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Acquisition drive spells success for Virgin

Published:  22 January, 2024

Virgin Wines has announced a positive trading update for the six months to 29 December, with year-on-year revenue growth and significant increase in profitability part of the online wine retailers’ H1 2024 performance as it redoubled efforts to pick up new subscribers.

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WSG names Preston Mohr as managing director

Published:  18 January, 2024

The Wine Scholar Guild (WSG), a provider of wine study and certification programs, has announced Preston Mohr as its new MD.

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Coterie Holdings launches wine lending platform

Published:  18 January, 2024

Coterie Holdings, the holding company for Lay & Wheeler and Hallgarten & Novum Wines, has formally announced the launch of its wine lending platform Jera.

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Ecommerce set to swell alcohol sales, even as growth slows

Published:  13 December, 2023

The value of alcohol e-commerce is set to see slowed growth over the next five years as sales normalise following Covid. However, value is still forecast to increase by a hefty $7.5bn as online growth continues to outstrip traditional sales.

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Fine wine no longer ‘pillar of stability’ in tumultuous market

Published:  11 December, 2023

In 2022, fine wine established itself as a powerful alternative amidst times of economic turmoil, a pillar of stability in an otherwise volatile equities market. 

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SMWS launches whisky subscription service

Published:  29 November, 2023

The Scotch Malt Whisky Society (SMWS), the membership organisation that bottles and sells single cask and single malt whisky, has launched a monthly whisky subscription service – Drop & Dram.

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Penfolds ‘Luxury & Icon’ wines join La Place

Published:  27 November, 2023

Penfolds has appointed La Place de Bordeaux as an official distributor partner for its ‘Luxury & Icon’ wines across EMEA, effective 30 January 2024.

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WSET launches new industry talk series

Published:  20 November, 2023

The Wine & Spirit Education Trust (WSET), has launched a series of industry talks on its global Events Hub, hosted on YouTube. The series will explore key topics impacting the global drinks industry and bring together a diverse range of experts to share their knowledge. 

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Hedonism Wines unveils new auction platform

Published:  08 November, 2023

Mayfair's leading fine wine merchant has launched an online auction platform, due to go live on 13 November.

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Naked Wines UK appoints new MD

Published:  30 October, 2023

Online wine retailer, Naked Wines, has appointed Rodrigo Maza as MD of the UK business (pictured), as it continues to grapple with the ongoing challenge of new customer acquisition post-Covid.

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Naked Wines announces £15m loss after delaying results

Published:  20 September, 2023

Yesterday (19 September), online wine retailer Naked Wines announced a £15m loss in the year to 3 April. 

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Naked Wines press tasting: 'The next big thing is Burgundy, Bordeaux and Rhone'

Published:  15 September, 2023

From start-up to grown-up, Naked Wines’ press tasting in central London boasted a growing range of French classics to complement its portfolio of independent winemakers from across the world.

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Vivino switches up UK strategy

Published:  18 August, 2023

Vivino, the wine scoring and recommendations app, is switching up its ecommerce strategy in the UK, where it will no longer be pursuing direct sales and is instead leaning on its network of indie merchants.

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‘Most buyer-friendly Champagne market in recent memory’ says Cult Wine

Published:  07 August, 2023

Cult Wine, the fine wine investment platform, believes the ‘slow-down’ of high-end vintage Champagne prices might provide an opportunity for potential investors in the coming months.

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iDealwine begins shipping to Australia

Published:  02 August, 2023

iDealwine, the Paris-based online marketplace for fine wine and spirits has announced it will now deliver to Australia. 

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The Whisky Exchange to launch first Chinese Whiskey in UK

Published:  02 August, 2023

Spirits retailer, The Whisky Exchange, has exclusively launched three Goalong Chinese whiskies and a botanical gin on its website and in-store.

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Ofgem challenged on hidden energy costs by UKHospitality

Published:  25 July, 2023

Leading associations including UKHospitality have signed an open letter challenging energy regulator Ofgem to take ‘immediate’ action on hidden charges by energy brokers.

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Graham’s launches first NFT with 1970 and 2020 Vintage Port

Published:  24 July, 2023

Symington Family Estates famed port brand Graham's, is the latest wine business to join the NFT (non-fungible tokens) trend.

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Virgin recovers from end of year blip

Published:  17 July, 2023

Virgin Wines, one of the UK’s largest direct-to-consumer online wine retailers, has reported an end of year performance “in line with expectations”, following a “disappointing” downturn resulting from short term challenges at the end of 2022.

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The Wine Society trials recycled plastic bottles

Published:  14 July, 2023

Following the publication of its Alternative Packaging for Wine report in May, The Wine Society has embarked on the second phase of its packaging trial. This week, four of The Society’s most popular wines, including its top-selling wine, The Society’s White Burgundy, will be released in recycled polyethylene terephthalate (rPET) bottles.

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