Liberty optimistic after delivering financial results

20 November, 2013

Liberty Wines has announced an operating profit of £2 million for the 2012-13 financial year – up 0.15% on the previous year.

Turnover was down from £38.1 million to £36.5 million, but it made a higher gross margin, up 18.2% on the previous year.

Managing director David Gleave said: “The focus on quality and service has seen us increase profits at the same time as volume fell.

“We are optimistic for the coming months, particularly as we have made significant investments in our sales team in the UK and have completed the build of, and move to, our new freehold warehouse and offices in Clapham, London.

“These investments are already bearing fruit, as October 2013 was a record month for sales in the UK and Ireland, which bodes well for the run-up to Christmas.”




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
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