The finance director of the collapsed fine wine merchant Mayfair Cellars sold almost 1 million of customers' wine without authorisation and then passed on the proceeds to his partner, according to the administrators report.
Shares in Majestic Wine rose marginally as soon as its results for the year to March 27 were announced, reflecting the market's relief that the figures were almost exactly what brokers had predicted. Last week, some had expressed fears that the pace of Majestic's long unbroken run of record profitability would be slowed.
Two former United Wineries employees - Bill Rolfe and Toby Hancock - have left the company to launch a new wine business, 10 International.
Read more...Some 41 winemakers from Friuli Venezia Giulia will be in London in July for the second UK SuperWhites event.
Read more...A new guide with information for those wishing to visit Scottish distilleries has been published by the Scotch Whisky Association (SWA).
Read more...The Portman Group, the responsible drinking organisation, has decided to issue guidance to retailers after a landmark decision regarding the promotion of gift packs containing alcoholic drinks.
Read more...Mocot delayed by Brazilian officials
Mocot, the new contemporary Brazilian restaurant in London's Knightsbridge, has put back its opening date once again - this time to mid-August.
Intervino, a Lincolnshire-based company launched on 1 April, has secured a 1 million contract to supply a national rewards scheme.
Read more...The controversial president of the Syndicate of Bordeaux and Bordeaux Superieur has been tipped to take over the presidency of the Conseil Interprofessionnel du Vin de Bordeaux (CIVB).
Read more...A proposed 400,000 ha to be removed from production
Non-GI wines allowed vintage and variety on label
No more financial aid for crisis distillation
California wine legend Paul Dolan has been elected as the new chairman of the California Wine Institute.
Read more...The on-trade continues to lose out to the take-home market as the big night in' concept grows in popularity among consumers, a leading industry conference was told earlier this month (June).
Read more...The most expensive case of wine ever sold at auction went for 93,500 ($175,032) at a sale held at Christie's, London, last week.
Read more...The Douro was hit by a heavy hailstorm on the night of 14 June, with some vineyards stripped of grapes and the vines severely damaged. The hail damage hit the Pinho valley and the Rio Torto valley particularly badly.
Read more...Micro-brewery Islay Ales has teamed up with neighbouring distiller Bruichladdich to produce a powerful and heady' beer.
Read more...Wine brand Blue Nun is launching two major consumer sampling campaigns - with lingerie store Ann Summers and fashion retailer Dorothy Perkins. Both campaigns are targetted to reach 18- to 25-year-old females.
Read more...Susan Hulme MW is the latest winner of the Madame Bollinger tasting medal.
Read more...Majestic Wine's shares slumped last week after city gossip predicted that next week's full-year profits announcement will fall well short of analysts' 15 million prediction.
Read more...By Jack Hibberd
The European Commission (EC) has agreed to Spain and France's applications for the crisis distillation' of millions of hectolitres of wine - but has strongly hinted that the current situation is unsustainable and a massive uprooting programme is the only option to deal with oversupply.
Sainsbury's was the big winner at last week's Quality Drinks Awards 2006, scooping five trophies in all.
Read more...
