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Pernod Ricard announces Q3 FY22 results

Published:  28 April, 2022

Pernod Ricard, the No.2 worldwide producer of wines and spirits, has announced its sales for the first nine months of FY22, and the results are very strong despite a volatile global market.

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First ever NFTs of South Africa’s finest wines sold for £175k at auction

Published:  27 April, 2022

A collection of five of South Africa’s finest and most historic wines have been sold as NFTs, marking a first for the South African fine wine industry.

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Rising cost of living sees average drinking out spend decline -9%

Published:  13 April, 2022

According to the latest data from Lumina Intelligence, consumer spending in the on-trade has declined by -9%, in the 12 weeks ending 20/03/2022. 

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Strauss & Co launches Africa’s first NFT auction with SA’s leading fine wine producers

Published:  11 April, 2022

South African auction house Strauss & Co has partnered with five of SA's most respected fine wine producers to offer Africa’s first fine wine Non-Fungible Tokens (NFT) on auction from 18-15 April. 

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Global thirst for Champagne drives staggering new price highs

Published:  06 April, 2022

Champagne sales surpassed pre-pandemic levels last year, with over 320 million bottles shipped worldwide and the US overtaking the UK as Champagne’s top export market by volume.

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Major prices hikes for wine drinkers, as VAT rises to 20% for the industry

Published:  01 April, 2022

In a sector facing soaring costs and plummeting consumer confidence, today’s increase in VAT gives operators a tough decision to make on price rises.

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Less choice and higher prices from new import checks, says Daniel Lambert

Published:  01 April, 2022

Yesterday, the cross-party, cross-business UK Trade and Business Commission heard that post-Brexit import checks would create less choice and higher prices for UK wine consumers.

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Vins de Provence rosés: sales rise by 9% in 2021

Published:  28 March, 2022

After a 6% drop in 2020, winery sales bounced back by 9% last year, according to data released by the Provence Wine Council (CIVP). The recovery is mainly due to good export figures, fuelled by booming European markets, and increased sales in channels such as wine merchants and hospitality outlets.

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UK removes ‘retaliatory’ tariffs on American whiskeys

Published:  24 March, 2022

The Bourbon Alliance and its members have welcomed the announcement of a resolution to a trade dispute, which resulted in destructive tariffs on American Whiskeys. 

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The trade reacts to the government’s VAT increase

Published:  24 March, 2022

Today, the government has officially returned the VAT rate for the hospitality and tourism industry to 20% (24 March).

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Calls to review ‘punishing’ tax regime aired in Parliament

Published:  22 March, 2022

The Wine and Spirit Trade Association (WSTA) has convened a meeting of MPs and Lords to hear first-hand from British businesses how the ‘punishing’ proposals for duty reform from three to 27 tax bands will negatively impact the drinks industry and consumers.  

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Champagne's Supernova

Published:  17 March, 2022

While there was little to celebrate in 2020, Champagne was back with a bang last year, which seemed to take everyone – including the Champenois – by surprise. 

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Virgin Wines subscription sales grows 23% in H1 2022

Published:  15 March, 2022

Virgin Wines, one of the UK’s largest direct to consumer online wine retailers, announced its interim results for the six months ended 31 December 2021.

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Hospitality sales above pre-pandemic levels, but cost of living looms large

Published:  14 March, 2022

Britain’s managed restaurant, pub and bar groups raised sales above pre-pandemic levels in February, thanks mainly to the removal of Covid-19 restrictions. Still, high inflation continues to make real-terms growth challenging.

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How the rising cost of living will impact consumer attitudes to drinking

Published:  11 March, 2022

As the cost of living increases, consumers are looking to reduce spending, and recreational drinking could bear the brunt.

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On-trade calls for hold on VAT rise

Published:  11 March, 2022

In April, the VAT on hospitality sector purchases will return to the pre-pandemic rate of 20%. The increase follows two years of reduced rates for the industry; in July 2020, rates were reduced to 5% before rising to 12.5% in October last year.

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Concha y Toro celebrates B Corp status with social media campaign

Published:  02 March, 2022

Concha y Toro, the UK’s second-largest wine company by retail sales, will mark B Corp month with a wide-ranging social media campaign.

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London hospitality struggling the most post-covid

Published:  01 March, 2022

Hospitality sectors in major British cities including Bristol and Manchester are recovering their vibrancy as Covid restrictions wind down, according to new research.

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New Zealand trade deal could mean cheaper wine for UK shoppers

Published:  01 March, 2022

The UK has signed a far-reaching trade deal with New Zealand to remove trade barriers on many UK goods and services and provide new opportunities for British businesses.

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Northern Ireland retailers welcome business rates announcement

Published:  17 February, 2022

Independent retailers in Northern Ireland have cautiously welcomed the announcement that non-domestic rates are to be frozen for the next financial year and that businesses will still receive a three-month rates holiday.

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