Apparently the Olympic Games have produced some success for the Brazilian wine industry. The Miolo Wine Group, based in the Vale dos Vinhedos in the south of Brazil, is reporting a 35 per cent increase of export sales this year compared with 2015. The UK is showing the largest increases.
Snakes & ladders
Pernod Ricard shares have taken a dive this month from a high of €106.25 to €102.85 at close of play 24 August. The share price has been up and down all year with the high being €110.25 and a low of €88.
Pernod Ricard’s main distributer in Canada is Corby Spirit and Wine it has released its three month trading to end of June with net earnings up 27 per cent to C$9.3 million ($9.43 million). The increase is due to a negotiated increase in commission rates on Pernod Ricard brands.
On and upwards
Coles year end results saw revenue up 2.7 per cent to 39.242 million and EBIT uo 4.3 per cent to $1.860 million. Food and liquor sales increased 5.1 per cent contributing $31.978 million
Impressive considering price deflation was 1.7 per cent.
An article in Drinks Business 24 August by Darren Smith on large UK distributor Matthew Clark is quite revealing on UK wine drinking habits, the change is towards lighter styles, the states
Austria: Up 103 per cent, Grüner Veltliner, up 14 per cent
German Riesling: Up 61 per cent
New Zealand: Up 13 per cent, Central Otago Pinot Noir up 196 per cent
Tasmania: Up 80 per cent
The base figures would have been good to see for a full judgment but the trend is lighter styles.
I had dinner in a local pub the other night I order a Chimay Belgian beer to begin it was listed as such but the country of origin was put as Germany. I pointed this anomaly out to the bar person asking in a light-hearted way how the person who typed Belgian could then type Germany? I was not surprised to receive the ‘I don’t give a #%^* shrug.’ Someone else ordered the wine for dinner saying it’s from King Valley, it was listed as such but wasn’t it was a Barossa wine, the winery’s main production is from the King Valley. Such incompetence combined with indifference annoys me.