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Majestic holding off on shareholder payout
The chairman of Majestic wine has announced that the group will not be paying a shareholder dividend this financial year in order to balance the books following the acquisition of Naked Wines.
Read more...The chairman of Majestic wine has announced that the group will not be paying a shareholder dividend this financial year in order to balance the books following the acquisition of Naked Wines.
Read more...Convenience retailing is on the rise, with consumers looking to buy 'top-up' or 'meal for tonight' rapidly replacing the weekly shop.
Read more...With the convenience channel experiencing heady growth, retailers must tailor their offer to consumers' habits.
Read more...Improved Cognac sales and a big boost from a favourable foreign exchange helped to drive profits for Rémy Cointreau, which saw annual 2016 net profits soar 10.6%, beating expectations for the business.
Read more...Sainsbury's saw sales for the first quarter slide with like-for-like retail sales down 0.8% for the 12 weeks ending 4 June 2016.
Read more...Following the acquisition of the bulk of Diageo's US and UK wine business for £390 million in October, Treasury Wine Estates announced today it would be restructuring the US business.
Read more...Following the acquisition of Matthew Clark on 7 October 2015, Convivialty saw sales soar 137% to approximately £864 million for the 53 weeks ending on 1 May 2016.
Read more...Gruppo Campari results released yesterday show net sales remained flat at €327.4m for the first quarter of 2016, with organic growth offset by a negative exchange rate effects.
Read more...Copestick Murray has posted its 'best ever year' with sales and profit for its year-end financial results setting records for the company.
Read more...Conviviality Plc has announced its subsidiary Conviviality Brands Limited has conditionally agreed to acquire Bibendum PLB for an 'enterprise value' of £60 million.
Read more...Chilean and Australian wines are on a roll in China where imports are on the up and currency fluctuations have boosted volume.
Read more...Conal Gregory, the only Master of Wine to have been elected to Parliament, warns that there is no hope for duties to be reduced or even frozen if there is no effective campaign fighting that battle. He gives tactical tips on what the trade could do better to combat future hikes.
Read more...A 'Buy' rating has been set for shares at Majestic Wines, highlighting the potential of Naked Wines acquired by the company last year.
Read more...Growth for the third quarter of the fiscal year at Pernod Ricard is down 3% due to shrinking demand in China and an earlier Chinese New Year.
Read more...The Co-op has refused to deny rumours that it is planning to sell off 300 of its unwanted shops to manage debt and improve the rest of the chain.
Read more...Stock Spirits is recommending that its shareholders vote against Western Gate Private Investment Ltd's recommendations, in an increasingly heated row over loss of market share in Poland.
Read more...Rémy Cointreau saw net sales grow 8.9% for the 2015/2016 financial year to just over €1.050 billion with strong growth being driven "on the back of improving trends in Greater China."
Read more...Leading wine supplier Buckingham Schenk's parent company has purchased a new winery in Tuscany.
Read more...Multiple retailer Tesco posted its first quarterly sales growth in nearly three years signalling that the supermarket giant's turnaround is gathering momentum.
Read more...Luxury conglomerate LVMH first quarter results, which were released on Monday, missed analysts growth expectations, but the company's wine and spirits division Moët Hennessy did show sales growth of 4%.
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