The release of Lafite and second wine Carruades de Lafite represent the “most obvious buys of the campaign” though getting hold of some might be hard. Lafite is the last of the first growths to release en primeur and seems to have struck the pricing nail dead on. Liv-ex’s global members named the 2018 Lafite the ‘best’ wine of the vintage and the critics were rapturous in their praise (mostly). “If this wine doesn’t get Bordeaux lovers hearts’ racing, nothing will,” said Lisa Perrotti-Brown MW who gave it 98-100 points. James Suckling gave it 99-100, Julia Harding MW writing for Jancis Robinson...

UK retail giant Tesco has reported weak growth in the first quarter the year that lags behind its promising performance in the full financial year. Edinburgh, Scotland, UK – 21st March 2011: Front entrance sign of a Tesco Superstore supermarket at the Hermiston Gait Retail Park in Edinburgh. Tesco divide their UK stores into six categories, with superstores such as this one being classed as a large supermarket. In the 13 weeks to 25 May, UK like-for-like saw sales growth of 0.4% to £9,088 million, while Booker contributing sales growth of 3.1%. Online grocery sales were up 7% year-on-year,...

A US investment fund that owns a stake in Pernod Ricard and UK bookstore Waterstones has emerged as a new entrant in the race to bid for Majestic. The CEO of Majestic Wine, Rowan Gormley, in Majestic’s Mayfair store According to Sky News, investment firm Elliott Advisors, the UK wing of American activist hedge fund Elliot Management, has lodged a bid for Majestic’s 200 outlets, joining rival bids from OpCapita and Japanese-backed investment group Fortress for the wine specialist. The UK division already owns Waterstones, which it bought from Mamut last April, with the parent company...

Ethical consumerism has gone from niche to mainstream, a new report has stated, as the number of international consumers looking for Fair Trade wine also rises nearly 10% in a year. According to Wine Intelligence’s report looking at opportunities for sustainable, organic and lower alcohol wines (SOLA), younger consumers are the key demographic for ‘alternative ‘wines due to their open-minded attitudes and willingness to invest time, education and money into their health. The report found that young wine drinkers were not only more likely to purchase alternative wines such as organic, Fairtrade...