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WSTA takes aim at Gareth Davies on duty

Published:  26 March, 2024

The government is using public health arguments as a “thin veneer to maintain market distortions” Miles Beale, chief executive of the WSTA, has said in a rebuttal of the claims made by Gareth Davies at the Westminster Hall debate earlier this month.

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Majestic ‘exploring’ purchase of Vagabond Wines

Published:  21 March, 2024

The UK’s largest wine retailer, Majestic, has confirmed it is “exploring a deal to purchase all or part of the Vagabond Wines business”.

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Naked Wines hires debt advisers Interpath

Published:  18 March, 2024

Online wine retailer Naked Wines has hired debt advisers to explore refinancing options amid financial difficulty.

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Alcohol duty frozen till February 2025

Published:  06 March, 2024

The government dashed hopes of a cut to alcohol duty following the announcement of the Spring Budget today (6 March) by chancellor Jeremy Hunt.

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Inflation drains Treasury coffers by £600m

Published:  21 February, 2024

Soaring alcohol inflation has made an explosive hole in HMRC’s receipts, new figures reveal.

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Accolade Wines taken over by consortium

Published:  05 February, 2024

Accolade Wines, Australia’s second-largest producer, has been taken over by a consortium of investors led by Bain & Co, the US-based management consulting company.

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Caring to sell The Ivy Collection for £1bn

Published:  29 January, 2024

Billionaire restaurateur Richard Caring has put his £1bn stake in The Ivy and its spin-off restaurants up for sale.

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US becomes Fever-Tree’s biggest market

Published:  25 January, 2024

Mixer producer Fever-Tree saw its total revenue rise by 6% in the year-end 31 December 2023, a figure below market expectations.

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D&M achieves record Christmas sales

Published:  17 January, 2024

Drake and Morgan, operator of 17 premium bars and restaurants in London and Manchester, has announced record festive trading with like-for-like sales up 31.7% against the same period in 2022 (4 weeks to 31 December 2023).

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2023 Champagne shipments down 8.2%, 'as expected'

Published:  15 January, 2024

Le Comité Interprofessionnel du vin de Champagne (CIVC), the organisation grouping the actors of Champagne production and trade, has revealed that total Champagne shipments in 2023 were down 8.2% to 299m bottles.

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BWS Christmas sales down for UK multiples

Published:  11 January, 2024

Despite record spend on groceries during Christmas in UK supermarkets, sales of beer, wine and spirits were all in decline over the same period.

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WineCap cautiously optimistic for 2024

Published:  11 January, 2024

Following news that the Liv-ex Fine Wine 100 Index ended 2023 down 14.1%, WineCap has outlined its expectations for the year ahead, amid a ‘correction phase’ which might present opportunities for investors. 

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Liv-ex 100 closes 2023 down 14.1%

Published:  09 January, 2024

After several years of enjoying relative immunity to the surrounding socioeconomic turmoil, the fine wine sector finally succumbed in 2023, suggesting investments are not as fail-safe as they once were.

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Majestic announces best-ever Christmas trading

Published:  09 January, 2024

Wine retailer Majestic has announced its best-ever Christmas trading performance, boosted by six new store openings in 2023 and its growing B2B division, Majestic Commercial.

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British alcohol sales rise in CPTPP countries

Published:  04 January, 2024

Sales of British alcohol products such as English sparkling and Scotch whisky are on the rise in the Indo-Pacific region, the UK government has announced.

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Scottish hospitality businesses denied rates relief

Published:  20 December, 2023

Following months of campaigning, leading hospitality bodies are ‘extremely disappointed’ with yesterday’s Budget announcement in Scotland.

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Hallgarten acquired by Coterie Holdings

Published:  19 December, 2023

Hallgarten & Novum Wines has been purchased by Coterie Holdings, joining Lay & Wheeler, bonded warehousing Coterie Vaults and wine lender Jera in a growing fine wine portfolio.

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Survey reveals 44% of Brits choosing not to dine out this festive season

Published:  18 December, 2023

A new study from Forbes Advisor, the price comparison and financial guidance platform, has found that two in five Brits (44%) are choosing not to dine out this festive period (1 December - 2 January), the same figure it was 12 months ago when the survey was last conducted.

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Lidl boasts best-selling wine in three categories

Published:  18 December, 2023

Lidl GB has revealed that it has the bestselling wines across three categories – Montepulciano, Saint Emilion and Nero D’Avola, with prices starting from £5.

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Scottish hospitality businesses ‘hang in the balance’ without government support

Published:  18 December, 2023

New analysis has revealed that thousands of Scottish hospitality businesses will be left unsupported if a rates relief isn’t included in the Scottish Budget tomorrow (19 December).

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