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TWE slashes growth predictions as US business stalls

Published:  29 January, 2020

Treasure Wine Estates (TWE) has cut its predictions of growth for 2020 from between 15% and 20% to between 5% and 10% after its first half-year figures were released yesterday.

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Spotlight on 2020: Damian Clarke, Freixenet Copestick

Published:  16 December, 2019

As we prepare for the new decade, Harpers looks back over 2019 and ahead to what the coming year will bring – hopefully full of revived optimism for both politics and the trade.

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UK pub numbers on the rise again

Published:  11 December, 2019

The number of British pubs has increased for the first time in a decade, analysis from hospitality sector software start-up Stampede has revealed.

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Drinks sales rescue on-trade from weak November

Published:  09 December, 2019

Drinks sales in Britain’s pubs helped the on-trade stay in growth in November, latest monthly food-and-drink data from the Coffer Peach Tracker has shown.

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Diageo buys Tipplesworth to drive cocktails ‘on tap’ growth

Published:  03 December, 2019

Diageo has acquired pre-mix cocktail specialist Tipplesworth for an undisclosed sum.

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Low and no on-trade sales soar by nearly 50%

Published:  02 December, 2019

Sales of no- and low-alcohol drinks in the on-trade have risen nearly 50% in the last year, according to a new report from food-and-drink sector analysts CGA.

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Washington closes in on six new AVAs as wineries pass 1,000 mark

Published:  19 November, 2019

Washington State has edged closer to its aim of adding six new AVAs to its current roster of 14 as this Pacific North West producer continues on its fast growth trajectory.

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Gin: Ascending the throne

Published:  14 November, 2019

It’s been on the cards for some time. Back in 2014, there were rumblings that gin was poised to overtake vodka as the UK’s spirit of choice in time for the new decade.

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New MD for Mast-Jägermeister UK

Published:  30 October, 2019

Mast-Jägermeister has appointed Michael Cleary as its new managing director for the UK.

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China fuels Aussie wine export growth

Published:  30 October, 2019

Australia’s wine exports grew 7% by value in the 12 months to 30 September 2019 to AU$2.89bn, Wine Australia has revealed.

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Aperol drives global growth for Gruppo Campari

Published:  29 October, 2019

Gruppo Campari has reported strong organic sales growth of 6.9% for the nine months to 30 September.

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Growth slows at Pernod Ricard

Published:  18 October, 2019

Sales growth at global drinks giant Pernod Ricard has slowed, with first-quarter turnover of €2.483bn revealing underlying growth of just 1.3%, in line with expectations.

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On-trade shrugs off Brexit gloom

Published:  14 October, 2019

Like-for-like sales in the on-trade rose 1.2% in September, according to the latest data from the Coffer Peach Business Tracker.

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Pernod Ricard consolidates business in France

Published:  03 October, 2019

French giant Pernod Ricard is consolidating in an effort to cut costs after it emerged that sales in France have fallen by €60 million (£53.4 million) over the past two years.

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‘Seriously jammy’ proposition helps drive premium Accolade growth

Published:  24 September, 2019

Accolade Wines has reported “significant growth” for its mainstream premium brands, positioned at £6 to £10 in the UK market.

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Two to three big Christmases left for gin amid premium spirits boom

Published:  23 August, 2019

Pernod Ricard is banking on another big hurrah for gin growth this festive season, with its on-going popularity and major presence in the UK’s cocktail culture helping to boost growth of premium spirits.

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Profits up at TWE as premiumisation drive pays off

Published:  15 August, 2019

Profits at Treasury Wine Estates leapt 16% over the last year, driven by the group’s focus on premiumisation.

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Modest growth for on-trade in July

Published:  12 August, 2019

Like-for-like sales for pubs and restaurants were up 1.2% year on year in July, according the the latest data from the Coffer Peach Business Tracker.

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Bacardi and Brown-Forman end longstanding UK sales partnership

Published:  01 August, 2019

Bacardi and Brown-Forman are to end their UK collaboration, the companies have revealed.

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Aperol continues its ascent with 22% sales spike

Published:  30 July, 2019

The apertivo movement continued to spread across Europe and the rest of the world in the first half of 2019, according to Campari’s latest results.

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