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.
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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.
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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.
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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%.
Read more...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.
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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.
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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.
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The growth of premium wines is being restricted by major grocers and tough economic conditions, despite more adventurous consumers seeking them out.
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Global credit rating agency Moody's has further downgraded Tesco long-term credit rating from Baa3 to Ba1, which is considered "junk" grade for investments that are considered 'high risk'.
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Majestic Wine saw sales creep up 1.1% over a "difficult Christmas" while Waitrose celebrated a bumper 15.4% increase in BWS sales over the same period last year.
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Demand for bigger bottles of wine is increasing, with one retailer predicting sales will rise by 8% in the next 12 months.
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Moody's Investor Services, an international credit rating agency, says Tesco's profit warning "will further increase negative pressure on Tesco's current rating" and that Tesco would remain under review for another possible downgrade.
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New Zealand's Yealands Wine Group is looking at funding options in order to fast-track expansion plans and increase its vineyard holdings.
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Tesco has issued a warning flagging full-year trading profit will not exceed £1.4 billion - 20% lower than analysts' expectations.
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There have been more than enough financial scandals in recent months, raising the question: have we lost our moral compass when it comes to business?
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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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The 2% cap on business rates and commitment to a full "structural review", as revealed by the Chancellor of the Exchequer in his Autumn Statement, has been broadly welcomed across all sides of the drinks industry - both on and off-trade.
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The 2% cap on business rates and commitment to a full "structural review", as revealed by the Chancellor of the Exchequer in his Autumn Statement, has been broadly welcomed across all sides of the drinks industry - both on and off-trade.
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Start-ups have exploded onto the wine sector, particularly those with a digital focus, as 1,400 apps alone launched by 2014.
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Total revenue was up 3.3% rising to £614.9 million for the first half of 2015 fiscal year for pub company and brewer Greene King, but its operating profit dropped 3.1% to £123.3 million.
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