Fine wine ‘guru’ Liv-ex continues to present a picture of a global market in stagnation, albeit there was some positive movement in February 2023.
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Pernod Ricard, the world’s second-largest wine and spirits seller has announced a 12% increase in sales for H1 FY23.
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UK restaurant company insolvencies in December of last year were the highest in at least four years says Mazars, the international audit, tax and advisory firm.
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Insolvencies of pub and bar companies have increased by 83% in the past year, from 280 in 2020/21 to 512, says UHY Hacker Young, the national accountancy group.
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From the Deposit Return Scheme to a new consultation paper on restricting alcohol advertising, the Scottish drinks industry faces a barrage of problems. James Bayley reports.
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Gusbourne, the Kent and West Sussex-based premium sparkling wine producer, has reported significant sales increases in its unaudited trading update for the 12 months to 31 December 2022.
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Burgundy 2021 is what happens when you invest in an agricultural product that is dependent on environmental circumstances outside of the control of growers, merchants and buyers alike.
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The British multinational alcoholic beverage company, Diageo, has reported net sales of £9.4 billion in the half-year ending 31 December 2022, an increase of 18.4% on the same period in 2021.
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Fine wine investment platform, Cult Wines, closed 2022 with a ‘positive end to the year’, the company has revealed, with its Cult Wines Global Index concluding the 12 months with a 20.54% gain.
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With inflationary pressures bearing down and the cost of living crisis biting, Harpers invited indies to respond to our Dealing with Price Inflation survey, to build a picture of how merchants are coping and what increases are being introduced. Andrew Catchpole rounds up the feedback.
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Virgin Wines, one of the UK’s largest direct-to-consumer online wine retailers, has published its trading update for the six months ended 31 December 2022.
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The goverment has announced a new energy support for businesses that will take effect from 1 April 2023, although at a lower rate than the present scheme.
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Majestic, the UK’s largest specialist wine retailer, has announced its second-biggest Christmas trading performance in history.
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The freeze on UK alcohol duty rates has been extended six months to 1 August 2023, the government announced yesterday (19 December 2022).
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A major shift in premiumisation trends is about to occur, new analysis from the IWSR has concluded, as millennials and those who enjoyed greater discretionary spend during the pandemic feel the strain of a new period of economic instability and stagnation.
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Fine Wine provided stability amid an increasingly uncertain economic outlook in 2022, a new report from Liv-ex has revealed. However, as renewed investment and speculation pushed prices, analysts have been left wondering whether the ‘Covid era boom’ has run its course.
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Premiumisation was an ongoing trend in wines and spirits during the first half of 2022 as consumers leaned into little luxuries, new data has revealed. However, as we teeter on the brink of global recession, it is increasingly clear that consumers are holding back on their drinks purchases – a trend that could be particularly acute in the UK, where both intensifying economic gloom and rising inflation is threatening to ‘derail premiumisation’.
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The amount restaurant owners are borrowing to keep their own businesses afloat has increased 12% in the past year, from £377 million in 2020/21, to over £424 million in 2021/22, says Mazars, the audit, tax and advisory firm.
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UK beverage manufacturers are now holding more than double the amount of stock compared to pre-pandemic levels, as delays and shortages take an increasing toll on the global supply chain.
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Cornwalls’ St Austell Brewery has taken a minority share in Harbour Brewing Co, a multi-award-winning Cornish brewery.
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