Fresh data from the UK Government’s company insolvency statistics can reveal that insolvencies in the accommodation and food services sector were down 12% year on year for April, with 275 going bust during the month.
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Callum Woodcock (pictured, left) has just come out of what he describes as fundraising mode, when he, colleague Ollie Thorpe (pictured, right) and I meet to talk about their year-old start-up.
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The first iteration of the WSTA Industry Summit since 2019 saw themes of resilience and adaptability underscore the global and domestic challenges explored. Key takeaways from the event included tariff predictions and the need to unwind the ever-frustrating policy burden of “three-word acronyms” from EPR to RAM.
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Drinks industry data and insights provider IWSR has been acquired by trend forecasting company WGSN.
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The wine investment company WineFi has added Matthew Small (pictured, right) to its team as head of investment.
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Data from IWSR predicts that the global drinks industry will grow by USD $16bn over the next five years. The positive outlook contrasts to the relative stagnation the global trade saw in 2024.
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In a letter sent to the Prime Minister and Chancellor, a coalition of leading pub, hospitality and brewing bodies has laid out its concerns regarding the cost and impact of the Extended Producer Responsibility (EPR) policy.
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The fine wine index dropped in April by the greatest amount since August 2023. The Liv-ex May Market Intelligence Report said the industry standard Fine Wine 100 closed down 1.7%, attributing the decline to the introduction of tariffs and the En Primeur tastings.
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Italian drinks giant Campari Group has seen a –4.2% fall in organic net sales for Q1 of 2025. The company believes the drop has come amid ‘heightened macroeconomic volatility’, in part caused by the uncertainty caused by US tariffs during this period.
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Hampshire wine estate Black Chalk has announced the addition of Neil Irvine to the newly created role of sales director. The onboarding comes as the producer seeks to boost sales growth.
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Australian Wine Holdco Limited (AWL), the consortium of institutional investors, has announced the creation of a new global wine company, Vinarchy. The announcement signals the finalisation of the sale of Pernod Ricard’s international wine portfolio to AWL.
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Drinks giant Diageo Great Britain has announced the appointment of Ursula Mejía Melgar as its new marketing and innovation director. The role will see the new director responsible for shaping leading brands including Guiness, Smirnoff and Gordon’s in the UK market.
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Climate-friendly packaging company Packamama has appointed I Heart wine brand founder and Friexenet Copestick MD Robin Copestick as a non-executive director to its board.
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Fresh data from the Insolvency Service shows an 11% drop in company insolvencies among businesses in the hospitality sector. The fall signals a slight improvement, however the number still remains historically higher than pre-pandemic levels.
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Data released from parent company LVMH shows that its wine and spirits division Moët Hennessey has seen a year on year drop in revenue when comparing to Q1 2025 to Q1 2024, driven by a poor performance for its cognac and spirits brands. The luxury goods giant believes this revenue fall is partly due to the ongoing ripple effects of tariff uncertainty.
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The wine investment firm Winecap in its UK Wealth Report 2025 has revealed that 96% of British wealth managers expect demand for fine wine to grow in 2025, more than any other luxury asset.
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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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The trade has expressed its disappointment that no relief for businesses will be forthcoming via Rachel Reeves’ Spring Statement, as the industry continues to face a roster of tax hikes from the last Autumn Budget.
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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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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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