Chapel Down: Winemaker toasts new CEO as finance chief resigns December 13, 2024 Chapel Down has named James Pennefather as its new chief executive while its finance head has resigned after a challenging year for England’s biggest winemaker. The London-listed firm said on Friday that Pennefather will take up the CEO post on 1 February, replacing Andrew Carter – who resigned in September as the firm reported a [...]
Naked Wines toasts progress as losses are slashed December 10, 2024 The boss of Naked Wines has said the brand is “in a better position, both financially and strategically” after slashing its losses during the first half of its financial year. The Norwich-headquartered company has reported a pre-tax loss of £5.6m for the six months to 30 September, 2024, down from the £9.7m loss it posted [...]
Chapel Down: Half-year profit almost wiped out as wine maker blames ‘one-off factors’ September 4, 2024 English wine producer Chapel Down has blamed ‘one-off factors’ for its pre-tax profit almost being wiped out during the first half of its financial year. The Kent-headquartered company, which is listed on AIM, said the fall from £2.4m to £40,000 in the in the six months ended 30 June was due to a ‘difficult macroeconomic environment’, [...]
Hallgarten and Novum Wines gearing up for hiring spree following buyout September 3, 2024 Hallgarten and Novum Wines is gearing up for a hiring spree after the family that owned the business for more than 50 years sold up to the fine wine trader Coterie. The Luton-headquartered wine importer, which had been owned by the Pieroth family since 1972, said it would launch a recruitment drive later this year [...]
Blast of the summer wine: English producers benefit from warmer climate August 5, 2024 The renaissance of English wine shows no sign of stopping in 2024 as increasing temperatures create better growing conditions in the south of the country. Turnover at the biggest producers of English wine has risen by 15 per cent in the last year and nearly three-fold in the past five years, according to accountancy group [...]