Tesco’s beer, wine and spirits division is unlikely to have contributed to the supermarket’s £250 million accounting “black hole”.
UK retailer Tesco is expected to announce that the £250 million ‘black hole’ in its accounts – that has led to the suspension of BWS director Dan Jago – was overstated by around £25m.
This week featured a sleuthing fox, cricket talks, and a milestone for the Wine and Spirit Education Trust.
Hong Kong’s only whisky club is seeking to create a stronger appreciation for malt and grain whiskies from around the world among Hong Kong drinkers.
A revived distillery in Glasgow is set to release what it claims is the city’s first gin brand, with a new “metropolitan” single malt whisky also in the pipeline.
New French legislation could see those who promote or incentivise binge drinking amongst youngsters face heavy fines and even a year in prison.
Diageo CEO Ivan Menezes has told investors to expect an improved performance this year, despite the company reporting a 1.5% decline in organic net sales for its first quarter.
Rémy Cointreau has stood by its prediction of a return to growth this year as the drinks group reported a -5.6% organic sales decline in its first half results.
The Hong Kong Trade and Development Council’s Wine & Spirits fair will take place in Hong Kong next month with new exhibitors and features.
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.
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