Sales for the 2014 financial year declined by 7% to €7,945 million due to a unfavourable foreign exchange rates and the Chinese market taking a -23% hit according to Pernod Ricard's annual financial report.
Read more...Stock Spirits saw revenues fall by 10% to €137.7 million as a 15% hike in Polish excise duty hit consumption levels in the six months to June 30.
Read more...A host of the biggest names in Scotch whisky have signed an open letter warning that the business case for Scottish independence "has not been made".
Read more...Virgin Wines celebrated its best month in its 14-year history in July, as its web sales grew 22% year on year.
Read more...Leading light of the global wine trade Baroness Philippine de Rothschild, head of the Rothschild family dynasty, has died aged 80.
Read more...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.
Read more...There are signs that an improving economy are finally being seen in pay packets and salary increases across the country, according to new research from pay specialists, XpertHR.
Read more...Treasury Wine Estates posted a net loss of AUD$100.9 million with net profits tanking, down by 33% for the year to June 30, 2014.
Read more...Farr Vintners has bought Magnum Fine Wines for an undisclosed sum as owner Alan Rayne has retired from the wine trade.
Read more...Angel investor firm Distill Ventures will double the number of places available in its accelerator programme that helps new and growing spirits entrepreneurs launch and expand their brands and businesses.
Read more...Both Tesco (LSE:TSCO) and Morrisons (LSE: MRW) stocks rate of return have declined by nearly 30% over the past year, further signalling the challenges that middle priced grocery chains are facing in the supermarket price wars.
Read more...Constellation Brands announced last week its plans to acquire the Casa Noble Holdings tequila brands
Read more...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.
Read more...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.
Read more...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
Read more...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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Read more...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.
Read more...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.
Read more...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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