Suntory's acquistion deal worth US$16 billion of Beam Inc officially closed yesterday making the renamed company Beam Suntory the third largest maker of distilled drinks in the world.
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The UK's largest retailer Tesco has had its credit rating downgraded by Standard & Poor following a "greater than anticipated" decline in like-for-like sales and lower profitability.
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Beefeater Gin is launching a limited edition gin in celebration of next month's opening of Beefeater London: The Home of Gin, which will be the first dedicated gin distillery visitor centre in London
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In case you missed some of the headlines this week (and a bit of last week due to the long weekend) on harpers.co.uk, we have done a review of the top online news, Q&As, and opinion stories.
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Symington Family Estates is releasing three very limited 2012 Ports that are up for sale prior to the public release of the wines, which in some cases won't be available to the market until 2020 at the earliest.
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English wine and beer producer, Chapel Down, suffered a 24% sales volume drop due to smaller yields from the 2011 and 2012 grape harvests. It has, though, increased overall sales revenue by 4% by raising the average selling price of its wines by 10% during the past financial year.
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Pernod Ricard, which released its Q3 financials today, posted a net sales loss of €127 million for the nine months of the 2013/2014 financial year, which is down 7% compared to last year for the same period, primarily due to heavy declines in Asia and other emerging markets.
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Port wine is having a renaissance and London restaurant "The Sign of the Don", in partnership with the Sandeman Port wine, is offering the public a rare chance to sample the wines which go as far back as 1944.
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Beam Inc, which is in the final stages of being acquired by Suntory Holdings Ltd, has reported its chief financial officer and two other executives have announced their intention to resign.
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Gin distillery Sipsmith is expanding from its original base in Hammersmith to a larger facility in Chiswick, west London.
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Diageo's interim results show only 0.3% growth over the last nine months, with organic net sales down 7.4% to Q3.
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Today marks the fourth annual Malbec World Day, which celebrates the grape that has helped Argentinian wines become the third most popular wine in the UK.
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Gruppo Campari announced yesterday it has signed an agreement to acquire 100% of the 150-year-old independently-owned Fratelli Averna for €103.75 million.
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Cafés selling wine by the glass, deli foods and gourmet cheese could become the new norm across the multiple grocers, as Waitrose tests new café formats including a grazing area.
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Diageo, which already owns 28.8% of India's United Spirits, has made a $1.9 billion bid to acquire an additional 26% share of the company.
Read more...LVMH's wine and spirits business group posted a decline of 8% in the first quarter compared to the previous year.
Read more...London Wine Fair has been making some big changes this year including pledging £40,000 to bring in 200 major buyers for the show, with the money being flagged to help the buyers with travel and accommodation costs and a 25% reduction in the space price for exhibitors.
Read more...PaperBoy Wine bottles, which were supplied by GreenBottle who helped manufacture the first paper wine bottles, have entered into a three year agreement with Ecologic Brands, Inc., an American company, to supply the bottles.
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, Q&As, and opinion stories.
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The annual Liv-ex en primeur survey found that 78% of merchants expect "significantly less demand" - down by at least a fifth - for 2013 wines compared to their 2012 counterparts.
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