Online retailer Naked Wines has lost nearly 40% of its market value after it admitted that lockdown-boosted sales and heightened customer acquisition is likely to see a significant drop in 2023.
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The latest financial results from English wine producer Gusbourne have reinforced the strong position of the category within the UK market.
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Inflation and price squeezes have impacted sales of FMCG products in the multiples over the past 12 weeks, including alcohol. However, in actual terms, alcohol is still a more profitable sector than pre-pandemic.
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Polonius: What do you read, my lord?
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Britain’s managed restaurant and pub groups’ delivery and takeaway sales remain more than double pre-Covid-19 levels – but trading has dipped year-on-year as consumers resume their out-of-home eating habits.
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Hospitality’s recovery from Covid remains “fragile”, new data has shown, as solid growth for Britain’s managed restaurant, pub and bar groups in March was dampened by high inflation.
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With sales exceeding all expectations, the drink for good times is back on top form, finds James Bayley.
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Last week’s out-of-home drinks sales were 7% up on pre-pandemic levels, CGA’s latest Drinks Recovery Tracker reveals.
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Viña Concha y Toro (CyT) has reached a ‘milestone’ in its sales career, with more than half of the company’s wine revenues stemming from higher-value products.
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The latest figures from DO Rias Baixas, Albariño’s home in ‘green’ north-western Iberia, show a 6.8% increase in volume and 14.8% jump in value sales in the UK in 2021 over the previous year, as the variety continues pull in the punters.
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Rising consumer confidence about safety and the easing of Covid-19 restrictions helped Britain’s managed pub, bar and restaurant groups to a modest increase in sales in January, the Coffer CGA Business Tracker has revealed.
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The UK’s leading English sparkling wine brand, Nyetimber, enjoyed a record year in 2021 in both sales and production. Following its largest ever harvest, Nyetimber’s UK sales increased by 55% on the previous year. Situated in the south of England, the 30-year-old winemakers saw sales in Europe grow by a whopping 89%.
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Multinational Pernod Ricard has posted record turnover from sales during the first half of the fiscal year (beginning July 2021), earning global revenues of €5,959m, with an organic growth of +17%.
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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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Italy's premier traditional method fizz saw encouraging sales growth in 2021, jumping beyond pre-pandemic levels to a record 20.3 million bottles.
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A five-year snapshot of the retail world reveals just how sales of wines and spirits have been shaken up by the pandemic, as Andrew Catchpole reports.
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Ecommerce is becoming a major force in global retail, with online sales of BWS achieving a total value of $6.1 billion in the US market last year.
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The easing of Covid-19 restrictions is having a positive impact on drink sales across the on-trade, according to the latest CGA Drinks Recovery Tracker.
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A hard seltzer might sound like a hangover cure to us Brits, but their power in the low-calorie, low-abv proposition, is not to be sniffed at. Jo Gilbert reports.
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Leading bar and restaurant operator Arc Inspirations has signed an agreement with HSBC to borrow £5m, allowing the company to fulfil its plans for expansion and growth.
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