Business & Finance - Harpers Wine & Spirit Trade News

Asahi completes Miller Brands UK acquisition

Published: 12 October, 2016

Japanese brewing giant Asahi has completed its acquistion of Miller Brands UK and the creation of Asahi UK, the company announced today.

Wines and spirits continue to drive growth for LVMH amid luxury market slowdown

Published: 11 October, 2016

The wine and spirits division represented the second highest growth area for LVMH in its sales so far this year, with organic growth up 7%.

Bolney Wine Estates to double production with £2m investment

Published: 10 October, 2016

West Sussex vineyard Bolney Wine Estates is set to announce a £2m investment this week, the Guardian has reported.

New British Champagne house claims to offer Champagne for the digital age

Published: 10 October, 2016

A British-based holding company is claiming to be the first major prospective champagne house to open since Nicholas Feuillatte in 1972.

National Champagne Week a welcome boost for struggling category

Published: 06 October, 2016

The UK has been popping bubbly this week for National Champagne Week - a much needed boost for the category which has seen a slow down in growth over the past year.

Another rise in sales as Tesco recovery continues

Published: 05 October, 2016

Sales at the UK's biggest grocery retailer have now risen for three quarters in a row following an all time low last year as it struggled to fend off stiff competition from the discounters.

Martin Willams' M Restaurants raises £900,000 of crowdfunding target in four hours

Published: 03 October, 2016

London restaurant chain M Restaurant has raised over half of its crowdfunding campaign target in under four hours, bringing the total up to £900,000.

Martin Willams' M Restaurants to crowdfund group expansion

Published: 29 September, 2016

M Restaurant group is looking to add a third site called M SOCIAL as well as expand the use of the some of the current space at the M Threadneedle site and plans to finance the expansion by raising £1.5m on the Seedrs crowd-funding platform.

Sainsbury's sales dip further as it battles it out with discounters

Published: 29 September, 2016

Sainsbury's second quarter results show that the ongoing price wars are taking a toll on the retailer as like - for - like sales dipped a further 1.1%.

William Grant & Sons reports record profits

Published: 27 September, 2016

William Grant & Sons premium spirit business reported an 8.9% increase in profits after tax hitting record high of £147.4m.

Co-op profits halved as they continue to implement turnaround strategy

Published: 26 September, 2016

The Co-operative Group saw profits drop to £17m in for the first half of the financial year, but revenue rose by 2.2% to £4.7bn compared to the same time period last year.

Morrison H1 results show signs of recovery and beats expectations

Published: 15 September, 2016

Morrisons Supermarkets Plc first half of the year results are showing signs of recovery under the new leadership team and beat analysts expectations.

Pernod Ricard looks to save €400m through SKU reduction and operational efficiencies

Published: 07 September, 2016

Pernod Ricard is looking to save €400m as part of its 'operational excellence roadmap' intiative that is being rolled out between fiscal year 2016 through 2020, which includes SKU reductions of up to 30% in some regions.

Brown-Forman Q1 sales slide due to currency headwinds

Published: 01 September, 2016

Brown Forman first quarter sales slide 5% to US$ 661m due to on going currency headwinds and challenges in emerging regions, but underlying net sales increased 2%.

Paul Schaafsma to step down as CEO of Accolade Wines in coming months

Published: 30 August, 2016

Paul Schaafsma is set to step down as the chief executive officer of Accolade Wines in the coming months, but may stay on through the company's initial public offering which is set for next year, according to sources.

Breaking News: Conviviality announces new group buying structure

Published: 24 August, 2016

Conviviality PLC have today advised suppliers of fundamental changes to the group's wine buying structure.

Accolade Wines owner CHAMP setting the stage for IPO

Published: 12 August, 2016

Accolade Wines' majority owner, private equity firm CHAMP, has formally appointed Reunion Capital Partners as an adviser for the company's initial public offering (IPO), which is expected to be listed in the first half of 2017.

Morrisons extends deal with Ocado, expanding delivery nationwide

Published: 10 August, 2016

Yesterday Morrisons announced it struck a new deal with online delivery service Ocado, expanding its current services nationwide.

Fever-Tree's H1 revenue jumps 69%

Published: 26 July, 2016

Fever-Tree continues to grow on the back of the current gin boom that has been sweeping the UK with revenue up 69% according to interim H1 results out today.