Echo Falls and Lambrini owner loses over £100m as alcohol duty hikes bite Retail The owner of Echo Falls and Lambrini has slumped to a loss of more than £100m as the cost-of-living crisis and alcohol duty hike significantly impacted its finances. The UK arm of Accolade Wines, whose brands also include Hardys and Kumala, has reported a pre-tax loss of £103.8m for the 12 months to 30 June, [...]
Echo Falls, Kumala and Lambrini owner Accolade Wines raises prices and considers selling brands as losses widen Retail The UK arm of Accolade Wines, the company behind the likes of Hardys, Echo Falls, Kumala and Lambrini, is to continue raising its prices as it bids to return to profit.