Rémy Cointreau annual net profits up following foreign exchange boost

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

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

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

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

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'

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

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

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

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.

Majestic's upgraded to a 'Buy' listing following Naked Wines results

A 'Buy' rating has been set for shares at Majestic Wines, highlighting the potential of Naked Wines acquired by the company last year.

Dip in Q3 sales at Pernod Ricard

Growth for the third quarter of the fiscal year at Pernod Ricard is down 3% due to shrinking demand in China and an earlier Chinese New Year.

Co-op remains tight-lipped on plans to sell off 300 stores

The Co-op has refused to deny rumours that it is planning to sell off 300 of its unwanted shops to manage debt and improve the rest of the chain.

Poland row heats up as Stock Spirits urges shareholders to vote against Western Gate's recommendations

Stock Spirits is recommending that its shareholders vote against Western Gate Private Investment Ltd's recommendations, in an increasingly heated row over loss of market share in Poland.

Rémy Cointreau year results show growth as Asian trading improves

Rémy Cointreau saw net sales grow 8.9% for the 2015/2016 financial year to just over €1.050 billion with strong growth being driven "on the back of improving trends in Greater China."

Schenk Group purchases Italian winery

Leading wine supplier Buckingham Schenk's parent company has purchased a new winery in Tuscany.

Tesco's turnaround: Retailer post quarterly growth

Multiple retailer Tesco posted its first quarterly sales growth in nearly three years signalling that the supermarket giant's turnaround is gathering momentum.

LVMH Q1 miss expectations, but wine & spirits division shows growth

Luxury conglomerate LVMH first quarter results, which were released on Monday, missed analysts growth expectations, but the company's wine and spirits division Moët Hennessy did show sales growth of 4%.

Stock Spirits criticse top shareholder who seeks to oust CEO

Stock Spirits has hit back at its largest individual shareholder for trying to depose its chief executive officer while having a "conflict of interest".

Jascots Wine Merchants undergoes a managment buyout

Miles MacInnes, the sales and marketing director at Jascots, and John Charnock, managing director at Jascots, have acquired a controlling stake in the business from founder Jack Scott.

New vodka brand unfazed by gains in gin