Harpers Wine & Spirit Trade News

Fever-Tree to post 75% sales growth in 2016

Published: 24 January, 2017

Sales of premium mixer brand Fever-Tree were up 75% in 2016, the company expects to announce.

Wines and spirits continue to drive growth for LVMH amid luxury market slowdown

Published: 11 October, 2016

The wine and spirits division represented the second highest growth area for LVMH in its sales so far this year, with organic growth up 7%.

Sainsbury's sales dip further as it battles it out with discounters

Published: 29 September, 2016

Sainsbury's second quarter results show that the ongoing price wars are taking a toll on the retailer as like - for - like sales dipped a further 1.1%.

William Grant & Sons reports record profits

Published: 27 September, 2016

William Grant & Sons premium spirit business reported an 8.9% increase in profits after tax hitting record high of £147.4m.

Co-op profits halved as they continue to implement turnaround strategy

Published: 26 September, 2016

The Co-operative Group saw profits drop to £17m in for the first half of the financial year, but revenue rose by 2.2% to £4.7bn compared to the same time period last year.

Morrison H1 results show signs of recovery and beats expectations

Published: 15 September, 2016

Morrisons Supermarkets Plc first half of the year results are showing signs of recovery under the new leadership team and beat analysts expectations.

Pernod Ricard looks to save €400m through SKU reduction and operational efficiencies

Published: 07 September, 2016

Pernod Ricard is looking to save €400m as part of its 'operational excellence roadmap' intiative that is being rolled out between fiscal year 2016 through 2020, which includes SKU reductions of up to 30% in some regions.

Brown-Forman Q1 sales slide due to currency headwinds

Published: 01 September, 2016

Brown Forman first quarter sales slide 5% to US$ 661m due to on going currency headwinds and challenges in emerging regions, but underlying net sales increased 2%.

Fever-Tree's H1 revenue jumps 69%

Published: 26 July, 2016

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.

Rémy Cointreau annual net profits up following foreign exchange boost

Published: 09 June, 2016

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.

Gruppo Campari Q1 results dampened by currency effects

Published: 10 May, 2016

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.

Copestick Murray's 2015 financial results deliver 'best ever year'

Published: 09 May, 2016

Copestick Murray has posted its 'best ever year' with sales and profit for its year-end financial results setting records for the company.

Dip in Q3 sales at Pernod Ricard

Published: 21 April, 2016

Growth for the third quarter of the fiscal year at Pernod Ricard is down 3% due to shrinking demand in China and an earlier Chinese New Year.

Rémy Cointreau year results show growth as Asian trading improves

Published: 19 April, 2016

Rémy Cointreau saw net sales grow 8.9% for the 2015/2016 financial year to just over €1.050 billion with strong growth being driven "on the back of improving trends in Greater China."

LVMH Q1 miss expectations, but wine & spirits division shows growth

Published: 13 April, 2016

Luxury conglomerate LVMH first quarter results, which were released on Monday, missed analysts growth expectations, but the company's wine and spirits division Moët Hennessy did show sales growth of 4%.

Marks and Spencer food sales grow market share

Published: 08 April, 2016

Sales of clothing and homeware at Marks and Spencer continued to fall in the fourth quarter, but the food and drinks section continues to be a saving grace for the high street stalwart.

Soho House's credit rating downgraded

Published: 06 April, 2016

On Monday Moody's Investor Service credit rating agency downgraded the Soho House & Co and the Soho House Bond from Caa1 to Caa2, which is considered speculative grade is rated as poor quality and a very high credit risk.

Spirits business and retail outlets drive strong profit growth at Adnams

Published: 24 March, 2016

Adnams, the Suffolk-based brewer, distiller and retailer, saw profits rise 7.3% in 2015, despite flat sales growth.

Sainsbury's posts first quarterly sales rise for two years

Published: 15 March, 2016

Sainsbury's has posted its first quarter of growth for over two years, amid signs that health is returning to the UK's beleaguered multiple retailers.

Fever-Tree riding high on premium gin trend

Published: 14 March, 2016

Pioneering premium mixer supplier Fever-Tree continued its exponential rise in 2015 - its first full year of trading as a listed company - according to results announced today.