Alcohol news 5 – Page 6
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NewsCity snapshot: British Honey Co losses surge
Losses at the British Honey Co ballooned to £12m in 2021 as a result of a number of writedowns, it was revealed this morning as the distiller and honey producer published long-delayed accounts.
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Diageo teams up with Encirc to produce net zero glass bottles by 2030
Encirc plans to build a furnace powered by electricity and low carbon hydrogen at its Elton plant in Cheshire
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Toast Ale secures £2m to continue food waste fight in beer category
Social enterprise brewery Toast Ale has raised more than £2m to grow the positive impact of its business, with investors including Heineken and former Unilever boss Paul Polman.
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City News: Naked Wines shares buoyed despite first-half loss
Naked Wines shares were buoyed this week by signs of a bottom line turnaround, despite slipping to a first-half loss
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Administrators seek buyer for Wild Beer Co
Beer brand Wild Beer Co has fallen into administration after struggling to recover from the pressures of Covid, while battling rising costs
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Crumbs Brewing brings in crowd cash to fight food waste
Sustainable beer maker Crumbs Brewing has hit a £150k crowdfunding target to back its growth plans and fight food waste with new product launches.
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Duppy Share Rum raises £2m to push UK growth
The business is forecasting 10% growth in the UK in the 2023 financial year and is aiming to gain a total of eight SKU listings across all the major mults by 2025.
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Scottish alcohol marketing proposals would ‘cripple’ us, say convenience retailers
The Scottish government published the proposal for consultation last week and is inviting responses by 9 March
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Heineken-owned Beerwulf launches marketplace model
Beerwulf – an online shop since 2017 in 10 European countries including the UK – launched its new marketplace model in the Netherlands this week
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Encirc acquires Accolade Wines’ UK bottling and warehousing site as part of £30m deal
The deal, which is scheduled to close in January 2023, aims to support the wine producer’s growth strategy in key markets including the UK and Europe
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Big Drop secures seven-figure funding to boost alcohol-free beer supermarket listings
Alcohol-free craft brewer Big Drop has smashed a multimillion-pound crowdfunding target
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Thatchers becomes latest brand to sue Aldi over copycat claims
The drinks brand claims Aldi has ‘intentionally mimicked’ its product with the ‘highly similar’ appearance of the discounter’s Taurus Cloudy Cider Lemon
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Defra proposals slammed as ‘nowhere near enough’ to tackle recycling cost crisis
A raft of industry bodies have been calling for years for action to tackle price volatility and a lack of transparency in the system, which requires suppliers to pay recycling companies or compliance schemes
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Accolade Wines expands new B.Ink brand targeting younger shoppers
It has added a Rosé and a Chardonnay to its lineup
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Carlsberg upgrades earnings expectations on strong Asian growth in Q3
Carlsberg has upgraded full year earnings expectations on stronger than expected growth in key markets on volume and pricing increases in the third quarter
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Canned cocktail brand Moth adds trio of 10% abv drinks
French 75 and Aperitivo Spritz are made with Tarquin’s gin, while Piña Colada contains Duppy Share rum
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Coca-Cola discontinues Signature Mixers range
The soft drinks giant launched the four-strong lineup in 2019 to tap interest in dark spirits
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City News: Naked Wines shares bounce back after admitting ‘mistakes’ in strategy
Announcing the result of its strategic review on Thursday, Naked said it had ‘reshaped’ its strategic plans
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City snapshot: Naked Wines to pivot to profit focus after ‘mistakes’ chasing growth
Naked Wines has cut growth expectations and pledged to cut costs and staffing levels to prioritise the bottom line after admitting it has “made mistakes” in the pursuit of rapid growth
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Wine prices set to soar as suppliers face surging glass cost hikes
Having already seen glass prices surge over the past year, major wine suppliers are now expecting to pay further increases of 45% to 70% for glass bottles
