Daniel Lambert Wines is the latest company to sign up to the Harpers Best Practice Guidelines which looks to help suppliers and independent wine merchants work closer together.
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In case you missed some of the headlines this week on harpers.co.uk, we have done a review of the top online news, financial news for the drinks trade, Q&As, and opinion stories.
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Treasury Wine Estates will continue to focus on the opportunity and potential for premiumising wines in the convenience sector through the festive trading period and into 2015.
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Robin Copestick of Copestick Murray, Troy Christensen of Enotria and Simon McMurtrie of Direct Wines are part of a strong UK line up of major executives that have signed up as key speakers at next month's global Wine Vision conference.
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Moody's Credit Agency further downgraded Tesco short and long-term credit in response to company's announcement yesterday that it had overstated profits by £263m. Tesco's ratings will remain on review for further downgrades due to concerns over the potential financial impact for shareholder litigation.
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South American wines and more left field grape varieties like an Austrian Grüner Veltliner or a Spanish Albarino are going to become far more trendy in the months ahead, according to the new Waitrose Food and Drink Report 2014.
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A leading wine trade lawyer has called on suppliers who feel they have been badly treated by Tesco or any other supermarket, to complain to the Groceries Supply Code adjudicator.
Read more...The national media's business press has been busy this morning analysing Tesco's half-year 92% drop in pre-tax profits and even larger accounting black hole and looking at ways it can get itself out of the mire and back to leading the UK grocery retail market.
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Australia's McWilliam's Wines Group has returned to 100% family ownership after buying the remaining shares owned by E&J Gallo.
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The Serious Fraud Squad has said today it is "following developments at Tesco with interest" on the back of news that the profits black hole at the UK's biggest supermarket is higher than first thought.
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The sales crisis at Tesco is even worse than first feared with a 92% drop in pre-tax profits for the last six months, an even larger profits black hole than first announced and a blunt admission from new chief executive, Dave Lewis, that it has its work cut out to win back the trust of its customers.
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The creation of the Vin de France category has driven "important growth" in French wine exports as well as acceptance among younger consumers, Harpers France Summit heard.
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The TescoGate accounting crisis means retailers will take greater care in their dealings with suppliers, now the "genie is out of the bottle", experts have told Harpers.co.uk.
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Tesco continues to lose market share to its grocery rivals at both ends of the retail spectrum, according to the latest figures from Kantar Worldpanel which reveals that Waitrose achieved its record performance for the last 12 weeks of trading.
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Leading figures from all channels of the wine trade will be today taking part in the second Harpers France Summit to look at ways in which retailers, restaurants, distributors and importers can make the most of French wine in the UK.
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Up to 200 wineries will be heading to Amsterdam next month for the sixth annual World Bulk Wine Exhibition.
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Leading City and retail analysts fear consumers will be "horrified" by the fall-out from the Tesco accounting scandal which could have a knock-on effect on consumer confidence of not only the UK's biggest supermarket but across all major grocery retailers.
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Ex-Somerfield head wine buyer Angela Mount says the Tesco accounting scandal has lifted the lid on how retailers treat suppliers and given suppliers the "strength to speak out".
Read more...The grocery retail sector will never be the same again in the wake of the TescoGate accounting scandal now the lid has been lifted over supermarket and supplier relations.
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Leading analysts and trade experts are divided over whether the Tesco accounting scandal will have ramifications for the wider trade. Some say there will be "no change whatsoever" in the retail landscape, while others say the change will be "seismic".
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