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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Data from Live-ex, the fine wine trading platform, saw all its major indices decline in February, including its benchmark Fine Wine 100 index which fell 0.8%.
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The new digital service from HM Revenue and Customs (HMRC) ‘Manage your Alcohol Duty’, which went live on 1 March, is purported to allow for easier reporting and online payment services regarding alcohol duty.
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The UK’s leading drinks trade associations have written to the government highlighting deep concerns over the Extended Producer Responsibility for Packaging (EPR) scheme, while calling for a meeting with Defra.
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Data from the British Chambers of Commerce (BCC) can reveal that 63% of small and medium enterprises (SMEs) saw taxation as their primary business challenge. The data, which was gathered following the Autumn Budget, represents an increase compared to Q3 of 2024 when 48% of business owners saw it as their primary challenge.
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Matt Davies, former Enotria&Coe and Sipsmith director, has been appointed general manager of Majestic Commerical, the B2B arm of Majestic.
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Data from Liv-ex, the fine wine trading platform, reveals that with the expectation of their Italy 100 index, all of the platform’s major indices have seen price falls compared to December.
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Thanks to “Trump 2.0, tariffs are coming. It’s not a matter of if, but when”, WSTA chief executive Miles Beale said at last week’s standout Wine Paris conference, where leading industry figures gathered to discuss how to manage and offset mounting geopolitical tensions and trade wars on the global wine trade.
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Wine Paris has confirmed what the busy aisles suggested, namely that this year’s event (10-12 February) had record-breaking attendance of global drinks trade, propelling it to current pole position in the battle of the big wine and spirits shows.
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French drinks giant, Pernod Ricard, has reported a fall in sales globally of -4% for the first half of the 2025 financial year. Falls in sales were seen across all major markets.
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The Japanese drinks giant, Suntory Global Spirits, has officially launched its first standalone commercial business in the UK. The move means the company is now directly in charge of the sales, marketing and distribution of its portfolio of spirits brands in the UK.
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Amid much gloom in the market generally and set against the current duty rises, The Wine Society has reported a record trading period over the festive weeks.
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Hallgarten & Novum Wine has entered a partnership with luxury wine and Champagne brand, Porte Noire, which will see increased distribution of the brand’s wines across Hallgarten’s on and off-trade channels.
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Hallgarten & Novum Wines has announced the appointment of Will Oatley to the role of commercial director.
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Not only will the forthcoming end of ‘duty easement’ present a huge additional burden on UK wine businesses, but the current claim form for clawing back overpaid excise duty against stated abv is not yet ready, with the excise duty invoice system also not fit for the new regime in one week’s time.
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