Budget could destroy seventh-generation pub giant, warns boss November 18, 2024 The changes announced in the Budget represent an ‘existential threat’ to the future of a seventh-generation pub and brewing giant, its owner has warned. William Lees-Jones, who owns and runs Manchester-based JW Lees, which has produced real ale since 1828, has warned he is now “facing the very real prospect that we will never be able to [...]
Brewdog: James Watt ‘frustrated’ as brewer loses almost £60m October 16, 2024 Brewdog remains in the red despite a sharp uplift in its sales during its latest financial year, founder James Watt has revealed. In a post on social media, the former CEO said the Aberdeenshire-based business increased its revenue by 14 per cent to £366m in 2023. He added that it cut its operating loss to [...]
Sipsmith: Sales at gin maker fall for fifth year in a row October 14, 2024 Sales at gin maker Sipsmith have fallen for a fifth year in a row as it continues in the red. The London-based brand has reported a turnover of £14.2m for 2023 and a pre-tax loss of £17.2m, according to newly-filed accounts with Companies House. The new totals come after Sipsmith posted a turnover of £18.2m [...]
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 [...]
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 [...]