Distributor Paragon Brands sells majority stake

Maison Villevert has acquired a majority stake in distribution company Paragon Brands and expects the UK distributor’s revenue to triple in the next five years. Maison Villevert’s export director, Guillaume Villerabel, forecasts “a comfortable target of £15 million (US$21m) revenue within the first three years” for Paragon Brands. Terms of the deal were not disclosed. Chris Jones, founder of Paragon Brands, said: “We are committed to the sales and distribution growth of our portfolio and…

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Canadian provinces cut EU and UK spirits duty

The Liquor Control Board of Ontario has reduced levies on EU and UK spirits by 42%, while Québec will cut taxes on imported spirits next month. From today (1 April), levies on spirits produced in the European Union (EU) and UK will be reduced in the Canadian provinces of Ontario and Québec. The cut is as a result of an audit carried out following the ratification of the EU-Canada Comprehensive Economic and Trade Agreement (CETA).…

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UK gin exports fall £100 million in 2020

Gin exports from the UK dropped by £100 million (US$139m) last year due to the impact of the pandemic, according to HM Revenue and Customs (HMRC) figures. HMRC figures cited by trade body The Gin Guild revealed UK exports of gin fell to £572m (US$793m) in 2020, with a 25% drop in exports to the European Union (EU). British gin sales abroad reached £672m (US$872.7m) in 2019. The UK left the EU on 31 January…

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Prince Charles tells on-trade ‘we need you badly’

The Prince of Wales recorded a message of support for the UK hospitality industry, stressing the “invaluable service” the sector provides and that “we need you all badly” following months of on-trade closures. Prince Charles delivered his support for the hospitality industry, paying tribute to the “immense contribution” the sector makes to the UK, both economically and socially. His speech was delivered during the Master Innholders’ Hoteliers – Battered but not Beaten event yesterday (18…

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Hottest bar openings in February 2021

From Las Vegas’ latest arcade bar to a New York venue that pays homage to its past, we have sought out the most exciting new openings around the world. Despite being the year’s shortest month, February welcomed a host of exciting new venues onto the global cocktail scene. From audiophiles paradise Waxflower on the outskirts of Melbourne to a secretive Prohibition-inspired speakeasy off the Las Vegas Strip, the world’s brightest and best bartenders continued opening…

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