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Many of us in the wine trade rue the Brexit result. Some, including Tim Atkin in his recent Harpers piece, hope that it won’t be implemented. I campaigned to Remain, twice writing in Harpers in support, the second time urging readers to join in before it was too late. Alas, now it is. The people have spoken
Insights: What could Brexit mean for bulk wine? Subscription
As the pound-to-Euro exchange rate takes a battering, bulk buying from the eurozone has suddenly become a less attractive prospect. What kind of impact will this have on both sides of the Channel?
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Pernod Ricard Wine
Pernod Ricard UK managing director, Denis O’Flynn, has announced he will be leaving the group at the end of September.
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.
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.