Treasury Wine Estates (TWE) has announced full year results showing underlying profits up 17% to A$770.3m, driven by strong growth for the Penfolds brand following the bounce-back of Chinese markets, and the full year contribution of DAOU.
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Berry Bros. & Rudd (BBR) has posted strong results, showing the family-owned business in growth for FY20 and “solid” half-year results for FY21.
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The Campari Group has reported a 33.5% drop in net profit, down to €77.6m, across the second quarter of 2020, with sales down 11.3%, at €768.7m.
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Treasury Wine Estates (TWE) and Penfolds are considering going their separate ways, with the latter set to be split off into a separate company to pursue global expansion into luxury beverages.
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One of the UK’s largest hospitality groups is showing signs of strain from drawn-out economic uncertainty, with profits nosediving 7%.
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Chapel Down, the English sparkling wine, spirit and beer producer has reported sales of 21% for the first half of the year alongside increased losses as it forges ahead with vineyard expansion and investment.
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Gusbourne has said it is showing “steady progress” as it reported results for the six months ended 30 June 2018.
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Chapel Down has reported a 20% increase in its wine sales alongside a 7% increase for its associated Curious Drinks beer and cider arm.
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Tesco has offered up the firmest confirmation yet of its turnaround since the business was rocked by an infamous accounting scandal three years ago.
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