Latest news with #JustDrinks
Yahoo
30-05-2025
- Business
- Yahoo
Bulgaria's Chateau Burgozone looks to new markets amid US uncertainty
Chateau Burgozone is looking to expand its presence to new global regions as the Bulgarian wine maker faces uncertainty in the US. Speaking to Just Drinks at the London Wine Fair last week, the winery's co-owner Emy Marinova said the business was looking to enter new markets "especially with the insecurity around the American market now, and we are looking to find alternative markets in case... we lose positions". The group, based on the banks of the Danube river in Bulgaria, is looking at new markets such as Brazil and Africa. When asked why the group wanted to head to those countries and regions, Marinova said "they are more open minded to wine" and that "origin is not so important [as] the quality". The family-owned business specialises in white wines, producing a mixture of international and more local grape varieties, such as Tamyanka and Gamza. Marinova added the group's wines were still being sold in the US but there have been no new orders since President Trump announced plans to implement blanket tariffs on nearly all global imports to the US. "It was a little bit frustrating because all this happened just before ProWein, which is the big wine exhibition, and we saw the effect. There were no American buyers at this exhibition," she said. "We also see that many buyers now are on standby." Chateau Burgozone is sold in over 20 markets worldwide and has been exporting for 50 years, said Marinova. It's largest market is Belgium, followed by other Benelux countries like the Netherlands and Luxembourg. It also has presence in Asia such as Japan, China, Singapore and Malaysia, among other markets. As part of its strategy, Chateau Burgozone is also looking to introduce more of its local grape varieties into markets where it's already well established. "First, we start with a blend where we would introduce Cabernet Gamza, and then say, 'now let's try this Gamza [by itself]', which is a Bulgarian grape variety," said Marinova. "This [is our] objective at the end, to position ourselves into what is differentiating us from the others with our local grapes. But this takes time." "Bulgaria's Chateau Burgozone looks to new markets amid US uncertainty" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
UK's Canned Wine Group to seek further funding
UK-based Canned Wine Group is looking to raise more funds by the end of 2025 as it looks to grow headcount and expand the presence of its on-draught keg line. Speaking to Just Drinks at London Wine Fair last week, co-founder and CEO Simon Rollings said the money would be used for "working capital", to build its sales and marketing teams and scale the on-tap line for its Copper Crew brand. Rollings said the single-serve wines business was looking to raise £3m ($4m), mostly from new investors and was in talks with several venture capital firms. It has so far raised £2m to date. Canned Wine Group launched its 20 litre wine kegs in the UK in March and is looking to expand the presence of those in the UK and Ireland, the latter of which it entered last week. Co-founder Ben Franks told Just Drinks the Copper Crew keg line was being well received, especially following the introduction of the Extended Producer Responsibility scheme, which came into force in the UK last month. The policy requires producers to report how much packaging they put into the market and pay associated rates per tonnage. "There's... some really interesting restaurant groups and pub groups and so on that see the benefits with EPR coming in and switching to that new format," Franks explained. Rollings also said the move into kegs responded to a significant demand. "Part of that is being driven by EPR, part of it by sustainability," he said. "It's also about service, so rather than having staff refilling fridges, they're serving customers. Because changing your keg over is instant, whereas filling a fridge is time consuming, and you're not doing what you should be doing as a bar[tender], waiter, waitress, which is serving customers and delivering a very great experience." Speaking on future plans, Franks said down the line that the company wanted to increase the number of brands in its portfolio, which it might do through M&A or in-house. "We're looking at where does that fit, what the opportunities are in the market, either through acquisition of creating our own," he said. "So, building on this idea of being a brand house that has multiple brands for different occasions". Canned Wine Group's portfolio includes Canned Wine Co. and Copper Crew, which it acquired in 2023. The UK is Canned Wine Group's main market. It also sells to the Netherlands, France, Greece, Malta and now Ireland. Speaking to Just Drinks in 2023, the business said it had ambitions to bring its products to the US. Last week, Rollings said that interest was still there, but that the market was "not something we're proactively going after at this stage", adding there was plenty of "scope" to build the business in the UK and "nearer markets like Netherlands and Ireland". The group sees the US as an "enormous opportunity" but also a "challenge in terms of scaling to that size", he said. "Obviously, as a business that is focused on sustainability, there's probably different ways in which we can set the business plan to serve the US market. So that's a case of we will do it at some point, and we'll just wait until the time is right and really try to do it well." "UK's Canned Wine Group to seek further funding" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Greek winery Diamantakis looks to diversify exports
Greece-based winery Diamantakis is aiming to diversify the markets it sells to as it looks to protect itself from global market volatility. Speaking to Just Drinks at the London Wine Fair last week, winemaker and co-founder Zacharias Diamantakis, said one of the group's main goals was to focus on its exports and selling to more markets. 'I believe export is really important for the winery because your market could be divided," said Diamantakis. "You shouldn't focus your sales on one market, you need to have a lot of places to sell wines because a place could suddenly become problematic, like the United States. Our United States market is quiet this year. It's quite difficult [because of] all the tariffs now. So I think for all the wineries, it's very important to have open doors to multiple markets." The winery has distributed its products with Vindependence since 2018 in the UK, selling in retailers and specialty stores. Diamantakis said the business was looking to find new stores to sell through there. The business is also looking to find distribution in countries such as Norway, Sweden and Finland. Diamantakis added that 70% of the winery's sales mostly go to one place, its home market of Greece, and more specifically Crete. The winery aims to create a structure where its sales can be supported by multiple markets. 'So if one market doesn't live up to its potential, we will have the opportunity to focus on another market. Because if one leg of your sales doesn't work, you have a chance to go the another leg, maybe the other one will be stronger," he said. Founded in 2008, the winery currently sells to European countries including Belgium, Germany, Cyprus and The Netherlands. Its wines are also available in three US states, Canada and Mexico. 'We came here with the goal of supporting the wines of the region of Crete. This is very important, because we are here nine winemakers from Crete, from our area, from the region. And it's very nice to be here and support the region (…) and Greece." The business's portfolio currently offers wines made from nine grape types, which are both local and international varietals. Diamantakis sells approximately 120,000 – 150,000 bottles a year. How much the company can harvest depends on how the winter season treats the grapevines. "Greek winery Diamantakis looks to diversify exports" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Workers strike at German breweries
Employees are walking out at several breweries in Germany's North Rhine-Westphalia region this week in a spat over wages. Workers took part in a "warning strike" yesterday (26 May) at Krombacher's brewery in Kreuztal. Around 150 Krombacher employees downed their tools for a two-hour period, Isabell Mura, deputy regional chairwoman of the North Rhine-Westphalia branch of the Food, Beverages and Catering Union (NGG), told Just Drinks. A "warning strike" acts as a "warning signal" to employers, Mura said. Demonstrations are also taking place today (27 May) at the Veltins brewery in Meschede, Hochsauerland, at the Dortmunder Actien Brauerei (DAB) in Dortmund, and Diebels brewery in Issum. "A lot of trouble has been brewing in North Rhine-Westphalia's breweries – especially at Krombacher in Kreuztal. Employers are putting the brakes on wages. This is provoking a 'knot in the beer pipeline' – namely, a whole series of warning strikes in many North Rhine-Westphalian breweries," Mura said in a statement. She added that the move across these German breweries could hit production. "Summer thirst could also suffer: Reduced beer production would also make barbecues and summer festivals drier," Mura said. The NGG union has called on brewery employers to give all staff a 6.6% wage increase this year. It has argued that employers have so far proposed a 2% hike for 2025, and a 2.2% wage increase for 2026, is "clearly too small a wage increase for properly brewed beer", said Mura. All full-time staff should earn at least €280 ($318) more a month, which "will primarily benefit those who aren't higher up the wage ladder like brewers", she said. The NGG is also calling for apprentices to receive €130 a month, Mura added. Responding to the news, Veltins told Just Drinks: "We consider the two-hour warning strike to be disproportionate given that a third round of negotiations has already been scheduled. The C. & A. Veltins brewery is interested in a better position for our employees in line with the market in agreement with both collective bargaining partners." Just Drinks has contacted Krombacher, DAB, and Diebels' owner Anheuser-Busch InBev for comment. Strikes also took place at Gaffel and Reissdorf in Cologne and Stauder, Essen, on Friday (23 May), Mura told Just Drinks. No further stoppages are planned for now, she added, noting that negotiations were due to take place with companies on 8 July. "Workers strike at German breweries" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
27-05-2025
- Business
- Yahoo
Nestlé to invest in Nescafé in Brazil
Nestlé is to invest 500m reais ($88m) in its Nescafé operations in Brazil. The funds will be invested through 2028, going towards expanding manufacturing capabilities at its Montes Claros facility in Minas Gerais, the company told Just Drinks. Nestlé manufactures its Nescafé Dolce Gusto coffee capsules at Montes Claros. Part of the sum will also go towards modernising the company's foodservice division Nestlé Professional in the country and investing in innovation, Nestlé said. The money will help to expand and upgrade the Nestlé Professional commercial equipment network in Brazil. The foodservice unit currently produces over 26,500 machines installed in cafés, offices, bakeries, and convenience stores. "The initiative underscores Brazil's central role in Nestlé's global operations, within one of the world's largest and most dynamic coffee markets," the company said. Brazil is a major consumer of Nescafé, along with India and the UK, Nestlé told Just Drinks. 'Coffee consumption in Brazil is evolving. There's growing demand for quality, enjoyment, and practicality, whether at work, in cafés, or on the go. Our portfolio reflects this evolution by offering distinctive, personalized experiences,' said José Argolo, business executive officer of Nestlé Professional Brazil. 'We already manage Nestlé's largest professional machine network worldwide. Our goal is to grow this footprint by 30% by 2026,' Argolo added. Coffee is present in 98% of Brazilian homes and considered essential by 80% of the population, the company said. This fresh investment follows Nestlé's 1bn real investment last year in its Brazil Nescafé operations, which went to the Araras Factory - Nestlé's other major factory in Brazil - in São Paulo State. The Swiss group injected the sum into its site in Araras in São Paulo as it looked to manufacture different products and flavours. One product highlighted by Nestlé was iced coffees. The group noted more than one in ten of the coffee consumed in Brazil's out-of-home channel is iced. The company said there had been 'significant growth' in sales among consumers aged 16 to 24. 'Brazil has become a strategic hub for coffee innovation and consumption. Our long-term investments reaffirm our commitment to delivering high-quality products while generating positive impact across the entire supply chain,' said Nescafé business executive officer Valéria Pardal, speaking on the latest investment. 'We continuously invest in innovation to serve a consumer who seeks variety, convenience, and excellence. This new chapter enhances our ability to develop offerings that reflect Brazil's rich diversity of tastes." "Nestlé to invest in Nescafé in Brazil" was originally created and published by Just Drinks, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
