Hospitality’s recovery from Covid remains “fragile”, new data has shown, as solid growth for Britain’s managed restaurant, pub and bar groups in March was dampened by high inflation.
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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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Last week’s out-of-home drinks sales were 7% up on pre-pandemic levels, CGA’s latest Drinks Recovery Tracker reveals.
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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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The latest figures from DO Rias Baixas, Albariño’s home in ‘green’ north-western Iberia, show a 6.8% increase in volume and 14.8% jump in value sales in the UK in 2021 over the previous year, as the variety continues pull in the punters.
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Rising consumer confidence about safety and the easing of Covid-19 restrictions helped Britain’s managed pub, bar and restaurant groups to a modest increase in sales in January, the Coffer CGA Business Tracker has revealed.
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The UK’s leading English sparkling wine brand, Nyetimber, enjoyed a record year in 2021 in both sales and production. Following its largest ever harvest, Nyetimber’s UK sales increased by 55% on the previous year. Situated in the south of England, the 30-year-old winemakers saw sales in Europe grow by a whopping 89%.
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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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New research from CGA Strategy has uncovered a stark division between hospitality businesses in London and regional cities across the UK, with the latter thriving in the context of a difficult trading period, while London continues to struggle.
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Italy's premier traditional method fizz saw encouraging sales growth in 2021, jumping beyond pre-pandemic levels to a record 20.3 million bottles.
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A five-year snapshot of the retail world reveals just how sales of wines and spirits have been shaken up by the pandemic, as Andrew Catchpole reports.
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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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The easing of Covid-19 restrictions is having a positive impact on drink sales across the on-trade, according to the latest CGA Drinks Recovery Tracker.
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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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Leading bar and restaurant operator Arc Inspirations has signed an agreement with HSBC to borrow £5m, allowing the company to fulfil its plans for expansion and growth.
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Sales of alcohol in the on-trade have continued to lag behind the levels seen in 2020, according to the latest CGA Drinks Recovery Tracker, yet a resurgence is forecast as Plan B restrictions come to an end this week.
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In the first of a regular look at the multiples, Andrew Catchpole sizes up the general health of the sector.
James Lawrence finds the festive season was a mixed bag, with reduced sales in many areas but some sectors exceeding expectations.
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On-trade drinks sales fell by a quarter in the run-up to Christmas as wary consumers avoided pubs, bars and restaurants ahead of socialising on the big day, as Andrew Catchpole reports.
Signs that life is returning to something closer to normal, at least for the UK’s independent merchants, were borne out in London yesterday (17 January) at a well-attended Vindependents tasting in Camden.
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