A new strategic plan from Naked Wines has been announced by the online retailer, including the aspiration of reaching £10-15m annual earnings before earnings before interest, taxes, depreciation and amortisation (EBITDA) in the medium term.
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Virgin Wines, one of the UK’s leading online wine retailers, has announced a new growth strategy which aims to increase the company’s yearly revenue to £100m within five years. This would represent a substantial increase as the retailer's revenue for the 2024 financial year stood at £59m.
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Rum officially broke the £1bn sales barrier in the UK in 2018, just one year after gin, while riding high on a reputation for being a bartending favourite and the high-energy drink that takes partying to the next level.
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C&C Group, the drinks manufacturer-distributor whose ownership portfolio includes Matthew Clark Bibendum, Tennent’s Lager and Bulmer’s cider, saw its earnings before interest and tax (EBIT) increase to €76-78mn for the 12 months ending 28 February 2025. This compares to €60mn for the same period the previous year.
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An emerging global data picture courtesy of the IWSR shows that wine sales are diverging from that of spirits, beer and ready-to-drink (RTD) beverages, as alcohol spend around the world continues to lag behind disposable income.
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As the usual business headwinds seemingly turn to a howling gale, we once again
ask the independent merchants’ sector for their take on what the year ahead holds.
Félix Solís saw growth among a number of its brands within the UK market in 2024. This included an impressive +85.3% volume increase for its Mucho Más wine brand, according to figures from Nielsen MAT.
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Bodega Argento, one of Argentina’s leading wine producers, has entered a new distribution agreement with Freixenet Copestick in a bid to strengthen its presence in the UK market. The partnership, set to commence on 1 January 2025, will see Freixenet Copestick take on the distribution of Bodega Argento’s premium wine range across the UK.
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Freixenet Copestick has entered a strategic partnership with Spain’s Zamora Company to distribute its wines in the UK and Northern Ireland, starting from 1 September 2024.
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In the second of our spring indie surveys, Andrew Catchpole invited feedback on service and the foibles of the punter.
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The Good Wine Shop has expanded to a fifth site, taking over a former Oddbins site in St Margarets, Twickenham.
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C&C Group has appointed Harriet Kininmonth to the newly created position of wine trading director.
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Flint Wines has signed a deal as the UK distributor of New Zealand estate, Huia Vineyards.
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Online beer, wine and spirits (BWS) sales soared the week commencing 27 June as England prepared to play Germany for a place in Euro 2020.
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Kiwi wine brand Ara Wines has introduced what it claims to be the first alcohol-removed Marlborough Sauvignon Blanc in the UK.
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Alliance Wine has added two new members to its board of directors, effective immediately.
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Argentinian wine and rosé were two of the alcoholic beverages which saw a “remarkable uplift” in retail sales during lockdowns and restrictions in 2020, according to the latest WSTA Market Report.
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Latimer Vintners has appointed ex-sommelier Caroline Brangé to head up its on and off-trade sales, working closely with London’s hospitality establishments as they prepare to re-open their doors.
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Driven by Covid-19 lockdowns and closure of the on-trade, the at-home occasion has helped consumers reconnect with wine, with Brits having increasingly embraced wine drinking within the comfort of their own home during the pandemic, according to IWSR research.
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Hallgarten & Novum Wines has evolved its online ordering with the launch of a new customer ordering app.
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