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Campari Group’s Francesco Cruciani joins WSTA executive board

Published:  12 July, 2024

The Wine and Spirit Trade Association (WSTA) has welcomed a new board member, adding another major global spirit brand to its executive board.

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WineCap data highlights trends in fine wine market

Published:  11 July, 2024

WineCap’s Q2 2024 report has revealed key data on macroeconomic influences, the Bordeaux 2023 En Primeur campaign, top-performing wines and the Q3 outlook.

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Atradius reports 59% drop in payment claims for food and drink sector

Published:  11 July, 2024

Trade credit insurer Atradius has revealed a 59% decrease in claims for late or failed payments in the food and drink sector between May 2023 and May 2024.

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Deputy mayor for business pledges support for hospitality at inaugural LCW event

Published:  09 July, 2024

The deputy mayor of London for business was one of a number of senior officials to descend on Diageo’s global HQ yesterday (8 July), where the organisers of London Cocktail Week convened a daylong collaborative event aimed at hearing from the city’s hospitality sector.

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Trade unites behind WSTA to petition incoming government on duty easement

Published:  03 July, 2024

With the UK general election just a whisker away and the current Prime Minster all but admitting a crushing defeat, the WSTA has issued an open letter calling on the incoming government to make permanent the duty easement.

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Campari clarifies it is not under investigation for tax evasion

Published:  27 June, 2024

Campari Group has officially clarified that neither Davide Campari-Milano NV nor any of its subsidiaries are under investigation by authorities, addressing recent media reports from yesterday (26 June). In a statement, the company emphasised that no impact is expected for Davide Campari-Milano NV or its subsidiaries.

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Whisky association urges duty cut after revenue loss

Published:  24 June, 2024

The Scotch Whisky Association (SWA) is urging the next government to reverse the damage caused by Jeremy Hunt’s 10% increase in spirits excise duty. Newly published figures from HMRC reveal that the Treasury has lost more than £100m since the tax hike last August.

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TWE reports surge in Chinese demand post-tariff removal

Published:  20 June, 2024

Treasury Wine Estates (TWE) has provided a significant update on its Penfolds brand and strategic direction in China, almost three months after the lifting of tariffs on Australian wine imports. 

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The Wine Society annual sales results: A strong year despite challenges

Published:  19 June, 2024

The Wine Society has reported a successful financial year, with annual sales reaching £149.1m, an increase from £147.7m the previous year. The company also saw a significant profit increase, up 12% to £1.8m from £1.6m in 2022/23. This growth comes after a particularly strong performance during the Christmas season and a robust second half of the year.

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Cask Trade marks 5th anniversary with The Drinks Trust

Published:  18 June, 2024

To celebrate its 5th anniversary, Cask Trade aims to raise £10,000 for The Drinks Trust by selling bottles of cask-strength whisky. The company has bottled 200 bottles from two barrels of 2015 single-malt Scotch whisky from The Speyside Distillery.

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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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