Beam shareholders have approved the acquisition by Suntory Holdings of Japan at the share-selling price of US$83.50 per share, putting the sale value at US$16bn.
Read more...The UK wine industry is unlikely to receive the same kind of duty cuts awarded to the beer, cider and Scotch whisky industries in this week's Budget as most of the wine drunk in this country is imported.
Read more...In the wake of yesterday's Budget, which targeted pensioners and savers, research shows the younger generation is taking proactive measures to boost its finances.
Read more...The alcohol duty escalator has been scrapped, while duty on spirits has been frozen and beer duty has been cut by 1p per pint.
Read more...Scrapping the duty escalator and freezing spirits duty will boost the wine and spirits trade to the tune of £175 million, says the Wine & Spirit Trade Association (WSTA).
Read more...Robin Copestick, co-founder of UK wine agency Copestick Murray, has sounded a warning shot about the Chancellor's decision to scrap the duty escalator in today's Budget and fears suppliers will be forced to take on the costs of inflationary duty increases rather than the higher costs under the escalator that were easier to pass on to consumers.
Read more...The trade has united to welcome Chancellor George Osborne's announcement that he is ending the duty escalator for alcohol and freezing spirits duty.
Read more...As time runs out before the 2014 Budget is announced later today, the drinks trade nervously shuffles its papers following a hard-fought campaign to scrap the duty escalator.
Read more...Spain should plant more international varieties and bill Tempranillo as its signature grape, if it is to combat oversupply issues and compete globally, says a Rabobank report.
Read more...Only 3% of the British public think alcoholic drinks are not too expensive in pubs and restaurants and unless more is done to cut duty levels they are likely to spend more time drinking at home.
Read more...Pubs are becoming increasingly reliant on wine and spirit sales, according to new figures released today by on-trade specialists, CGA Strategy.
Read more...The wine and spirits trade is readying itself for one last push to convince the Chancellor to scrap the alcohol duty escalator in next week's Budget following intensive campaigning across the industry.
Read more...The lead up to the Budget Day begins. Keep up to date here on Harpers.co.uk with our news updates, blogs and live posts on the day - March 19th!
Read more...Erin Smith looks at how Australia, New Zealand and South Africa have coped with poor exchange rates
Read more...The Liv-ex Fine Wine 100 index continued its slide reporting that February closed down for the eleventh consecutive month, closing at 252.50, down 0.9%, while the Liv-ex Fine Wine 50 fell another 1.2% to 287.10.
Read more...Wirtz Beverage Group is to become Diageo's exclusive national broker in Canada, after signing an agreement last week.
Read more...Diageo has fired a warning shot against any possible British departure from the European Union and the risks it would have on not only its business but the future of key markets such as the Scottish whisky industry. This could be exacerbated further if Scotland chooses to become independent later in the year.
Read more...Half-year operating profits at Treasury Wine Estates fell by 38% to A$45.8 million, which it blamed on increased marketing and distribution investment and challenging conditions in Asia and Australia.
Read more...Pernod Ricard saw a slight sales increase in the UK, but said Jacob's Creek struggled in a wine market that is "highly sensitive to promotion" in the first half of the year.
Read more...The online wine retailer Naked Wines has promoted Eamon FitzGerald to managing director of its UK operation
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