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Sunday 7 February 2016

Business

Majestic calls in new strategy as profits dip

Majestic Wines has launched a three-year strategy to reach sales of £500 million by 2019, after announcing a 50% drop in pre-tax profits for the first half of this year.

Monday, November 16th, 2015 No Comments »

Rise in single malt exports boosts Scotch

There is now clear evidence that the recent decline in Scotch whisky is slowing, says the SWA, with the volume of exports down by 3% – half last year’s decline.

Thursday, November 12th, 2015 No Comments »

Conviviality PLC acquires London events company

Conviviality PLC has announced the acquisition of London-based events company Peppermint, as it also revealed a 38% rise in profits.

Thursday, November 12th, 2015 No Comments »

Arínzano boosts Amber’s premium wine portfolio

Amber Beverage Group, the largest wines and spirits company in the Baltic countries, has added Arínzano to its premium wine portfolio, following parent company SPI Group’s recent acquisition of the estate in northern Spain.

Wednesday, November 11th, 2015 No Comments »

Britain signs £100m barley deal with China

Britain has signed a £100 million deal with China to export around 750,000 tonnes of the grain to the country over the next five years, the UK’s Environment Secretary Elizabeth Truss has announced.

Wednesday, November 11th, 2015 No Comments »

In pictures: Hong Kong Wine and Spirits Fair

From street art and oysters to Burgundy and beer-flavoured ice cream, we round up some of the highlights from this year’s Hong Kong International Wine and Spirits Fair.

Tuesday, November 10th, 2015 No Comments »

Virgin Wines reports £4.3m net profit

Virgin Wines has reported a net profit of £4.3 million for the year to 3 July 2015 – its first full year results since a £15.9m management buy-out of online retailer Direct Wines in 2013.

Monday, November 2nd, 2015 No Comments »

Hush Heath switches distribution to Liberty

English sparkling wine producer Hush Heath Estate has switched its distribution from Bibendum PLB to Liberty Wines as interest in boutique English wines grows.

Tuesday, October 27th, 2015 No Comments »

Majestic Wine scraps six-bottle minimum

Majestic Wine will remove its six-bottle minimum purchase rule from tomorrow as part of a new pricing strategy to simplify shopping in-store and online.

Monday, October 26th, 2015 1 Comment »

TWE confirms closures in production shakeup

Treasury Wine Estates is to close its Great Western winery in Victoria and Matua winery in Auckland as part of its continued push to remove “cost and complexity” from its global operations.

Thursday, October 22nd, 2015 No Comments »

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