Tougher Covid restrictions have seen bar, restaurant and pub group sales go into reverse in October, according the latest Coffer Peach Business Tracker report released today.
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Net profits at Chilean wine giant Viña Concha y Toro have risen 54% in the third quarter, the company has announced, with EBITDA growing 53%.
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Drinks giant Pernod Ricard has seen its sales drop 6% in the first quarter of the financial year, though UK retail sales remain dynamic.
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Hard hit by the pandemic, South Africa’s winemakers are proving their resilience and fighting back with an eye on higher quality and pricing. By Andrew Catchpole
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The introduction of new government restrictions to tackle the Covid-19 crisis has wreaked havoc on the nascent recovery in the UK’s hospitality industry, acording to the latest survey from the Coffer Peach Business Tracker.
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Andrew Catchpole talks to Mentzendorff boss Andrew Hawes pre and post-lockdown
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Angela Mount reports on the dramatic growth of wine and alcohol sales in both the impulse and Cash & Carry channels.
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Exports of English wine more than doubled in 2019 while sales overall rocketed 70%, according to the latest data from Wine GB released today.
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Sales of low- and no-alcohol drinks are up 30% year-on-year in the off-trade, with consumer spend on alcohol-free spirits hitting £5.4m, according to data from Nielsen.
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Organic sales at Pernod Ricard fell 9.5% as a result of the Covid-19 crisis, the company has reported, with revenues for the year to 30 June reaching €8.5bn.
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Food sales went through the roof in the first three weeks of the government’s The Eat Out to Help Out (EOHO) scheme, helping to normalise going out for Brits and jumpstarting the UK hospitality industry back towards health and prosperity.
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One of the many reasons people like working in the wine trade is the sense of common bond. Trade outsiders may doubt how friendly people who are direct competitors can really be. But they often are. People can’t help liking and respecting each other. The bonhomie that wine engenders helps, as does admiration for the labour, love, and sheer dedication of those who make the stuff. From producers to distributors, retailers, and communicators, an unstated feeling of shared mission is in the air. Now, too, the trenches spirit that comes with having backs against the wall.
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Registration is closing soon for the autumn Loire Valley independent wine merchant promotion, on which Harpers is partnering with Loire Valley Wines.
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Out-of-home drinks sales are continuing to nudge upwards after the end of lockdown, with pubs and beer in most demand so far, it has emerged.
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Managed pub, bar and restaurant groups open across England and Scotland are seeing a steady improvement in sales as more sites reopen, according to the latest Coffer Peach Business Tracker.
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Concha y Toro (CyT) has announced a £1.8m TV push for Casillero del Diablo, its biggest brand.
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Majestic Wine has confirmed the opening of new stores in Henley and Beckenham later this year as part of a five-year growth strategy aimed at increasing sales by 10%.
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The Co-Op has reported record sales over the past quarter, with the fastest share growth in the grocery retail industry for the 12 weeks to 14 June (Kantar). Sales are up 29.1%, bringing their market share to 7.4% – their highest since 2001.
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The Champenois are in disarray as efforts to reach agreement on the level of yield for the 2020 harvest failed at a recent meeting of the Comité Interprofessionnel du Vin de Champagne (CIVC) in Epernay.
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Pernod Ricard is predicting a softer impact on its business as a result of the ongoing Covid-19 crisis, according to its latest guidance for its 2020 results.
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