So, the deadline has come and gone – and despite an avalanche of criticism, including a letter sent by Hennings Wine owner Matt Hennings to his local MP in June, begging the government to wake up and smell the bonfire, the trade is now facing increases to the tune of 20% or 44p per 75cl bottle.
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Circana, the leading advisor on consumer complexity, has launched its Race for Resilience: Innovation Pacesetters report for Europe. Covering the six largest markets in Europe (France, Italy, Germany, Spain, UK, and the Netherlands), the report reveals declining product innovations for alcoholic drinks brands across the last two years.
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The changes to alcohol duty, due to come into effect tomorrow (1 August), are the biggest the UK has seen in nearly fifty years. As businesses make their final preparations, it seems we could see a raft of new changes entering the drinks landscape – including the need to better communicate the law of increasing returns when it comes to wine and the benefits of trading up.
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Inflation in hospitality rose again in June to 22.6% YOY, just shy of the record high of 22.9% in December 2022, as measured by CGA.
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Château Changyu, China’s oldest and largest wine producer, is second only to Moët & Chandon as the world’s most valuable wine brand.
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A scorching June helped Britain's managed restaurant, pub and bar groups achieve a ninth successive month of year-on-year sales growth, according to the latest Coffer CGA Business Tracker.
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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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India has emerged as a key volume driver for beverage alcohol, whilst China's growth has softened according to the latest IWSR analysis.
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Codorníu, Spain’s largest producer of organic cava, has invested heavily in a new London advertising campaign in a bid to become the market-leading cava by 2025.
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Red wine is one of several key commodities threatening the hospitality sector’s post-Covid-19 recovery due to rising prices.
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With a summer of sport in full swing and the women's World Cup just around the corner, new research by CGA has revealed the increased spend and dwell times pubs can enjoy when screening live sports.
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Cult Wines, which has its finger on the pulse of the fine wine market, reports a -0.83% decline in fine wine markets in June, marking the downturn of a broader market correction following an extended rally which ran from mid-2020 through to 2022.
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The fine wine marketplace Liv-ex described Bordeaux En Primeur 2022 as ‘a missed opportunity’ in its latest report, due, in large part, to exceedingly high critic scores.
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Three UK drinks brands have been listed in this year’s Sunday Times Hundred fastest-growing private companies in Britain, an annual celebration of the UK’s entrepreneurial achievements.
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HMRC, the architects of the upcoming duty reforms, have released a ‘one-month to go’ reminder about the changes coming into effect on 1 August – though with one glaring omission.
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Consumers are hitting the pause buttons on their lives as the cost of living continues to encroach on the most basic part of household incomes, new data has found.
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Craft Gin Club, the UK’s biggest gin subscription service, has had a strong start to its first-ever crowdfunding campaign, passing its initial £500,000 funding goal within two days of launch on the Seedrs platform.
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India, Mexico and Brazil will take over from the US and China as the volume drivers of growth for alcohol around the world, new figures have revealed. Meanwhile, the US and China remain key to the industry’s value growth – and the UK continues its trend of wine stagnation.
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Exchange platform Liv-ex has recorded a slump in the demand for luxury labels in recent times, as all its major indices show declines on a month-on-month and year-to-date basis.
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In part two of Wine Lister’s 2023 Bordeaux Study, the company has given the 2022 vintage the highest overall Wine Lister Quality score ever recorded, with 29 wines achieving scores of 980 or more in 2022, compared with just five in 2021.
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