Hard Brexit heads for the wine market

Hard Brexit heads for the wine market British Prime Minister Teresa May’s announcement yesterday that the UK is heading for a ‘hard’ Brexit – with no automatic access to the European single market – surprised nobody. But it provided a lot of food for thought to members of the wine industry, and not just in…

Champagne makers blame Brexit for lower 2016 sales

Champagne makers blame Brexit for lower 2016 sales Champagne has seen its global growth trajectory dented after fewer people popped corks in the UK following the country’s EU referendum, show preliminary figures. –         Global Champagne sales estimated at 306 million bottles in 2016, versus 312m in 2015 –         Value of orders hits 4.5bn euros, down on 2015…

Brexit may boost wine investment

Brexit may boost wine investment Wine investment is likely to become more attractive in post-Brexit Britain, according to 27% of 101 wealth managers and independent financial advisors (IFAs) surveyed by Cult Wines. It said those advisors highlighted two main reasons for a possible rise in wine investment: the fall in the value of sterling greater…

Dollar wine buyers swoop for Brexit deals

Dollar wine buyers swoop for Brexit deals Growing numbers of the UK’s fine wine merchants are reporting a post-Brexit boost in demand, but they are also wary that the cost of replenishing their cellars with top wines from Europe could be significantly more expensive. Where is the demand coming from? It is predominantly fine wine…

What Brexit Means for Bordeaux

What Brexit Means for Bordeaux Is there really anything else that we can write about this week? I am more heartbroken and frustrated than I can remember being. As a British person living in Europe, this was a result that I neither expected nor wanted. But it’s now almost a week on, and reality is…