Business

90% of restaurants in London could become “unmanageable” if rents rise this year

Almost 90% of restaurants in London will close down or move if commercial property rents continue to rise this year, according to new research.

Bordeaux’s Château Vieux Paquillon sold to Aussie buyer

Vineyards-Bordeaux, an affiliate of Christie’s International Real Estate, has confirmed the sale of Bordeaux estate, Château Vieux Paquillon, to an unnamed Australian vineyard investor.

Codorníu rejects takeover bid from Carlyle Group

Cava producer Codorniu has rejected an offer from US investment fund the Carlyle Group to take a majority stake in its business, but is open to an approach from a potential minority partner, according to local press reports. 

LVMH wine and spirits sales grow 10% in Q1

Luxury goods conglomerate LVMH, whose brands include Moët & Chandon, Dom Perignon and Krug, has reported a strong start to the financial year with organic sales increasing by 13% in Q1 and its wine and spirits brands achieving a 10% uplift.

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