Treasury sells Asti wine estate in Sonoma to Gallo

Australia's Treasury Wine Estates has sold its Asti Winery in Sonoma County in California to Gallo.

The Smith Report: Could the Greece debt crisis have implications for the wine trade?

Could the Greece debt crisis have implications for the wine trade? Take a loot at the events leading up to the dramatic collapse and what the uncertainty means for the wine world

Parker factor gives investment market a lift and promises 'high returns' - analyst report

A US investment analyst has suggested that a recent bounce back in market prices of fine wine has made it an attractive long-term proposition.

Wine sales leap 10% as Bargain Booze operator improves revenue and profit

Bargain Booze and Wine Rack operator in talks to take over Matthew Clark

Bargain Booze owner Conviviality Retail has suspended trading in its shares amid media speculation that it is in talks to buy the specialist on-trade drinks wholesaler Matthew Clark.

New store openings help M&S post 3.2% rise in first-quarter like-for-like food hall sales

Marks & Spencer has reported a 3.2% increase in food hall sales in the 13 weeks to June 27. Like-for-like food sales were up 0.3% over the same period, with new store openings driving growth.

Benriach earmarks £25m to expand warehouse capacity and buy mature stocks to fuel growth

Constellation buys Meiomi luxury Pinot Noir brand as Q1 sales increase by 7%

Constellation Brands is to pay US$315 million to add the premium California wine brand Meiomi to its portfolio.

Beer and tenanted pubs growth lift revenues for Greene King

Brewing and pubs group Greene King saw revenue growth of 3% in the 52 weeks to May 3, driven by beer sales in beer (+4.2%) and its Pub Partners lease, tenancy and franchise division (+3.5%).

Asda sales decline 3.5% as discounters, Waitrose and Morrisons see growth

Asda saw the biggest sales decline of the big four supermarkets in the second quarter of the year as the growth of the discounters continued to have an impact.

Naked accounts show 2014 profit for UK operation as number of angels soars

Documents lodged at Companies House show that the UK operation of Naked Wines turned a profit for the first time in 2014.

Write-down of Brugal rum value puts dent in Edrington figures

Famous Grouse producer Edrington has written down the value of its Brugal rum brand to reflect revised future expectations of the brand's performance.

Romanian producer Cramele Recas doubles bottling capacity to meet surge in demand

Romania's largest wine producer is spending €2 million on an upgrade to its packaging facilities to double its capacity.

Neil Bruce appointed as the new head of wine for Fuller's

Neil Bruce joined brewery, pub chain and inn operator Fuller, Smith & Turner P.L.C earler this month as the new head of wine replacing Mark Dally, the current wine and purchasing director.

Lanson Champagne year end results down slightly, but looks to expand globally

Lanson Champagne's year end financial results saw revenue and profit slide for the year, but with renewed investment in the brand, building inventory stocks and expanding internationally, Paul Beavis told harpers.co.uk at Vinexpo, he is optimistic about the future of the brand.

Bruichladdich stars for Rémy Cointreau as sales almost double

Islay's Bruichladdich distillery almost doubled sales in the year to March according to latest financial results from its parent Rémy Cointreau group.

First quarter restaurant sales flat for Beefeater owner Whitbread

Restaurant sales are taking a smaller share of the product mix of Whitbread, the owner of Costa and Premier Inn.

Sainsbury's Q1 sales decline due to food price deflation

Sainsbury's sales declined for the sixth consecutive quarter with total retail sales down 0.6% and like-for-like sales down 2.14%. driven primarily by food deflation.

Diageo stock climbs amid takeover rumors

Diageo's (Bloomberg: DGE:LN) stock has been climbing in early morning trading up nearly 7% following news of a potential takeover of the drinks' giant.

The Smith Report: Trust, the only true currency of brands

With the FIFA scandal making headlines, there may be an important lesson to learn for brands owners when considering sponsorship.