“I can’t think of another merger that would work this neatly,” Bibendum MD Michael Saunders told db today of its merger with PLB.
Bibendum Wine Limited has merged with drinks importer the PLB Group to create The Bibendum PLB Group.
The Serious Fraud Office is to carry out a criminal investigation into the finances of UK supermarket Tesco.
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.
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