Business & Finance - Harpers Wine & Spirit Trade News

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.

Consumer inflation rise may be part of a larger trend

Published: 20 July, 2016

Consumer inflation rose 0.5% for the 12 months to June 2016, which although only slightly may be a signal of a future trend.

Rémy Cointreau Q1 sales suffer an expected slide

Published: 20 July, 2016

Famed cognac conglomerate Rémy Cointreau's first quarter reported sales slid -2.1% to €218.6 million for the three months ending on 30 June 2016.

The Smith Report: Transparency in the digital age

Published: 08 July, 2016

In today's digital age with so much business and information changing hands electronically, the digital trail that is left behind is hard to erase. Similarly, authenticity and transparency with customers and consumers is becoming increasingly important.

LFL sales down in food and clothing at M&S

Published: 07 July, 2016

Beleaguered high street retailer Marks & Spencer has posted a 4.3% drop in total sales in the 13 weeks to July 2.

Majestic holding off on shareholder payout

Published: 07 July, 2016

The chairman of Majestic wine has announced that the group will not be paying a shareholder dividend this financial year in order to balance the books following the acquisition of Naked Wines.

C-stores: How to convert top-up shoppers into loyal customers

Published: 21 June, 2016

Convenience retailing is on the rise, with consumers looking to buy 'top-up' or 'meal for tonight' rapidly replacing the weekly shop.

The Smith Report: The art of buying and selling in the convenience channel

Published: 20 June, 2016

With the convenience channel experiencing heady growth, retailers must tailor their offer to consumers' habits.

Rémy Cointreau annual net profits up following foreign exchange boost

Published: 09 June, 2016

Improved Cognac sales and a big boost from a favourable foreign exchange helped to drive profits for Rémy Cointreau, which saw annual 2016 net profits soar 10.6%, beating expectations for the business.

Sainsbury's Q1 sales slide following the phasing out of multi-buy deals

Published: 08 June, 2016

Sainsbury's saw sales for the first quarter slide with like-for-like retail sales down 0.8% for the 12 weeks ending 4 June 2016.

Treasury Wine Estates moves to consolidate its US businesses

Published: 03 June, 2016

Following the acquisition of the bulk of Diageo's US and UK wine business for £390 million in October, Treasury Wine Estates announced today it would be restructuring the US business.

Conviviality sales soar 137% for the year

Published: 20 May, 2016

Following the acquisition of Matthew Clark on 7 October 2015, Convivialty saw sales soar 137% to approximately £864 million for the 53 weeks ending on 1 May 2016.

Gruppo Campari Q1 results dampened by currency effects

Published: 10 May, 2016

Gruppo Campari results released yesterday show net sales remained flat at €327.4m for the first quarter of 2016, with organic growth offset by a negative exchange rate effects.

Copestick Murray's 2015 financial results deliver 'best ever year'

Published: 09 May, 2016

Copestick Murray has posted its 'best ever year' with sales and profit for its year-end financial results setting records for the company.

Conviviality to acquire Bibendum PLB for £60m

Published: 01 May, 2016

Conviviality Plc has announced its subsidiary Conviviality Brands Limited has conditionally agreed to acquire Bibendum PLB for an 'enterprise value' of £60 million.

The Smith Report: China comes good for wine for Chile and Australia

Published: 29 April, 2016

Chilean and Australian wines are on a roll in China where imports are on the up and currency fluctuations have boosted volume.

From an MW inside Parliament: What the wine trade needs to do to combat duty hikes

Published: 27 April, 2016

Conal Gregory, the only Master of Wine to have been elected to Parliament, warns that there is no hope for duties to be reduced or even frozen if there is no effective campaign fighting that battle. He gives tactical tips on what the trade could do better to combat future hikes.