Britain’s leading hospitality groups recorded year-on-year sales growth of 2.7% in November 2024, marking the first ‘real-terms growth’ since June this year.
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A new report by Wine Cap suggests that investors are prioritising Super Tuscans over Chambertin, with modest declines in price compared to the most prestigious blue chip Burgundies.
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The UK’s leading hospitality groups achieved overall year-on-year sales growth of just 0.6% in October 2024, despite an increase in new openings recorded last month.
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Britain’s leading hospitality groups recorded modest year-on-year sales growth in September, continuing a trend of like-for-like growth that has been in situ since the beginning of the year.
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In a New Year message, UKHospitality (UKH) has outlined its priorities for the year ahead, with “respite from endless price rises” among those at the top of the pile.
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Many years ago I was asked to act as a strategic consultant to a Chilean wine business. They wanted help with reformulating their strategy, first to achieve break even, then to reach sustainable profitability. The business was 100% targeted at export markets, with the UK a key priority.
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According to research across 36 countries by IPSOS, a majority of people think the global economy will get worse in 2023. A whopping 79% think prices will rise faster than incomes, 57% believe it will be the hottest year on record in their country, and an alarming 48% think nuclear weapons will be used in a conflict somewhere in the world.
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Jascots Wine Merchants has recorded strong results for 2022, laying growth at the door of new business and an ongoing focus on range premiumisation.
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Low & no drinks are set to accelerate over the coming years, the IWSR has revealed, with analysts predicting that consumption will increase by a third by 2026, exceeding earlier growth rates.
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"How is the electorate feeling? Anxious, in a word. Our August optimism score was the lowest we’ve ever recorded.
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A new report issued by Rabobank, the multinational banking and financial services company, has examined the potential for a looming US recession to shrink the hitherto booming market for luxury brands.
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Tequila is stealing a march on other spirits categories, with an impressive 94% growth spurt in two years underpinning the rise of the Mexican spirit in the UK.
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Out-of-home food and drink sales are in growth in all of Britain’s 10 biggest city centres, with higher spend-per-visit driving growth rather than footfall.
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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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A new report issued by the IWSR is full of encouraging news for the international beverage industry. According to the organisation's Drinks Market Analysis, the value of global alcohol sales grew 12% last year to reach US$1.17 trillion, while volume rose by a more modest 3% in 2021.
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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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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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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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The purveyor of bar-quality pouches of popular cocktails talks to Andrew Catchpole about the explosive growth in ready-to-drink.
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January saw the lowest rate of online retail growth ever at a slump of -24.4%, according to the IMRG Capgemini Online Retail Index, which tracks the online sales performance for over 200 retailers. At category level, beer, wine and spirits fell even further, reaching an average of -26.6%.
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