Australia’s Treasury Wine Estates has received a second multi-billion-dollar offer, sparking a bidding war for ownership of the troubled wine company.
UK sales of Franciacorta wines doubled in the first six months of 2014 with ramped up communications credited for raising greater awareness of its wines.
Diageo has blamed a net sales loss of £1.1 billion in 2014 on weak emerging markets and a continued slowdown in China.
The Australian Taxation Office has warned the wine industry not to abuse the system by unfairly claiming hundreds of thousands of tax rebates each year.
Morrisons has become the first UK retailer to stop selling cans with more than four units of alcohol in a single serve.
Destocking in China continued to impact Moët Hennessy Louis Vuitton (LVMH) in the second half of 2014, which has posted a 15% drop in profits in its wine and spirits portfolio.
Tesco’s licensing manager has been appointed chairman of the UK’s retail alcohol standards group.
Off-trade volume sales of Bordeaux wines grew by 13.9% in the last six months, despite a decline of 2.6% to the total UK off-trade market.
The average value of Australian wine exports has increased, despite volume decreasing by 6% over the past 12 months.
Total sales of drinks in the UK during the World Cup are expected to top at £1bn as it draws to a close this week, but sales overall have failed to fizz.
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