The Drinks Trust has launched a number of new services focusing on improving the mental health of the industry and supporting them through what has been a troubling time for many.
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Tariffs will remain in place on wines imported into the UK after the current Brexit transition period ends.
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The government has announced it is extending the Job Retention Scheme (JRS) for an additional four months, while also adding in some provision to bring furloughed employees back to work on a part time basis.
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The UK’s retail sector will experience a delayed recovery well into the fourth quarter of 2020, with businesses needing to adapt to altered customer behaviours.
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The Wine & Spirits Trade Association (WSTA) on Friday welcomed government’s extension of the Coronavirus Job Retention Scheme (furloughing) to the end of June 2020, but pressed again for an acceleration of relief measures for businesses hit hard by the coronavirus crisis.
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Campari Group has announced it is in talks with privately owned French company Sarl Ficoma to buy a majority stake in Champagne Lallier.
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Trade associations from across the UK food and drink supply chain have come together to publish a letter, calling on governments to ensure the continuation of imports and exports of food and drink at this critical time.
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In its latest series of market insights, Wine Intelligence has highlighted five focus areas for wine marketeers to consider as companies battle through the extreme challenges thrown up by the Covid-19 pandemic and the developing recession.
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Global trader BI Fine Wine & Spirits has reported that its volume sales of high-end wine and rare whisky to Asia jumped 25% in March as Chinese buyers returned to the market.
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Naked Wines has announced it expects revenue for FY20 to be in excess of £200m, slightly ahead of current consensus.
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Treasury Wine Estates (TWE) and Penfolds are considering going their separate ways, with the latter set to be split off into a separate company to pursue global expansion into luxury beverages.
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The WSTA has written to the Chancellor outlining 3 steps the government can take with immediate effect to offer support to wine and spirit businesses during the coronavirus (Covid-19) crisis.
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Independent drinks wholesaler LWC Drinks has flipped reinstated staff to furlough saving part of the 220 people the business made redundant prior to the government’s business rescue scheme being announced.
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The Food and Drink Federation has announced a new partnership with recruitment app Syft in response to the ongoing coronavirus crisis.
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Almost 95% of companies taking part in a new members survey by the WSTA have agreed with the industry body’s call on the government to suspend excise duty for six months.
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Significant restructuring at Armit Wines following new MD Brett Fleming’s appointment has seen improved performance, stemming a decline in the second half of FY2019 with far reaching change to its business strategy.
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Chancellor Rishi Sunak has confirmed that the government will cover the wages of self-employed workers up to £2,500 a month – matching what was offered to staff employees last week.
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Legal advice has been issued to drinks businesses who are now looking to rely on the government’s promise to cover 80% of salaries (up to a limit of £2,500) a month to furloughed members of staff during the current coronavirus (Covid-19) health crisis.
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Information for businesses on how to access the Chancellor's various support packages can be found at www.gov.uk
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The government has confirmed that it has extended the residential moratorium on lease forfeiture and debt enforcement to commercial leases.
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