Pernod Ricard’s recent sales figures have confirmed a trend of small but gradual improvement in the global trading environment.
LVMH has reported a 4% increase to its revenue for the first nine months of 2014, however wine and spirits was its only category not to achieve any growth.
Tesco has suspended three executives – including its director for beer, wine and spirits – as part of an investigation into a £250 million profit overestimation.
Pernod Ricard’s South Korean arm has allegedly been fined 10 billion Korean won (£5m) by the country’s National Tax Service.
Wine grape production is set to decline across nearly every major wine producing region in the world in 2014, according to analysts at Rabobank.
Oddbins has increased its focus on German wines to raise awareness of the country’s more interesting styles, emphasising it’s “not all about Riesling”.
Australia’s Treasury Wine Estates has received formal takeover offers from two private equity firms, according to the Australian Financial Review.
Diageo has garnered “overwhelming support” from its shareholders for bonuses criticised by some as “excessive” at its annual meeting.
Scottish brewer Innis & Gunn has reported a record turnover of £10.5 million – up 15% on last year and breaking through the £10m mark for the first time.
The wine industry is “peculiar, fragmented, confusing and impenetrable” and lacks innovation, according to one of the UK’s foremost figures in advertising.
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