With prices rising for wines from top Italian DOCs and other producers – thanks to high demand and prices coupled with the collapse in sterling – these are tough times for the UK wine trade, with the pressure on margins tougher than ever.
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Online retailer Naked Wines has lost nearly 40% of its market value after it admitted that lockdown-boosted sales and heightened customer acquisition is likely to see a significant drop in 2023.
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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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With sales exceeding all expectations, the drink for good times is back on top form, finds James Bayley.
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The Portman Group today issued updated guidance to drinks companies on the fast-growing hard seltzer category, after research found there is low understanding among consumers that the drink is alcoholic.
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Having launched their all-African Bayab gin range and Vusa vodka – and with more to come – Spearhead Spirits founders and friends Chris Frederick and Damola Timeyin talk Andrew Catchpole through their mission to put African spirits at the top table
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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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Ian Burrell, the co-founder of African and Caribbean rum brand Equiano, makes the case for protecting Caribbean rum as a local and authentically made protect
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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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Justin Martindale MW and Jonny Orton MW have become the latest Masters of Wine.
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The whisky industry is still suffering from a prevailing “laddish culture” by some consumers and members of the trade who see female employees as a “novelty”, the head of Penderyn’s distillery operations has said.
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As the category picks up pace, Sonya Hook talks to some of the operators hoping to cash in with standalone stores.
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Touted as the future of digital marketing, NFTs (non-fungible tokens) also raise huge questions around provenance, authentication and fraud, says Jo Gilbert, who takes a crypto dive.
Exports of British gin have fallen for the second year running, according to the latest HMRC figures released yesterday.
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A New York-based company, Knighthead Capital Management, has pledged to refinance Corbin & King's restaurants after making an offer to the administrators FRP Advisory.
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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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Mariella Menato, strategy director at drinks design specialist Denomination, talks about the rise of sustainability as a key consumer requirement, and why today, more than ever, it is vital for business success, as well as safeguarding our planet.
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Ecommerce is becoming a major force in global retail, with online sales of BWS achieving a total value of $6.1 billion in the US market last year.
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A hard seltzer might sound like a hangover cure to us Brits, but their power in the low-calorie, low-abv proposition, is not to be sniffed at. Jo Gilbert reports.
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Pernod Ricard has announced plans to distribute American whisky Rabbit Hole in the UK – the first European market to receive allocations of the brand.
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