Treasury Wine Estates issued a statement to the Australian Securities Exchange saying a third global private equity firm has made a proposed bid for the struggling wine conglomerate to buy all outstanding shares for the price of $5.20 cash per share.
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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.
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The rising political tensions between the EU and Russia and the subsequent sanctions against the country may not have an impact on EU wine imports.
Read more...Euromonitor says the alcoholic drinks industry as a whole is far less price sensitive than the trade has come to believe.
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"Of all the gin joints, in all the towns, in all the world, she walks into mine." Humphery Bogart as Rick Blaine, Casablanca.
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Diageo's sixth annual global world's best bartender competition came to a close last week with Charles Joly from the US beating 47 other mixologists in a week long series of challenges held across London.
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Waitrose is following its supermarket brethren Tesco and Morrisons with a lower profit warning, but the upmarket chain still is expecting profits to rise by 4.5%, albeit down on last year's stellar increase.
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Bob Rishworth will be semi-retiring from his role as the board director at Halewood International in order to focus on his own consultancy business.
Read more...Scottish independent wine merchant Peter Wood is shaking up his online sales by taking a Naked Wines approach and offering customers to "buy wine with us not from us".
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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.
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Last month we gave you a sneak preview of British heart throb Jude Law's new new short film promoting Johnnie Walker Blue Label and now here is the real thing in all its glory.
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Pavilion, the restaurant, is the latest addition to the TARDIS-like, six floor luxury serviced office complex of that name, created by the founder of Foxton's estate agents, Jon Hunt and daughter Emma.
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Diageo released is year-end financial results ending on 30 June 2014 and show that net sales declined and operating profits took a big hit for the 2014 fiscal year.
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Argentina is on the brink of defaulting on debt payments for a second time in 13 years over a dispute with hedge fund investors - such a default could seriously damage the country's wine industry.
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The wine world needs to let go of its obsession with China, and stop believing that the market can solve all its problems, according to Margareth Henriquez., chief executive of Krug, the top branded Champagne house.
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The crackdown in China on luxury products and gifting continues to hit major drinks players with Diageo expected to announce a further drop in sales in the country in its full year results this week including another hit on its premium baijiu brand, Shui Jing Fang.
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In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, Q&As, and opinion stories.
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Albion Racing Club Captains: Making beverages cool or bust!
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Brown-Forman shareholders celebrated yesterday the success of its 2014 financial results which it said was "one of the company's most successful years in its 144- year history."
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Louis Vutton Moët Hennessy (LVMH) stock price is taking a hit as financial markets react to the conglomerate's half yearly results announced at close of business yesterday. This morning the stock was trading 6.12% lower, down from yesertday's close €141.25 per share to €132.75 (Bloomberg).
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