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Saturday 10 December 2016 loc: GB

Business

Absolut write-down hits Pernod profits

Pernod Ricard saw sales rise by 8% to almost €8.56 billion in the year to the end of June, but a €404 million write down of its Absolut vodka brand caused net profits to fall by 15%.

Thursday, August 27th, 2015 No Comments »

Kirin buys $560m stake in Myanmar Brewery

Japan’s Kirin Holdings has taken control of Myanmar Brewery, Burma’s largest brewery, in a deal worth US$560 million.

Thursday, August 20th, 2015 No Comments »

Constellation buys stake in cocktail company

Constellation has acquired a minority stake in a Chicago-based cocktail company, the first project of its newly established investment arm Constellation Ventures.

Wednesday, August 19th, 2015 No Comments »

Spending boom signals UK on-trade growth

Consumer spending in pubs and restaurants has been accelerating in the first half of this year and is set to grow even more quickly in 2016, 2017 and beyond, experts predict.

Wednesday, August 12th, 2015 No Comments »

Diageo: The only way is up?

If Ivan Menezes wanted a theme song to accompany his presentation of Diageo’s latest annual results, he might have chosen the 1980s hit The Only Way is Up.

Friday, July 31st, 2015 No Comments »

Diageo signals turnaround as sales nudge upward

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.

Thursday, July 30th, 2015 No Comments »

Majestic launches Naked ‘click & collect’ service

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”.

Wednesday, July 29th, 2015 No Comments »

Suntory sells Louis Royer Cognac for €100m

Suntory has sold its Louis Royer Cognac brand to France’s Terroirs Distillers for €100 million (£74m).

Thursday, July 23rd, 2015 1 Comment »

UK sparkling wine industry takes off

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.

Monday, July 20th, 2015 No Comments »

Accolade lists top three UK on-trade wines

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.

Thursday, July 16th, 2015 1 Comment »

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