Business & Finance - Harpers Wine & Spirit Trade News

Changyu challenges Moët & Chandon for world’s most valuable wine brand

Published: 28 July, 2023

Château Changyu, China’s oldest and largest wine producer, is second only to Moët & Chandon as the world’s most valuable wine brand.

Flaming June offers some respite for hospitality

Published: 26 July, 2023

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.

Ofgem challenged on hidden energy costs by UKHospitality

Published: 25 July, 2023

Leading associations including UKHospitality have signed an open letter challenging energy regulator Ofgem to take ‘immediate’ action on hidden charges by energy brokers.

Is India the next China?

Published: 24 July, 2023

India has emerged as a key volume driver for beverage alcohol, whilst China's growth has softened according to the latest IWSR analysis.

Codorníu invests in UK Market with London Ad campaign

Published: 19 July, 2023

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.

Soaring costs in wine, staff and energy threatens hospitality

Published: 19 July, 2023

Red wine is one of several key commodities threatening the hospitality sector’s post-Covid-19 recovery due to rising prices.

Live sport essential for UK pub and bars

Published: 13 July, 2023

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.

Cult Wines: Bordeaux takes a tumble with steepest fall in June

Published: 07 July, 2023

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.

Bordeaux En Primeur 2022 ‘a missed opportunity’

Published: 04 July, 2023

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.

Three UK drinks brands in Sunday Times Top 100 list

Published: 03 July, 2023

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.

HMRC downplays wine duty pain

Published: 03 July, 2023

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.

40% of Brits struggling to cope on salaries, new data finds

Published: 21 June, 2023

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.

Craft Gin Club raises 700k from crowdfund scheme

Published: 13 June, 2023

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.

Sparkling offers glimmer of light for UK alcohol, as global volume growth slows

Published: 08 June, 2023

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.

Liv-ex records ongoing stagnation in fine wine market

Published: 07 June, 2023

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.

Bordeaux 2022 best-ever recorded by Wine Lister

Published: 06 June, 2023

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.

Fast-growing wine merchant Cru Wine celebrates 10th anniversary

Published: 05 June, 2023

London wine merchant and marketplace Cru Wine will commemorate its 10th vintage this month after a decade of impressive growth.

LWF continues post-Covid recovery with visitor increase

Published: 19 May, 2023

The London Wine Fair (LWF) organisers have given their verdict on a ‘successful’ 2023 show, which pulled in the visitors to above the 10,000 mark.

Government has “failed” the industry – now extend alcohol duty relief

Published: 16 May, 2023

Industry chiefs have expressed a modicum of optimism about potential changes to the current plans for the new duty escalator, which could possibly avoid plunging businesses into a tangle of red tape – if only the government continues (or maybe begins) to listen to reason.

Insatiable demand for En Primeur Burgundy and luxury Champagne may be weakening, suggests new report

Published: 03 May, 2023

A study published by investment firm WineCap has revealed several key trends that continue to shape the fine wine market in 2023, including a relatively lacklustre demand for 2021 Burgundy and expensive bubbly.