Sales of magnums are up 122% at Waitrose with consumers splashing out on larger bottles in the run up to Christmas.
Tesco is offering 26% off cases of Château Léoville Las Cases 2009 via a social selling campaign targeting fine wine lovers with “co-buying” service Buyapowa.
Tesco is predicting its full-year profits will be £400-800 million below market expectations, prompting its stock price to nosedive by 16%.
The UK wine market has split into two distinct tiers of consumers: those who splash out and those who are drawn to deep discounts, according to a new report.
Champagne prices in UK supermarkets are in free fall as supermarkets compete for market share using French fizz as their weapon of choice.
Tesco’s suspended head of beer, wine and spirits Dan Jago is expected to be fired along with four remaining executives under investigation.
The festive fizz wars have begun and Tesco has thrown down the gauntlet by selling one of its Champagnes for just £8, undercutting Aldi by £1.99.
Laura Jewell MW is to leave the Tesco wine department to become Wine Australia’s Regional Director for the UK, Ireland, and Europe.
Supermarket giant Tesco has added a new wine buyer to its team as its director for beers, wines and spirits, Dan Jago, remains suspended.
Business secretary Vince Cable has voiced his concerns about Tesco’s £263 million financial scandal, calling for a comprehensive review of the company’s practices.
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