International trade fair Prowein has released its Business Report for 2025, highlighting economic challenges and shifting consumer behaviour as the primary hurdles for the…
International trade fair Prowein has released its Business Report for 2025, highlighting economic challenges and shifting consumer behaviour as the primary hurdles for the…
Diageo has agreed to buy Philippines-based rum brand Don Papa. The multinational drinks company will pay EUR260 million with a further potential consideration of EUR177.5 million through to 2028, subject to the brand’s performance. John Kennedy, president, Diageo Europe and India, said: “We are excited by the opportunity to bring Don Papa into the Diageo portfolio to complement our existing rums. This acquisition is in…
Jeroboams has announced plans to open its ninth retail store. The Wimbledon Village site, which is set to open in December, will also feature premium food alongside its selection of wines, spirits and beer. Jeroboams CEO Matt Tipping said: “We have made no secret of the fact that we have wanted to grow our portfolio of shops, and take Jeroboams to areas where we would…
A new report from Campari Group UK has flagged premium rum as a key growth area for the spirit in the next year. The company’s UK Rum Category Report 2022 said that premium rum recorded an 18% increase in value sales in the off-trade in 2021, compared to a declining standard rum category (-1.7%). The report anticipates that growth will continue to come through the…
Aldi has reported its “best ever” Christmas, as demand for its own-label premium drinks range boosted sales. The supermarket said overall sales rose +0.4% on the previous year, when grocery spending was higher than usual, owing to lockdowns and shuttered hospitality. Citing Kantar data, Aldi said it was the only supermarket to grow sales in December. “Our premium Specially Selected range notched up its highest…
Premium own-label still and sparkling wines were big winners for supermarkets this Christmas, according to the latest figures from Kantar. The data specialists said today that overall premium own-label sales broke records this Christmas, with shoppers spending £627m on supermarkets’ own upmarket lines over the four weeks to 26 December, an increase of 6.8% versus 2020. Fraser McKevitt, head of retail and consumer insight at…
Caroline Thompson-Hill, regional managing director, Europe, Accolade Wines, makes her predictions for next year: 1. Premiumisation will continue. Consumers became more engaged and exploratory during lockdown – expect the traditional premium origins to grow but also New World premium to take centre stage as Brexit and supply issues impact France, in particular. 2. Bag-in-box/wine-on-tap formats will continue to grow. They provide a great solution for…
Budweiser Brewing Group (BBG) has predicted that 70% of beer consumption will be premium or super premium by 2025. The company said today that Covid-19 has cemented trend towards premiumisation, “as shoppers sought out known and trusted brands”. According to BBG, the premium and super-premium category is currently worth £3.4bn, up 5% year-on-year. Citing Nielsen data, the brewer said super-premium is now the…
