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Despite a 77% profit fall, Pernod Ricard’s share price is rising
Following a "solid" first half of its financial year, Pernod Ricard demonstrated its "resilience and agility" by beating its own forecast about the ravages of Covid-19 in the second six months....
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Schloss Johannisberg: We will finish this year successful
Stefan Doktor, managing director of Rheingau wine estate Schloss Johannisberg, said that while sales will be down, 2020 will be a "successful" year for the producer. Doktor said that while sales will...
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Government updates takeaway alcohol sales and essential retail guidance
The government has updated its guidance on takeaway alcohol sales from hospitality outlets and what is considered essential retail in England ahead of the vote in parliament. Here's what we know so...
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Global alcohol consumption to fall 8% this year
The alcohol industry has shown "greater resilience" this year than originally forecast, although total sales are still expected to be 8% down on last year, according to new figures. Research group IWSR...
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Bag-in-box can ease wheelie bin walk of shame
While they're more cost effective, bag-in-box wines are proving popular for another reason: they're a discreet way of dealing with empties. So says Richard Cochrane, managing director of the UK arm of...
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Chapel Down surpasses one million bottle milestone
Despite the impact of Covid-19, Kent-based English wine Chapel Down has said it has passed the one million bottle sales milestone in a calendar year. The English wine estate announced it had surpassed...
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Fuller’s posts £22m loss in half-year results
Pub group Fuller's has posted a loss of over £22 million in the first half of the year, and has reduced its workforce by 20% since April. Fuller's posted its half-year results, which cover the 26 weeks...
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Takeaway alcohol sales banned in England
The government has banned takeaway and click-and-collect alcohol sales from hospitality outlets in England as the country goes into lockdown until mid-February. Addressing the nation yesterday evening...
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Wine.com smashes US$300 million sales mark in 2020
Proving the pulling power of e-commerce during the pandemic, US online wine retailer Wine.com made US$329m in revenue last year, up 119% on 2019. For the most recent quarter, ending on 31 December...
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Coates & Seely partners with Glass Half Full
Hampshire winery Coates & Seely has partnered with the newly-launched sales and marketing platform Glass Hall Full. [caption id="attachment_497121" align="aligncenter" width="640"] The Glass Half...
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Diageo’s organic net sales up 1% despite profit fall
Drinks giant Diageo has reported a 1% rise in organic net sales in its half-year results to 31 December 2020, despite an 8.3% decline in its operating profit. The company reported a 4.5% drop in net...
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Pernod Ricard predicts sales growth in FY21
After posting its half-year results, which saw organic sales fall by -3.9% but some improvement in the second quarter, Pernod Ricard chairman Alexandre Ricard predicts growth in FY21. [caption...
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Covid restrictions lead to £8.2bn loss in beer sales in British pubs
A year on from the first national lockdown in the UK, the British Beer & Pub Association has revealed that 2,000 pubs have permanently closed and some £8.2 billion in beer sales has been lost. Emma...
View ArticlePernod Ricard records return to sales growth in Q3
French drinks group Pernod Ricard has posted a return to organic sales growth in its Q3 results and is now predicting 10% profit growth in FY21. The post Pernod Ricard records return to sales growth...
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Lina’s Crema di Limoncello expands across Florida
Marchetti Brands, the parent company of Lina's Crema di Limoncello, has appointed All Beverage Ventures (ABV) to the boost brand in Florida. As part of the new agreement, ABV will oversee sales for...
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Pernod Ricard hails ‘very strong’ third quarter sales increase
Pernod Ricard's finance director Helene de Tissot today hailed the French group's 20% increase in organic sales in its third quarter (January to March) as "very strong". The figures, which exceeded...
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George Clooney’s Casamigos named fastest-growing spirits brand in 2022
George Clooney's Casamigos Tequila has been named the fastest-growing spirit brand of 2022, after nearly tripling its brand value over the last year according to a new report. The Diageo-owned Tequila...
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Champagne producers expect to celebrate record sales in 2022
Champagne sales are expected reach a new record by the end of the year, despite inflation increasing costs. After sales hit an all-time high of €5.7 billion in 2021, more people than ever look to...
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English sparkling wine sales soar over Christmas
Specialist wine retailer Majestic has revealed that sales of English sparkling wine enjoyed a pronounced uplift over the festive period last year. Amid concerns among some Champagne producers of a...
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Chapel Down reveals record sparkling wine sales in 2022 trading update
English wine producer Chapel Down has published an unaudited trading update for the year ended 31 December 2022, with strong sales growth underpinned by a premiumisation drive. Chapel Down said its Net...
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Aspall celebrates sales success after major investment
Sales of Aspall Cyder are 50% above the pre-pandemic level, with a modernised production site and the brand's increasingly dominant position in the on-trade to thank. As reported in the East Anglian...
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Virgin Wines launches ‘business review’ after profits plummet to £0.1m
Online merchant Virgin Wines has launched a "full business review" after a culmination of internal issues, inflationary pressures and the cost-of-living crisis led to a sharp decline in the group's...
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Surging soft drink sales come at the expense of spirits
Data from CGA by NIQ has revealed that on-trade sales of soft drinks in the UK have ridden the Dry January wave throughout Q1 to pass £1 billion in value, a 12% year-on-year increase. The findings,...
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Wimbledon gives local restaurants sales bounce
Restaurants in London's SW19 postcode received an 18.7% spike in sales during the Wimbledon tennis tournament, new data from Barclays has revealed. The data compared food and drinks sales from the two...
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London City Bond expands capacity
London City Bond (LCB) has announced a further increase in their overall storage capacity to support both the on- and off-trade. Having opened up three new sites last year, this year has seen the...
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Reports claim Diageo looking to sell beer portfolio — but not Guinness
Reports have claimed that Diageo is seeking to sell its beer portfolio, although the news also states it will keep its Guinness brand. The news comes from Axios that the firm is looking to off-load...
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Managed restaurants optimistic ahead of crucial Christmas
The UK's leading hospitality groups achieved 4% year-on-year sales growth in November, raising hopes that consumers are ready to splash the cash this Christmas. Christmas 2023 will be a vital one for a...
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Cocktails continue to rise in the US
Both the value and volume of cocktail sales in the US on-trade increased in the last quarter of 2023, according to the latest data from CGA by NIQ. The data reveals that across Q4 of last year, there...
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LVMH signals ‘good start’ to year
LVMH, the world’s biggest luxury goods group, had what it termed a “good start” to the year with organic sales rising by 3% compared to the same period in 2023. But the firm, which owns brands...
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Heineken beats expectations
Dutch beer giant Heineken has posted an increase in sales volumes for the first quarter following price pressures hitting demand last year. The brewery reported that revenue in the first quarter was...
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