Wine sellers in ‘bleak’ alcohol duty tax burden warning October 7, 2024 Four of the UK’s biggest wine sellers have said that upcoming changes to alcohol duty will lead to price rises in a “bleak” warning to their customers. Majestic, Laithwaites, The Wine Society and Cambridge Wine Merchants are amongst the wine businesses who together launched a poster campaign against changes to the excise duty. Excise Duty [...]
Asahi: Peroni and London Pride brewer slips further into the red October 7, 2024 Japanese beer maker Asahi, whose brands also include Peroni, saw its UK division slip further into the red during its latest financial year. The London-headquartered arm posted a pre-tax loss of £14m for 2023, having also lost £6.3m in the prior 12 months. Asahi UK last reported a pre-tax profit when it achieved a total [...]
Seedlip revolutionised alcohol free drinking. Now its founder has a new product: We tried it first October 6, 2024 Ben Branson birthed the alcohol free spirits scene when he launched Seedlip nearly ten years ago. Five years after selling his majority share, he’s ready to change the face of drinking. Again. He talks to Adam Bloodworth Through the launch of Seedlip, Ben Branson established a reputation as the founding father of the alcohol free [...]
Sales near £2bn at Glenfiddich and Hendricks Gin distiller October 3, 2024 Sales at the maker of the likes of Glenfiddich and Hendricks Gin surged to almost £2bn as its profit passed the £500m mark during 2023. William Grant & Sons, which is headquartered in Scotland, has reported a turnover of £1.96bn for its latest financial year, up from the £1.72bn it achieved in 2022. Newly-filed accounts [...]
Ab Inbev: Budweiser, Stella Artois and Corona producer continues to make huge loss despite price rises September 30, 2024 The UK arm of Ab Inbev, which brews Budweiser, Stella Artois and Corona, continued to make a substantial loss during its latest financial year despite raising its prices. The London-headquartered division not made a pre-tax profit since the £40.9m it reported in 2020. Since then the business has lost £6.4m in 2021, £89.5m in 2022 [...]
The Debate: Wetherspoons – is it magical or miserable? September 12, 2024 Wetherspoons, JD Wetherspoon, or Spoons as most of us call it. Should we be proud or ashamed?
Bulmers and Tennent’s owner C&C reports revenue dip after IT issues September 9, 2024 Drinks company C&C, which owns brands Tennent’s and Bulmers, has said earnings in the first half of its fiscal year have been “in line with expectations” as the group continues to recover from the software issues it experienced last year. The FTSE-250 firm said it expected net revenue to fall by three per cent for [...]
Kopparberg significantly cuts UK loss despite sales dip for cider brand September 3, 2024 The UK arm of cider brand Kopparberg significant cut its pre-tax loss during its latest financial year. The Leeds-headquartered division has reported a loss of £244,919 for 2023, according to newly-filed accounts with Companies House. That comes after Kopparberg posted a pre-tax loss of £2m in 2022. The last time the division made a pre-tax [...]
Stake in Lewis Hamilton’s non-alcoholic spirit Almave bought by Pernod Ricard August 29, 2024 A stake in Lewis Hamilton’s non-alcoholic tequila alternative has been snapped up by spirits giant Pernod Ricard. Pernod Ricard did not disclose the size of its investment in the brand but did confirm that it was a minority stake. Seven-time Formula One world champion Lewis Hamilton co-founded the brand, alongside drinks incubator business Casa Lumbre [...]
Pernod Ricard’s Russia exit leads to sales fall for Scotch whisky maker Chivas Brothers August 29, 2024 Pernod Ricard stopping all exports of its international brands to Russia led to a fall in sales for Scotch whisky maker Chivas Brothers during its latest financial year. The Scotland-headquartered company has revealed its net sales fell by 1.6 per cent in the 12 months to the end of June 2024 off the back of [...]