Treasury Wine Estates has agreed to acquire Daou Vineyards for up to $1 billion, as it looks to accelerate its focus on luxury wines. The…
Treasury Wine Estates has agreed to acquire Daou Vineyards for up to $1 billion, as it looks to accelerate its focus on luxury wines. The…
Healeys Cornish Cyder Farm has announced a £5 million investment in production infrastructure, as well as its onsite visitor experience. As part of the spend, the business has doubled its processing capacity, with the introduction of new apple bays (pictured), a water transportation system, and an additional press. Joe Healey, managing director, trading at Healeys said: “This latest investment shows our continued commitment…
The founder of Naked Wines, who returned as chair earlier this year, has issued an apology to the online retailer’s shareholders, after the company recorded a £15 million loss for the year ending April 3. Rowan Gormley said in a letter along with the FY23 results announcement, that trading conditions are tough. “High inflation, higher taxes on alcohol and falling disposable incomes…
Looking back to this time last year, we were anticipating the impact that a winter football World Cup would have on the beer, wine and spirits industry. Increased secondary display space was given to beer, which translated into an estimated additional £41 million in beer sales leading up to Christmas Day, fuelled by the tournament running until December 18. So, what can we expect for…
Kent-based English wine producer Chapel Down has received planning approval for a near-12,000 sq m winery, as the company forges ahead with expansion plans. Chapel Down CEO Andrew Carter said the new site will have the capacity to produce six million bottles a year. The £32 million project includes an 11,900 sq m winery as well as 8,000 sq m of warehousing. Carter said the…
Brothers Daniel and Craig Wilson have opened their 20th One Stop store since first joining the convenience franchise in 2015. The pair now have the largest number of stores for a single One Stop franchisee. The Wilson brothers initially joined One Stop with seven stores in the Scarborough area, turning over around £7 million. It is expected that by the end of this…
English sparkling wine company Chapel Down has reported a 21% boost in sales for the six months to June 30. In a trading update today, the company said net sales in the period were £8.37 million, up from £6.94 million in H1 2022. Off-trade sales rose 25%, with Chapel Down’s market share at 36% in the six months, up from 31% in H1 2022. Citing…
Virgin Wines UK has said performance for the year to June 30 is in line with expectations. The ecommerce wine retailer said in its FY23 trading update today that total sales for the year reached £59 million, with adjusted profit before tax “no less than £0.5 million” for the period. The latest figures represent a dip in performance for the company, with FY22 overall group…
