Sealing wine with natural cork rather than screwcap can drive higher returns, according to data from Nieslen in a report commissioned by The Portuguese Cork Association.
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The UK’s leading brands are showing positive signs of recovery in the wake of the Covid-19 pandemic, leaping in value by 22% to reach a new record high of $278.8 (£207 billion), according to Kantar’s BrandZTM Most Valuable UK Brands 2021 ranking. However, growth rates show they are lagging behind the biggest global brands.
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As the biggest consumers of wine per capita globally, it might be expected that domestic sales of Portuguese wines would have fared well over the course of the pandemic, where drinkers globally were largely turned onto local vinous offerings.
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The UK pub and bar market is set to recover to 64% of its pre-pandemic value in 2021 to £14.8bn, Lumina Intelligence has revealed, with full recovery to follow by 2024, possibly exceeding 2019.
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Portugal is to take the Spotlight On spot at SITT this autumn, with a dedicated zone featuring 20 leading producers and importers.
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Leading New Zealand winery Villa Maria has signed a conditional agreement for the sale of its estate, three months after it officially went into receivership when it was revealed that it owed bankers NZD $212 million.
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Australian wine exports to the UK reached their highest level in a decade during the 2020–21 financial year, according to the latest Wine Australia Export Report released today.
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The total eating and drinking out market is expected to see 44.7% YOY growth in 2022, the equivalent value of almost £92bn and surpassing its 2019 value growth as pent up demand is set to give the sector a boost in its recovery from the pandemic.
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Rhône wines traded on Liv-ex rose 40% year on year, according to the fine wine platform’s newly released The Rhône – Solid as a rock report.
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Leading New Zealand estate Villa Maria has announced it is aiming to sell 31 ha of surplus land surrounding its headquarters in Mangere, Auckland, and is exploring raising capital to accelerate growth plans worldwide.
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Britain’s food-service sector is showing signs of post lockdown recovery, according to new research from information business The NPD Group.
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Marks & Spencer (M&S) has launched a new ‘Classics’ wine range comprising key wine styles from around the world.
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Consumers have come to expect value from Chilean wine, says James Lawrence, so how can they be encouraged to trade up?
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Alcohol has weathered the storm of the coronavirus, new figures show, beating packaged foods and other beverages to see a 25% uplift in value sales since the beginning of lockdown.
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With little to celebrate, it’s unlikely consumers will be reaching for the Champagne any time soon, but the category has weathered storms before, says Chris Losh.
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Austria’s wine industry posted record export growth figures in 2019 by both value and volume.
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Wines from the Bourgogne region grew last year by both volume and value in the key Hong Kong market – even as French wine exports fell overall.
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Global exports of Australian wine continued to grow in value during 2019, up 3% to A$ 2.91bn over the previous year.
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Australia’s wine exports grew 7% by value in the 12 months to 30 September 2019 to AU$2.89bn, Wine Australia has revealed.
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Argentinean wine brand Trivento has unveiled a time-limited Christmas-themed label for its Reserve Malbec.
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