Business & Finance - Harpers Wine & Spirit Trade News

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

Campari steps into ‘super premium’ cognac category

Published: 15 December, 2023

Campari Group is set acquire Courvoisier from Beam Suntory, adding what the company describes as a “fourth major leg” to its spirits portfolio.

Welsh hospitality calls for business rates relief

Published: 14 December, 2023

UKHospitality Wales has called on the Welsh government to boost beleaguered pubs, hotels and restaurants in Wales and provide vital business rates relief in next week’s Budget.

SMEs owed £22,000 on average in late payments

Published: 13 December, 2023

Following a review of business payments and cash flow, the government has found that small and medium-sized enterprises (SMEs) were owed on average £22,000 in late payments in 2022.

Hospitality sales up 4% YOY in November

Published: 13 December, 2023

Britain’s leading hospitality groups achieved year-on-year (YOY) sales growth of 4% in November, the new CGA RSM Hospitality Business Tracker has revealed.

BBR achieves 11% sales growth in FY23 Results

Published: 13 December, 2023

Fine wine and spirits merchant Berry Bros. & Rudd (BBR) has announced its financial results for the financial year ending 31 March 2023, reporting a sales growth of 11.1% on the previous year to £254.3m.

Wine Christmas sales uplift driven by inflation

Published: 30 November, 2023

Circana, a leading advisor on consumer trends, has revealed in its ‘12 weeks till Christmas tracker’ an upward trend in wine sales in terms of value.

Unite announces rolling Chivas Brothers strike action across Scotland

Published: 29 November, 2023

Workers union Unite has today (29 November) confirmed that over 500 members at Chivas Brothers distilleries and warehouses across Scotland are set for strike action in the coming weeks.