Diageo has reported a 5% rise in net sales for 2014/15, signalling a turnaround in the company’s fortunes after a challenging few years.
Majestic Wine is rolling out a Naked Wines’ click and collect service in all of its stores, cutting delivery costs for both the company and its 150,000 “Angels”.
Suntory has sold its Louis Royer Cognac brand to France’s Terroirs Distillers for €100 million (£74m).
Sales of sparkling wine produced in the UK have more than doubled since 2010, rising to £6 million in 2014 from £2.9m in 2010.
Wine brands Stowells, Jack Rabbit and Hardys are the current top three most popular wines in the UK on-trade, according to the latest report by CGA Strategy.
The wine industry has been urged to “assess the threat” posed by the recent growth of the cider category in global markets by Rabobank in its Wine Quarterly report.
Conviviality Retail has confirmed that it is in talks to buy Matthew Clark, one of the UK’s largest on-trade drink suppliers.
Bacardi has taken full ownership of Leblon Holdings LLC, including its cachaça brand Leblon, the latest in a rash of acquisitions by the producer.
Bacardi has expanded its portfolio of super-premium rums with the acquisition of Banks for an undisclosed sum.
A German entrepreneur has trademarked the word “Grexit”, referring to Greece’s possible exit from the Euro, and is launching a satirical vodka-based drink off the back of it.
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