Heinemann revenue drops 60% due to Covid-19

Travel retail operator Gebr Heinemann reported turnover fell by almost 60% in the first six months of 2020 due to the Covid-19 pandemic. For full-year 2019, the group saw its revenue grow 5.3% to €4.8 billion (US$5.6bn), up from €4.6bn (US$5.4bn). Heinemann did not disclose any sales figures for 2020 but the group noted that the first half of the year recorded a decline of nearly 60% in turnover. Between March and May the retailer…

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Pernod Ricard predicts 2% dip in FY sales after coronavirus

French firm Pernod Ricard has reported an organic sales growth of 2.7% in the first half of its fiscal year, and expects a 2% sales decline for FY2020 after the coronavirus outbreak. In the six months to 31 December 2019, Absolut vodka owner Pernod Ricard saw reported sales grow by 5.6% to €5.47 billion (US$5.95bn). Organic profit grew 4.3% to €1.78bn (US$1.93bn), while free cash flow sits at €570 million (US$620.4m). “H1 FY20 demonstrated solid…

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Not-to-be-missed spirits events in 2020

Calendars at the ready because there’s a jam-packed itinerary of unmissable spirits events already lined up for 2020. These are the ones worth noting. The start of the year is the time that those in the spirits industry open their new diaries and mark the dates of some of the top trade shows and festivals to attend over the next 12 months. From the world’s largest cocktail festival in New Orleans to a new wine…

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Cocktail trends to watch in 2020

What makes the on-trade such an exciting sector to report on is its never-ending quest to push boundaries and deliver something new. But which trends will be big behind the bar in 2020? SB outlines its predictions. Last year we predicted that Sherry-based cocktails, closed-looped cocktails and conversations around health and wellbeing would dominate the bar world. There are a number of trends set to drive the development of the cocktail sector in 2020 –…

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Americas bars to visit in 2020

Nearly two decades after the cocktail revolution erupted in NYC, a love of fine drinks has spread to the furthest corners of the Americas. The craft cocktail movement may have originated largely in the metropolises of New York City and San Francisco, but today, the excitement surrounding good drinks is more palpable in smaller, burgeoning cocktail towns. After all, cities that were once considered secondary markets for spirits – think of the likes of Miami,…

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