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Off-trade alcohol sales have risen 2.4% to £14 billion, with volumes up 0.8% - and Italian sparkler Prosecco has seen the most stunning increase of all, with values up 55% throughout 2014.
Read more...Tesco's move to scrap supplier fees and instead focus on getting the lowest prices upfront has been greeted with scepticism by leading consultants who describe is as "old-fashioned" and taking a "blunderbuss approach".
Read more...While the grocery market has returned to very slight growth, real grocery deflation, which has seen prices fall by 0.7% versus last year, equates to savings of £182 million for consumers in the last three months, according to Kantar.
Read more...Tesco is planning on scrapping its complex system of supplier fees in a move that could shake up the grocery sector.
Read more...Sales of Prosecco are fizzing across the major retailers in the run-up to Christmas, with Tesco predicting one in three bottles of sparkling wine sold this year will be the Italian favourite.
Read more...Moody's Investor Services, an international credit rating agency, says Tesco's profit warning "will further increase negative pressure on Tesco's current rating" and that Tesco would remain under review for another possible downgrade.
Read more...Tesco has issued a warning flagging full-year trading profit will not exceed £1.4 billion - 20% lower than analysts' expectations.
Read more...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.
Read more...Tesco has shaken up its management team with chief executive Dave Lewis taking a hands-on role leading the day-to-day running of the UK supermarkets.
Read more...Marks and Spencer's own brand wines cleared the decks at the first phase of the International Wine Challenge 2015, taking home 69 medals and outpacing nearest rival Tesco by 37 medals.
Read more...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.
Read more...Kevin Grace, group commercial director, Carl Rogberg, UK finance director, and John Scouler, UK food commercial director, three of the executives that were suspended from Tesco following its accounting crisis have left the company, according to a Financial Times report. Other suspended executives, including head of beers, wines and spirits, Dan Jago,could be dismissed next week, according to media reports.
Read more...Wine Australia has confirmed to Harpers.co.uk that it has appointed Tesco's Laura Jewell MW to be its new regional director for the UK and Europe.
Read more...A UK law firm is preparing legal action on behalf of Tesco shareholders that will allege directors and senior managers "knew or were reckless" over the retailer's "untrue of misleading" accounts, which overstated profits by £263 million.
Read more...Relationships between major supermakets and their suppliers are now at a "crossroads" according to Denis O'Flynn, managing director of Pernod Ricard UK, and we should expect tighter regulations to bring more control over the sector.
Read more...The ongoing price wars in the British grocery market have led sales to decline by 0.2% - the first decrease since market research firm Kantar World Panel began keeping records.
Read more...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.
Read more...Tesco has boosted its wine team with the addition of an assistant buyer and quality manager.
Read more...Oddbins boss Ayo Akintola has ended 25 years of cordial relations with rival retailer Majestic in a hard-hitting comment for Harpers.co.uk in which he accuses the firm of "morally repugnant" and "shabby" behaviour after it called on suppliers to fund a new warehouse.
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