Business & Finance - Harpers Wine & Spirit Trade News

Denis O'Flynn, Pernod Ricard UK, why we need to get behind the WSTA

Published: 06 March, 2015

Denis O'Flynn, managing director of Pernod Ricard UK, talks about his plans as the new chairman of the Wine & Spirit Trade Association.

Brown Forman Q3 rise in profits driven by Jack Daniel's and premium whiskey growth

Published: 05 March, 2015

Brown Forman's reported underlying net sales grew by 5% and operating income increased by 7% for the first nine months of fiscal 2015 ending on January 31, 2015, despite the headwinds of a strengthening US dollar and unfavourable foreign exchange.

French vineyard attracts Seedrs highest number of crowdfunding investors

Published: 02 March, 2015

A French vineyard that launched a crowdfunding campaign has already attracted the record number of investors.

English Wine producer loses £80,000 worth of wine in raid

Published: 27 February, 2015

An English wine producer has had over 5,000 bottles of English wine stolen from its bonded warehouse in Sussex.

Treasury Wine says progress is being made, despite profits tumbling nearly 60%

Published: 27 February, 2015

Treasury Wine Estates has seen profits tumble nearly 60% - but boss Michael Clarke insists the company is making progress in "resetting" the troubled business.

Tesco names John Allan as new chairman

Published: 18 February, 2015

Dixons Carphone deputy chairman John Allan has been appointed to lead Tesco's board of directors as Richard Broadbent departs.

Wine sales rocket 20% to €44m at Vente-Privee

Published: 16 February, 2015

Wine sales rocketed in 2014 at flash sales site Vente-Privée, which is celebrating a 20% increase in wine turnover to €44 million, as it ramps up its UK focus with the appointment of a new managing director.

H1 results for Pernod Ricard show stability as Alexandre Ricard steps up as CEO

Published: 12 February, 2015

Sales growth for the first half of the financial year for Pernod Ricard was minimal, but stable, ahead of the announcement of leadership changes at the drinks giant.

Cold weather fails to dampen eating out sales in January

Published: 12 February, 2015

Restaurants and managed pubs saw like-for-like sales grow 1.4% in January, despite the snow and cold weather.

Tesco and rest of the supermarket industry returning to growth, says Kantar

Published: 10 February, 2015

After 13 reported months of decline Tesco has posted 0.3% growth and the supermarket industry as a whole appears to be improving with growth accelerating to 1.1%.

The Smith Report: The rise of independents retailers

Published: 09 February, 2015

There is some significant hype around the independent sector in the UK at the moment, but is it really warranted?

Conviviality Retail acquires 37 stores from GT News in £6m deal

Published: 04 February, 2015

Conviviality Retail, owner of Bargain Booze and Wine Rack, has acquired 37 stores owned by GT News in a deal worth £6 million.

LVMH profits up, despite poor wine and spirits performance in 2014

Published: 04 February, 2015

Moët Hennessy Louis Vuitton reported €30.6 billion in revenue for its full year financial results for 2014, which was up 6% over 2013, with revenue increases in all business groups except the wine and spirits arm of the company.

Opportunities ripe for consolidation in independent wine sector, predicts Broderson

Published: 03 February, 2015

The time is right for many independent operators across the wine and spirits sector to seriously consider consolidation in order to strengthen businesses, says drinks mergers and acquisition specialists Broderson & Co.

Burgundy's Domaine Chanzy first company to use crowdfunding for IPO

Published: 02 February, 2015

Domaine Chanzy will be the first company in the world to use a crowdfunding platform to launch its initial public offering (IPO) on the AIM exchange.

Diageo sales hit by currency and 'challenging' trading environment

Published: 29 January, 2015

Diageo's half-yearly sales were hit by currency and the "challenging" trading environment as organic net sales fell 0.1% and volumes 1.9%.

USA to be 'star of the global economy for 2015' says Euromonitor

Published: 26 January, 2015

Euromonitor's global economic outlook for 2015 forecasts the US economy will see the largest growth in real GDP and a strengthening currency, and should be the best performing advanced economy this year.

Fever-Tree boosted by second half results up by nearly 50%

Published: 23 January, 2015

Fever-Tree, the premium mixer company, announced yesterday a strong financial performance in the second half of 2014, with sales expected to rise 43% and revenue to grow 49% to £34.7 million.

Rémy Cointreau sales decline slows, shows signs of stabilising

Published: 22 January, 2015

Rémy Cointreau's sales are still declining based on its third quarter financial results, but falls are slowing signalling that the company may finally be stabilising following a Cognac crash that hit China.