Subscriber login Close [x]
remember me
You are not logged in.

Tesco names John Allan as new chairman

Published:  18 February, 2015

Dixons Carphone deputy chairman John Allan has been appointed to lead Tesco's board of directors as Richard Broadbent departs.


Wine sales rocket 20% to €44m at Vente-Privee

Published:  16 February, 2015

Wine sales rocketed in 2014 at flash sales site Vente-Privée, which is celebrating a 20% increase in wine turnover to €44 million, as it ramps up its UK focus with the appointment of a new managing director. 


H1 results for Pernod Ricard show stability as Alexandre Ricard steps up as CEO

Published:  12 February, 2015

Sales growth for the first half of the financial year for Pernod Ricard was minimal, but stable, ahead of the announcement of leadership changes at the drinks giant.


Cold weather fails to dampen eating out sales in January

Published:  12 February, 2015

Restaurants and managed pubs saw like-for-like sales grow 1.4% in January, despite the snow and cold weather.


Tesco and rest of the supermarket industry returning to growth, says Kantar

Published:  10 February, 2015

After 13 reported months of decline Tesco has posted 0.3% growth and the supermarket industry as a whole appears to be improving with growth accelerating to 1.1%.


The Smith Report: The rise of independents retailers

Published:  09 February, 2015

There is some significant hype around the independent sector in the UK at the moment, but is it really warranted?


Conviviality Retail acquires 37 stores from GT News in £6m deal

Published:  04 February, 2015

Conviviality Retail, owner of Bargain Booze and Wine Rack, has acquired 37 stores owned by GT News in a deal worth £6 million.


LVMH profits up, despite poor wine and spirits performance in 2014

Published:  04 February, 2015

Moët Hennessy Louis Vuitton reported €30.6 billion in revenue for its full year financial results for 2014, which was up 6% over 2013, with revenue increases in all business groups except the wine and spirits arm of the company.


Opportunities ripe for consolidation in independent wine sector, predicts Broderson

Published:  03 February, 2015

The time is right for many independent operators across the wine and spirits sector to seriously consider consolidation in order to strengthen businesses, says drinks mergers and acquisition specialists Broderson & Co.


Burgundy's Domaine Chanzy first company to use crowdfunding for IPO

Published:  02 February, 2015

Domaine Chanzy will be the first company in the world to use a crowdfunding platform to launch its initial public offering (IPO) on the AIM exchange.


Diageo sales hit by currency and 'challenging' trading environment

Published:  29 January, 2015

Diageo's half-yearly sales were hit by currency and the "challenging" trading environment as organic net sales fell 0.1% and volumes 1.9%.


USA to be 'star of the global economy for 2015' says Euromonitor

Published:  26 January, 2015

Euromonitor's global economic outlook for 2015 forecasts the US economy will see the largest growth in real GDP and a strengthening currency, and should be the best performing advanced economy this year.


Fever-Tree boosted by second half results up by nearly 50%

Published:  23 January, 2015

Fever-Tree, the premium mixer company, announced yesterday a strong financial performance in the second half of 2014, with sales expected to rise 43% and revenue to grow 49% to £34.7 million.


Rémy Cointreau sales decline slows, shows signs of stabilising

Published:  22 January, 2015

Rémy Cointreau's sales are still declining based on its third quarter financial results, but falls are slowing signalling that the company may finally be stabilising following a Cognac crash that hit China.


Premium wine growth hampered by big grocers, warns Rabobank

Published:  19 January, 2015

The growth of premium wines is being restricted by major grocers and tough economic conditions, despite more adventurous consumers seeking them out.


Tesco's credit rating downgraded to 'junk' status

Published:  12 January, 2015

Global credit rating agency Moody's has further downgraded Tesco long-term credit rating from Baa3 to Ba1, which is considered "junk" grade for investments that are considered 'high risk'.


Major wine retailers boast mixed fortunes over Christmas

Published:  07 January, 2015

Majestic Wine saw sales creep up 1.1% over a "difficult Christmas" while Waitrose celebrated a bumper 15.4% increase in BWS sales over the same period last year.


Demand surges for bigger bottles of wine

Published:  06 January, 2015

Demand for bigger bottles of wine is increasing, with one retailer predicting sales will rise by 8% in the next 12 months.


Tesco credit rating in further jeopardy following profit warning

Published:  10 December, 2014

Moody's Investor Services, an international credit rating agency, says Tesco's profit warning "will further increase negative pressure on Tesco's current rating" and that Tesco would remain under review for another possible downgrade.


New Zealand's Yealands Wine Group looks to fast-track expansion

Published:  09 December, 2014

New Zealand's Yealands Wine Group is looking at funding options in order to fast-track expansion plans and increase its vineyard holdings.