UK hospitality sector suffers £80.8bn loss

The UK hospitality industry has seen sales plummet by £80.8 billion (US$112bn) over the last 12 months, according to new data. Data from the UK Hospitality Quarterly Tracker with CGA reported sales from the start of April 2020 to the end of March 2021 dropped to £46bn (US$63.8bn), a decline of 64% from £126.8bn (US$175.8bn) for the previous 12 months. UK Hospitality said the £80.8bn decrease was equivalent to £220m (US$305m) of sales lost every…

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English Spirit to open Cornwall distillery

UK-based producer English Spirit will open its new ‘state-of-the-art’ distillery and visitor centre in Cornwall this summer. In May 2019, English Spirit received planning approval to build a visitor centre on its site at Treguddick Manor, Launceston. The site, which will include a restaurant and bar, was due to open last year. Over the past three years, the English Spirit team has worked on converting a derelict agricultural building into an architecturally designed space to…

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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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