage” of wine, New Zealand Winegrowers has said.
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Treasury Wine Estates (TWE) has added a new bag-in-box (BiB) release to its high performing 19 Crimes portfolio, with the launch of its Revolutionary Rosé now available.
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The latest financial results from English wine producer Gusbourne have reinforced the strong position of the category within the UK market.
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A new report issued by the IWSR is full of encouraging news for the international beverage industry. According to the organisation's Drinks Market Analysis, the value of global alcohol sales grew 12% last year to reach US$1.17 trillion, while volume rose by a more modest 3% in 2021.
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This year 2021 saw a partial recovery of global consumption after the doldrums of 2020, the OIV said in its latest update. However, 2022’s outlook is looking increasingly uncertain due to the turbulence posed by the global supply chain crisis, the war in Ukraine and mounting energy prices.
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Britain’s managed restaurant and pub groups’ delivery and takeaway sales remain more than double pre-Covid-19 levels – but trading has dipped year-on-year as consumers resume their out-of-home eating habits.
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A wet and cool 2021 is likely to result in “heterogenous vintage” for Bordeaux, with large gaps in quality between appellations and estates predicted to result in significant numbers of “indifferent wines”.
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With sales exceeding all expectations, the drink for good times is back on top form, finds James Bayley.
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A slew of Australian producers which have been forced to reorient themselves following China’s government-imposed trade tariffs were on show at Australia Trade Tasting (ATT) on Thursday, where a renewed ‘buyer-only’ mentality aimed to find new homes for wineries left with major holes in distribution.
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Burgundy is struggling to keep up with rising demand, as a record revenue-producing year in 2021 now puts pressure on winemakers to make the most of depleted stocks.
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Viña Concha y Toro (CyT) has reached a ‘milestone’ in its sales career, with more than half of the company’s wine revenues stemming from higher-value products.
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January saw the lowest rate of online retail growth ever at a slump of -24.4%, according to the IMRG Capgemini Online Retail Index, which tracks the online sales performance for over 200 retailers. At category level, beer, wine and spirits fell even further, reaching an average of -26.6%.
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Exports of British gin have fallen for the second year running, according to the latest HMRC figures released yesterday.
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The UK’s leading English sparkling wine brand, Nyetimber, enjoyed a record year in 2021 in both sales and production. Following its largest ever harvest, Nyetimber’s UK sales increased by 55% on the previous year. Situated in the south of England, the 30-year-old winemakers saw sales in Europe grow by a whopping 89%.
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Multinational Pernod Ricard has posted record turnover from sales during the first half of the fiscal year (beginning July 2021), earning global revenues of €5,959m, with an organic growth of +17%.
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Harpers columnist Tim Atkin MW has launched the 2022 edition of his Rioja Report – the seventh in-depth study, published via Atkin's website.
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Italy's premier traditional method fizz saw encouraging sales growth in 2021, jumping beyond pre-pandemic levels to a record 20.3 million bottles.
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Leading craft spirit producer Cotswolds Distillery has unveiled plans to construct a new dedicated distillery for its whisky, allowing the firm to dramatically increase production.
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