As many as 20% of UK adults now do not drink alcohol, according to the latest British Lifestyles report from Mintel. At the same time, 47% of those who do drink alcohol have cut back their consumption.
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Specialist importers Red Squirrel and The Knotted Vine have announced they are merging to form a completely new importer and distributor supplying the UK’s restaurant and independent trade.
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Traders have found the release of Bordeaux’s 2018 vintage “perplexing” and “frustrating”, according to a report from Liv-Ex.
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Joe Fattorini
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Taking a punt on heuristic pleasure, Joe Fattorini, head of London sales at Fields, Morris & Verdin, calls for wine shortcuts rather than rules
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Global alcohol consumption fell back by 1.6% in 2018, according to new data from the IWSR, with some 27.6 billion nine-litre cases being consumed.
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The UK remains the world’s second biggest importer of still and sparkling wine, analysts have confirmed - despite the era of high volume wine sales being “over for good”.
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Scottish-based Inverarity Morton is using its second ever outing at London Wine Fair (LWF) to advance its focus on supplying the English trade, with a round of new agencies in its portfolio.
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South American producer Santa Rita Estates (SRE) says it doesn’t regret ploughing $25 million USD into sustainability initiatives over the past five years, despite sustainable and organic cues having less sway with consumers.
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Restaurant groups saw sales plummet by nearly 20% this Easter, according to figures from the Coffer Peach Business Tracker.
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Head of London sales at Fields, Morris & Verdin
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Tesco is celebrating the biggest leap in profits since it was shaken by an accounting scandal five years ago, having seen annual pre-tax profits jump 28.8% to £1.67 billion.
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Lanchester Wines has bolstered its growing sales team with two new hires in the north and south west.
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US wine exports to the UK have seen a slip in value but a rise in volume, thanks largely to a growth in buyer interest in a previously difficult-to-source section of the market.
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Global Brands has reported a 19.5% sales increase, taking turnover to over £50 million to 30 September 2018.
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Total turnover for Champagne reached a new high of €4.9 billion in 2018, up 0.3% on 2017, although volumes fell by 0.8% to 301.9 million bottles.
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Head of London sales at Fields, Morris & Verdin
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The demand for Italian aperitifs is still going strong, after sales of Aperol jumped 56% in the UK last year.
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Education and tourism were the key factors behind Portugal’s double-digit value growth in the UK last year, according to Sonia Vieira, marketing director of ViniPortugal.
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JOE FATTORINI
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