Britain’s leading managed pub, bar and restaurant groups enjoyed their best December trading in three years, the latest data from CGA has revealed. However, thanks to double digit inflation, sales remain well below pre-Covid levels in real terms, demonstrating the double pronged impact of the cost-of-living crisis and Covid recovery on UK businesses.
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With his relaxed style and ample enthusiasm, Jay Wright certainly doesn’t fit the old stereotype of a wine trade CEO. As the boss of one of the more successful online retailers, though, he is clear about the vision and values that underpin the popularity of Virgin Wines. And much of that comes down to what he believes the company – and, by extension, the wider drinks trade – actually sells.
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Tequila is stealing a march on other spirits categories, with an impressive 94% growth spurt in two years underpinning the rise of the Mexican spirit in the UK.
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New research from CGA Strategy has uncovered a stark division between hospitality businesses in London and regional cities across the UK, with the latter thriving in the context of a difficult trading period, while London continues to struggle.
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Drinks sales have continued to edge further back towards pre-Covid levels in August, with spirits emerging as the leading category helping to catapult the on-trade towards recovery.
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When the pandemic overwhelmed long-standing merchant Jascots, Freixenet Copestick spotted an opportunity to create the ideal symbiotic relationship. Lisa Riley reports.
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