Treasury Wine Estates has seen profits tumble nearly 60% - but boss Michael Clarke insists the company is making progress in "resetting" the troubled business.
Read more...Dixons Carphone deputy chairman John Allan has been appointed to lead Tesco's board of directors as Richard Broadbent departs.
Read more...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.
Read more...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.
Read more...Restaurants and managed pubs saw like-for-like sales grow 1.4% in January, despite the snow and cold weather.
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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%.
Read more...There is some significant hype around the independent sector in the UK at the moment, but is it really warranted?
Read more...Conviviality Retail, owner of Bargain Booze and Wine Rack, has acquired 37 stores owned by GT News in a deal worth £6 million.
Read more...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.
Read more...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.
Read more...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.
Read more...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%.
Read more...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.
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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.
Read more...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.
Read more...The growth of premium wines is being restricted by major grocers and tough economic conditions, despite more adventurous consumers seeking them out.
Read more...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'.
Read more...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.
Read more...Demand for bigger bottles of wine is increasing, with one retailer predicting sales will rise by 8% in the next 12 months.
Read more...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.
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