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Brits are not only thirsty shoppers, but are happy to jump online for an alcoholic fix.
Are listing fees driving down value? Subscription
Aside from the small matter of illegality in the US – an anomaly that stretches back to the post-prohibition era – listing fees are very much alive and kicking this side of the Pond, with restaurants and bars commonly involved in this type of support from the main brands that they sell.
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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.