Business & Finance - Harpers Wine & Spirit Trade News

Treasury Wine Estates annual results show net loss of over AUD$100m for 2014

Published: 21 August, 2014

Treasury Wine Estates posted a net loss of AUD$100.9 million with net profits tanking, down by 33% for the year to June 30, 2014.

Farr Vintners buys Magnum Fine Wines

Published: 20 August, 2014

Farr Vintners has bought Magnum Fine Wines for an undisclosed sum as owner Alan Rayne has retired from the wine trade.

Diageo's incubator spirits firm doubles number of places for 2015 applicants

Published: 19 August, 2014

Angel investor firm Distill Ventures will double the number of places available in its accelerator programme that helps new and growing spirits entrepreneurs launch and expand their brands and businesses.

Tesco and Morrisons stocks rate of return declines by around 30%

Published: 19 August, 2014

Both Tesco (LSE:TSCO) and Morrisons (LSE: MRW) stocks rate of return have declined by nearly 30% over the past year, further signalling the challenges that middle priced grocery chains are facing in the supermarket price wars.

Constellation Brands to buy Casa Noble Tequila to grow spirits offering

Published: 18 August, 2014

Constellation Brands announced last week its plans to acquire the Casa Noble Holdings tequila brands

Most wine industry's challenges are no different to other sectors, says economist Mike Veseth

Published: 15 August, 2014

Mike Veseth, the celebrated US wine economist and blogger, has dismissed the idea that the dynamics of the wine industry are different to the challenges faced by other business sectors.

The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published: 15 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

Bowmore and Glenmorangie both raise a dram to increased profits and sales

Published: 15 August, 2014

Morrison Bowmore Distillers, a subsidiary of Beam Suntory, and Glenmorangie Company, part of LVMH, both saw sales and profits grow last year, only further confirming the "hot" streak that whisky is currently having

Top Champagne brands buck decline as sales grow 9%

Published: 14 August, 2014

The top eight Champagne brands are bucking falling sales in the off-trade, as collective sales have grown by 9% in the last year.

Managed pubs and restaurants see 2.2% sales uplift in July

Published: 14 August, 2014

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William Grant & Sons invests in new global whisky innovation role

Published: 13 August, 2014

William Grant & Sons has promoted Kevin Abrook to become the company's first global whisky specialist for innovation and will start his new role on September 1.

Price wars and discounters hit overall retail sales

Published: 12 August, 2014

Retailer price wars coupled with the ongoing impact of the hard discounters saw overall UK retail sales slip back for the first time in two years, according to the latest British Retail Consortium /KPMG figures.

Harpers.co.uk introduces new dedicated finance section

Published: 11 August, 2014

Today Harpers.co.uk introduces a new section of the website that hopes to keep you up to speed with all the latest breaking financial stories affecting the global wine and spirits industry.

The Smith Report: Exchange rate is it a friend or foe?

Published: 11 August, 2014

The Smith Report takes a look at the opportunities for wine producers in South Africa, where its currency exchange has proven to be both its best friend and its worst enemy.

Treasury Wine Estates confirms it is in the middle of a bidding war

Published: 11 August, 2014

Treasury Wine Estates issued a statement to the Australian Securities Exchange saying a third global private equity firm has made a proposed bid for the struggling wine conglomerate to buy all outstanding shares for the price of $5.20 cash per share.

The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published: 08 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

Euromonitor finds alcoholic drinks not as price sensitive as trade believes

Published: 07 August, 2014

Euromonitor says the alcoholic drinks industry as a whole is far less price sensitive than the trade has come to believe.

Panos Sarantopoulos takes charge of Rémy Cointreau's liqueurs and spirits division

Published: 04 August, 2014

Panos Sarantopoulos has been promoted to chief executive of Rémy Cointreau's liqueurs and spirits division after a successful time headling up Metaxa, the company's Greek spirit business.

The Week That Was: top news, Q&As and opinion on Harpers.co.uk

Published: 01 August, 2014

In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.

Diageo results: sales and profits slide but western Europe stabilises

Published: 31 July, 2014

Diageo released is year-end financial results ending on 30 June 2014 and show that net sales declined and operating profits took a big hit for the 2014 fiscal year.