Paul Schaafsma is set to step down as the chief executive officer of Accolade Wines in the coming months, but may stay on through the company's initial public offering which is set for next year, according to sources.
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Conviviality PLC have today advised suppliers of fundamental changes to the group's wine buying structure.
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Accolade Wines' majority owner, private equity firm CHAMP, has formally appointed Reunion Capital Partners as an adviser for the company's initial public offering (IPO), which is expected to be listed in the first half of 2017.
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Yesterday Morrisons announced it struck a new deal with online delivery service Ocado, expanding its current services nationwide.
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Fever-Tree continues to grow on the back of the current gin boom that has been sweeping the UK with revenue up 69% according to interim H1 results out today.
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Consumer inflation rose 0.5% for the 12 months to June 2016, which although only slightly may be a signal of a future trend.
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Famed cognac conglomerate Rémy Cointreau's first quarter reported sales slid -2.1% to €218.6 million for the three months ending on 30 June 2016.
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In today's digital age with so much business and information changing hands electronically, the digital trail that is left behind is hard to erase. Similarly, authenticity and transparency with customers and consumers is becoming increasingly important.
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Beleaguered high street retailer Marks & Spencer has posted a 4.3% drop in total sales in the 13 weeks to July 2.
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The chairman of Majestic wine has announced that the group will not be paying a shareholder dividend this financial year in order to balance the books following the acquisition of Naked Wines.
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Convenience retailing is on the rise, with consumers looking to buy 'top-up' or 'meal for tonight' rapidly replacing the weekly shop.
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With the convenience channel experiencing heady growth, retailers must tailor their offer to consumers' habits.
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Improved Cognac sales and a big boost from a favourable foreign exchange helped to drive profits for Rémy Cointreau, which saw annual 2016 net profits soar 10.6%, beating expectations for the business.
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Sainsbury's saw sales for the first quarter slide with like-for-like retail sales down 0.8% for the 12 weeks ending 4 June 2016.
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Following the acquisition of the bulk of Diageo's US and UK wine business for £390 million in October, Treasury Wine Estates announced today it would be restructuring the US business.
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Following the acquisition of Matthew Clark on 7 October 2015, Convivialty saw sales soar 137% to approximately £864 million for the 53 weeks ending on 1 May 2016.
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Gruppo Campari results released yesterday show net sales remained flat at €327.4m for the first quarter of 2016, with organic growth offset by a negative exchange rate effects.
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Copestick Murray has posted its 'best ever year' with sales and profit for its year-end financial results setting records for the company.
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Conviviality Plc has announced its subsidiary Conviviality Brands Limited has conditionally agreed to acquire Bibendum PLB for an 'enterprise value' of £60 million.
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Chilean and Australian wines are on a roll in China where imports are on the up and currency fluctuations have boosted volume.
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