Tequila is stealing a march on other spirits categories, with an impressive 94% growth spurt in two years underpinning the rise of the Mexican spirit in the UK.
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Out-of-home food and drink sales are in growth in all of Britain’s 10 biggest city centres, with higher spend-per-visit driving growth rather than footfall.
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The latest financial results from English wine producer Gusbourne have reinforced the strong position of the category within the UK market.
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A new report issued by the IWSR is full of encouraging news for the international beverage industry. According to the organisation's Drinks Market Analysis, the value of global alcohol sales grew 12% last year to reach US$1.17 trillion, while volume rose by a more modest 3% in 2021.
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Inflation and price squeezes have impacted sales of FMCG products in the multiples over the past 12 weeks, including alcohol. However, in actual terms, alcohol is still a more profitable sector than pre-pandemic.
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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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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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The purveyor of bar-quality pouches of popular cocktails talks to Andrew Catchpole about the explosive growth in ready-to-drink.
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January saw the lowest rate of online retail growth ever at a slump of -24.4%, according to the IMRG Capgemini Online Retail Index, which tracks the online sales performance for over 200 retailers. At category level, beer, wine and spirits fell even further, reaching an average of -26.6%.
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Exports of British gin have fallen for the second year running, according to the latest HMRC figures released yesterday.
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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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Global exports of Scotch whisky grew to £4.51bn during 2021, according to figures released today by the Scotch Whisky Association (SWA), as the industry continues to recover from the impact of the Covid-19 pandemic and US tariffs.
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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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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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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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Leading craft spirit producer Cotswolds Distillery has unveiled plans to construct a new dedicated distillery for its whisky, allowing the firm to dramatically increase production.
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Wine oversight body Vinpro has urged South Africa’s winegrowers to use the pandemic crisis as an opportunity “to revive, recover and rebuild,” adapting current business models to better cope with a rapidly changing world.
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Leading fine wine and spirits merchant Bordeaux Index posted a record sales value of $174m (£128m)in 2021, with turnover rising by almost 50% year on year.
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Ecommerce is to remain a key driver of value growth in global alcoholic drinks markets, with wine to the fore. Andrew Catchpole reports.
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The BWS category suffered one of its poorest performances on record in November, plummeting -21.4% versus the same month in 2020, as consumers rushed out of their houses to socialise and shop ahead of the fear of potential new December 2021 lockdowns.
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