Netflix’s share price took a tumble recently when its forecast for the following quarter’s revenue was below market expectation. This got me thinking about how we value what we do in business, and especially in the wine trade.
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True hospitality consists of giving the best of yourself to your guests,” once observed Eleanor Roosevelt. But after two years of relentless inflation, compounded by April’s increases in wages and business rates, few operators can still afford to be generous. The UK’s beleaguered hospitality sector finds itself at a critical juncture – venues have already streamlined, simplified and raised prices as far as they dare. Yet further increases may be unavoidable, creating the very real risk of significant impacts on footfall and average spend.
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Three seemingly unconnected business issues thrust themselves into my mind recently. Thinking about them later I realised that far from being unconnected, their combination provides a useful guide to being successful – and more urgently, avoiding the risk of almost certain failure.
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Virgin Wines UK has announced its annual results for the year ending 28 June 2024, showcasing a marked improvement in profitability despite a flat revenue and challenging market conditions.
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More than one in ten British pubs are at imminent risk of closure, with 11% of the UK’s pubs classed as technically insolvent and facing maximum credit risk, according to analysis by accountancy firm Price Bailey.
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The OIV’s inaugural digital symposium unveiled the discoveries of a year-long, wide-ranging look into the future of connected technology and how key areas of development will transform sustainability, profitability and efficiency in vineyards. Jo Gilbert reports.
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In my last post I reflected on the big societal trends that created the context I worked in as a wine entrepreneur over the last 30 years. I continue here with the big trends within the world of wine itself.
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