Published: 20 February, 2014
Diageo has fired a warning shot against any possible British departure from the European Union and the risks it would have on not only its business but the future of key markets such as the Scottish whisky industry. This could be exacerbated further if Scotland chooses to become independent later in the year.
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Published: 20 February, 2014
Half-year operating profits at Treasury Wine Estates fell by 38% to A$45.8 million, which it blamed on increased marketing and distribution investment and challenging conditions in Asia and Australia.
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Published: 13 February, 2014
Pernod Ricard saw a slight sales increase in the UK, but said Jacob's Creek struggled in a wine market that is "highly sensitive to promotion" in the first half of the year.
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Published: 13 February, 2014
The online wine retailer Naked Wines has promoted Eamon FitzGerald to managing director of its UK operation
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Published: 12 February, 2014
The Indian Supreme Court has ordered the acquisition deal between Diageo and United Spirits to maintain 'status quo' until April when the matter can heard at length in a court of law.
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Published: 07 February, 2014
Erin Smith assesses the currency map as the pound continues to gain ground
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Published: 06 February, 2014
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Published: 30 January, 2014
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Published: 30 January, 2014
It has been a challenging week financially for two major players in the drinks trade; Remy Cointreau SA credit rating was downgraded on Monday to 'negative' and Treasury Wine Estates requested a trading halt on Tuesday until the ASX opens tomorrow.
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Published: 29 January, 2014
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Published: 20 January, 2014
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Published: 16 January, 2014
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Published: 13 January, 2014
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Published: 20 December, 2013
Liv-ex, the global market place for fine wine specialists, has released its report on the fine wine market for 2013. Find out the key trends, the issues and how the market is set to decline for a third unprecedented year. Subscribers can download the special report.
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Published: 27 November, 2013
Treasury Wine Estates (TWE) has announced today that its executive leadership team, which included five brand business unit leaders and four regional business units, will be reduced to three roles consisting of one chief marketing officer and two regional chief commercial officers, effective immediately.
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Published: 22 November, 2013
Treasury Wine Estates has signed a further deal this week with Accolade Winesto provide packaging and production services for several brands based in California, including its Geyser Peak, Atlas Peak and XYZin brands.
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Published: 07 November, 2013
The hangover continues for Treasury Wine Estates (TWE) following its AUD $160 million write down earlier in the year; TWE now faces a lawsuit by Melbourne City Investments and second potential class action lawsuit funded by IMF Ltd and Maurice Blackburn lawyers who, to date, have only publicised their potential intent to undertake a shareholder class-action case against TWE but who have not, at this stage, commenced any legal proceedings.
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Published: 21 October, 2013
If spirit companies are to generate growth in a depressed market they are better to concentrate on protecting margins than trying to drive volumes, according to Rabobank, financial experts for the drinks industry.
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Published: 23 August, 2013
Norwich-based Naked Wines has announced it has secured a third round of funding of £6.4 million from German WIV Wein International AG, a founding shareholder in the company, bringing the total amount invested by WIV in the online retailer to £15.4 million.
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Published: 22 August, 2013
Treasury Wine Estates has seen annual net profits slide by 50% due to one-off charges on unsold wine in the US, but sales in the UK have shown signs of recovery in recent months.
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