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Gains in its gifting business and expanding it loyalty membership by over a third helped Virgin Wines to pull in bumper sales this Christmas.
January can be bleak for the trade, with the mix of diminished consumer spend, attempts to cut back on the booze and the ever-glorious weather conspiring against the will to go out and enjoy.
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Leading drinks producer Diageo has dropped its previous objective of obtaining 50% of its revenues from emerging markets by 2015 due to flagging growth in key emerging markets.
Diageo has sold its Argentinean wine business to Grupo Peñaflor, the global drinks group announced yesterday.
Treasury Wine Estates has refused to comment on speculation that it is lining up an acquisition of Diageo’s Blossom Hill brand and the rest of its wine business.