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UK wine and spirit industry boosts economy with £76bn contribution

Published:  10 June, 2024

A recent report by the Wine and Spirit Trade Association (WSTA) has highlighted the substantial economic impact of the UK's wine and spirit industry, which contributed over £76bn to the economy in 2022. This marks a significant increase from the £49bn reported five years ago.

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Bordeaux’s 2023 En Primeur campaign: A mixed bag with glimmers of hope

Published:  06 June, 2024

As Bordeaux's 2023 en primeur campaign concludes, the wine community takes stock of its vital signs, and while the vintage falls short of 2022's heights, there are noteworthy successes according to Part II of Wine Lister’s 2024 Bordeaux Study.

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The battle to preserve The Oxford Artisan Distillery

Published:  05 June, 2024

The Oxford Artisan Distillery (Toad) has become a cherished local institution since its inception. Known for its handcrafted spirits, the distillery prides itself on using sustainably farmed, heritage grains and traditional distilling methods. However, recent developments have cast a shadow over its future, leading to a campaign to keep Toad in its current location.

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CTSI report: Nearly half of wine in UK pubs and bars is short-measured

Published:  28 May, 2024

A report released by the Chartered Trading Standards Institute (CTSI) has revealed that 70% of beer and wine served in UK pubs and bars is short-measured, resulting in significant financial losses for consumers. The study highlighted that an average beer drinker is losing approximately £88.40 annually, while a wine drinker loses around £114.40 per year due to under-pouring.

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WSTA chief urges government action for £35bn UK wine sector

Published:  21 May, 2024

At the London Wine Fair 2024, Miles Beale, chief executive of the Wine and Spirit Trade Association (WSTA), delivered a comprehensive ‘State of the Nation’ speech, reflecting on the past four and a half years of the UK wine market under various government administrations and outlining the sector’s needs from the next government.

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Pernod Ricard reports stable Q3 sales amid market challenges

Published:  25 April, 2024

Pernod Ricard, a global leader in the spirits and wine industry, has reported robust performance in its third-quarter sales figures, indicating improving momentum across various markets. Despite challenges in certain regions like China and the US, Pernod’s premium international spirits portfolio and broad geographic footprint have largely mitigated the impact.

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Campari Group expands Aperol production capacity

Published:  22 April, 2024

Campari Group is set to double the production capacity of Aperol by expanding its Novi Ligure Plant, the group’s largest production hub globally.

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UK inflation decline prompts interest rate uncertainty

Published:  18 April, 2024

UK inflation slowed less than expected last month, despite the rate of price increases falling below that of the US for the first time in two years.

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Nyetimber to buy The Lakes Distillery in £46m deal

Published:  03 April, 2024

English sparkling wine producer Nyetimber has agreed a deal in principle to buy The Lakes Distillery in a £46.1m deal. 

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Fine wine market shows signs of recovery

Published:  02 April, 2024

Signs of economic recovery are starting to appear in the fine wine market after a year of consistent declines. The industry benchmark, the Liv-ex 100 index, has been in freefall since March 2023, dipping 14.6%, whilst the broader Liv-ex 1000 index has fallen 15.3%.

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WSTA takes aim at Gareth Davies on duty

Published:  26 March, 2024

The government is using public health arguments as a “thin veneer to maintain market distortions” Miles Beale, chief executive of the WSTA, has said in a rebuttal of the claims made by Gareth Davies at the Westminster Hall debate earlier this month.

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Majestic ‘exploring’ purchase of Vagabond Wines

Published:  21 March, 2024

The UK’s largest wine retailer, Majestic, has confirmed it is “exploring a deal to purchase all or part of the Vagabond Wines business”.

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Naked Wines hires debt advisers Interpath

Published:  18 March, 2024

Online wine retailer Naked Wines has hired debt advisers to explore refinancing options amid financial difficulty.

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Alcohol duty frozen till February 2025

Published:  06 March, 2024

The government dashed hopes of a cut to alcohol duty following the announcement of the Spring Budget today (6 March) by chancellor Jeremy Hunt.

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Inflation drains Treasury coffers by £600m

Published:  21 February, 2024

Soaring alcohol inflation has made an explosive hole in HMRC’s receipts, new figures reveal.

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Accolade Wines taken over by consortium

Published:  05 February, 2024

Accolade Wines, Australia’s second-largest producer, has been taken over by a consortium of investors led by Bain & Co, the US-based management consulting company.

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Caring to sell The Ivy Collection for £1bn

Published:  29 January, 2024

Billionaire restaurateur Richard Caring has put his £1bn stake in The Ivy and its spin-off restaurants up for sale.

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US becomes Fever-Tree’s biggest market

Published:  25 January, 2024

Mixer producer Fever-Tree saw its total revenue rise by 6% in the year-end 31 December 2023, a figure below market expectations.

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D&M achieves record Christmas sales

Published:  17 January, 2024

Drake and Morgan, operator of 17 premium bars and restaurants in London and Manchester, has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022 (4 weeks to 31 December 2023).

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2023 Champagne shipments down 8.2%, 'as expected'

Published:  15 January, 2024

Le Comité Interprofessionnel du vin de Champagne (CIVC), the organisation grouping the actors of Champagne production and trade, has revealed that total Champagne shipments in 2023 were down 8.2% to 299m bottles.

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