As we hover on the edge of a possible recession, with inflation reaching a 40-year year high in June, it’s no surprise that UK consumers are tightening their belts.
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Britain’s hospitality sector grew modestly in the last quarter of 2021, according to the latest CGA Market Recovery Monitor.
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As the hospitality industry continues to face a mounting crisis of cancellations and closures in the wake of Omicron and Plan B restrictions, UKHospitality chief executive Kate Nicholls has urged the government to step in and save many businesses from going under.
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Chilean producer Viña Concha y Toro's profits increased by 15% in the third quarter boosted by a better product mix, increases in its domestic market and real estate income which partially offset the global logistics crisis that affected shipments.
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Net profits at Chilean wine giant Viña Concha y Toro have risen 54% in the third quarter, the company has announced, with EBITDA growing 53%.
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Drinks giant Pernod Ricard has seen its sales drop 6% in the first quarter of the financial year, though UK retail sales remain dynamic.
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The GlenAllachie Distillery is extending its range of whiskies to include a number of limited edition expressions that highlight the wood management expertise of master distiller, Billy Walker.
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