Tesco profits drop 92%

23 October, 2014

Tesco chairman Sir Richard Broadbent is to step down after the supermarket revealed the “black hole” in its accounts was even bigger than had been suspected and saw pre-tax profits plummet 92%.

Diageo aims to grow its luxury reserve portfolio from 12% of the business to 20% after launching the £45 rrp Haig Club whisky in partnership with David Beckham.

Rioja must hold price

23 October, 2014

Deep discounts risk denting the image of Rioja and wineries should resist cutting prices to shift surplus wine, according to Marques de Riscal.

Asda has been forced to recall its own-label Prosecco Spumante Extra Dry after bottles started exploding in stores and in customers’ homes.

Pernod Ricard posted a 1% sales dip in Europe during the first quarter of the 2014/15 financial year.

Australian wine producer McWilliam’s is 100% family-owned once more after buying the remaining shares held by E&J Gallo.

Heineken blamed wet weather for a 4.1% drop in revenues for Western Europe during the third quarter of 2014.

Brewdog will serve 16 collaboration beers made in partnership with local breweries at each of its bars across the UK as its craft beer festival returns on October 25.

Rockers Status Quo have passed a million sales for the first time since the 1970s after the millionth pint of the bands Piledriver ale was downed this week.

New look for Rudgate

17 October, 2014

North Yorkshire-based craft brewery Rudgate has given its bottled ale range a revamp.

Babycham has added two flavoured variants to its range for the first time.

Greene King has teamed up with Tesco to release four bottled beers designed to cater for growing interest in specialist brews and new flavours.

Pernod Ricard has chosen three brands – Jameson, Chivas Regal and Brancott Estate – to focus its marketing efforts on in the run-up to Christmas.

William Grant has bolstered its advocaat range by launching Warninks White, a vodka liqueur with flavours of white chocolate and mint.

The advertising watchdog has warned Diageo that future marketing must not appeal to children after it banned a Parrot Bay ad that was deemed to “appeal strongly to under-18s”.

Tesco has confirmed it has suspended global head of BWS Dan Jago over the £250 million accounting scandal.

The 2014 Bordeaux vintage should be “as good as, if not better than 2006”, according to a leading producer.

One of the world’s largest online e-cig suppliers is making a concerted push into the UK off-trade with a range of cartridges, pens, pipes and liquids.

Chivas Brothers said it is confident in long-term growth potential for Scotch whsiky after announcing production will start at its new distillery later this month.

The number of UK wineries has risen to a 20-year high after 46 budding vignerons registered with HMRC in the past year.

Westons has launched a mulled version of its Henry Westons cider in bag-in-box.

Lager and cider suffered dwindling sales over the summer months as shoppers turned to spirits and ales instead, according to the latest Nielsen data.

Suppliers have had their hopes raised of less one- sided relationships with the major supermarkets in the wake of the controversy over Tesco’s accounts.

Off Licence News has taken its fight for legal clarity over Reducing the Strength schemes to the European Commission.

The quality of Crus Bourgeois wine is improving each year and bringing younger consumers into the Bordeaux category, according to retailers.

Wines of Rioja is redistributing its marketing budget to focus on independent retailers and the on-trade as it seeks to push into more premium tiers.

Australia continues to pull away from its closest rivals as the UK’s favourite wine producer after value sales grew 2% to £1.1 billion (Nielsen, year to July 19).

Office worker Graham Nelson first tried making beer a year ago, but today the beer he originally crafted in his kitchen went on sale at Waitrose.

Berry Bros & Rudd has released a new whisky made from 10 vintages of aged spirit from its Glenrothes distillery on Speyside.

Sparkling wine is now worth £510 million to the UK retail trade after sales grew 19% in the past year (Nielsen, 52 weeks to July 19).

Specialist retailer The Whisky Shop has launched a new e-commerce website in a bid to transport its “bricks and mortar flagship store concept into the online world”.

William Grant & Sons is set to release the fourth expression of The Girvan Patent Still single grain Scotch whisky.

Gordon & MacPhail is to release a series of private bottlings to mark the transition of the family-owned firm to a new generation.

Co-op grows range for autumn

06 October, 2014

The Co-operative has added three new wines to its Truly Irresistible range.

Waitrose said sales of fine wine and Champagne are up 7% this year compared to the same period in 2013.

Bargain Booze owner Conviviality Retail will expand its food range after hiring Spar’s head of fresh food Andrew Dorricott to head up its non-licensed products team.

Tesco category manager Andy Gale has moved over to the supplier side of the drinks trade by joining Concha y Toro UK as head of new business and technical development.

Drinks industry members are invited to spend a night in Double O Heaven as The Benevolent’s Northern Ball pays homage to James Bond this November.

William Grant has launched the first whiskey produced in New York state in 80 years into the UK market.

Researchers at Sheffield University have argued that putting a minimum unit price of 45p on alcohol would be 50 times more effective than the current ban on below-cost selling.

Pernod Ricard has added a cherry variant to premium vodka brand Absolut in a bid to build on 28% sales growth (Nielsen, May 24, 2014).

The Tesco wine team has bolstered its range with five new 1.5 litre bag-in-box wines launched under its Finest banner.

Retailers must add credibility to own-label alcohol by improving quality and value as it enjoys the least consumer love of any category in FMCG, according to research firm Datamonitor Consumer.

Camra has appointed Tim Page as its new chief executive after Mike Benner left the post to head up Siba.

Treasury Wine Estates has down two bids from private equity groups valuing the firm at £1.8 billion, preferring to grow the business as a standalone company.

Naked Wines saw pre-tax profits rise by 56% during 2013, according to new figures published by the online retailer.

Halewood has launched a new Romanian wine brand called Surprisingly Good as it seeks to challenge perceptions about the quality the nation’s winemakers can offer.

Tesco has launched a digital version of its Wine Magazine in a bid to reach more drinkers via their tablets.

Copestick Murray has struck a deal to distribute the wines of Lisa McGuigan, fourth generation winemaker of the legendary McGuigan winemaking dynasty.

Heineken has launched a digital ad campaign for Strongbow Dark Fruit and Citrus Edge.

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