One of the UK’s largest breweries just crowdfunded £2.5m, proving the people want craft beer November 30, 2016 The UK's second largest craft brewery, Innis & Gunn, just doubled its crowdfunding target, allowing it to accelerate growth and open its first bar-restaurant in England a year ahead of schedule. The Scottish brewery raised nearly £2.5m on the investment crowdfunding platform Crowdcube in a campaign launched on 1 November. The company had sold 4.79 per cent of its share capital to 2,012 investors at the [...]
Tobacco giants have lost their legal battle over plain packaging November 30, 2016 Tobacco giants have lost a legal battle against the government's new plain-packaging rules. British American Tobacco (BAT), Imperial Tobacco and Japan Tobacco International (JTI) appealed against the High Court's decision in May to enforce standardised plain packaging laws on cigarette boxes. Read more: Big tobacco firms aim to stub out new plain packaging laws via appeal Daniel [...]
Philip Morris has launched IQOS, its first smokeless cigarette, in the UK November 30, 2016 Marlboro-maker Philip Morris International (PMI) has launched its smokeless cigarette IQOS in the UK market. Unlike electronic cigarettes, which vapourise nicotine suspended in a liquid, this alternative product heats tobacco enough to produce a vapour without burning it, which the company believes makes it much less harmful. The vapour still contains nicotine but yields on average less than 10 [...]
Carlsberg is launching a £15m rebrand of its Carlsberg Export in a last-ditch effort to save lager November 29, 2016 Carlsberg announced it will spend £15m in marketing its Carlsberg Export brand, in a push to save the lager. The new design will reflect the brand's Danish heritage while giving it a more premium feel. Read more: Carlsberg falls flat as profits miss expectations The design takes inspiration from the cross on the Danish flag and incorporates the [...]
Diageo settled a lawsuit in North America over trademark infringement November 29, 2016 Diageo North America has settled a lawsuit with a US-based bourbon whiskey distiller and distributor over trademark law violations. Allied Lomar argued that Diageo infringed registered trademarks on the term "Stitzel" with the name of its Stitzel-Weller Bourbon distillery and brand labels including their Blade and Bow Bourbon. Allied, which said it first registered the [...]
Low-cost cakes beat Brexit blues as Patisserie Valerie’s owner reports profits and revenue are still growing November 29, 2016 Economic uncertainty doesn’t stop consumers from indulging in inexpensive cakes, the owners of Patisserie Valerie have found. Patisserie Holdings reported increased revenue and profits for the tenth consecutive year. The figures Revenue grew 13 per cent to £104.1m for the year ended 30 September, and online sales increased by 23 per cent to £3.8m. Profit before tax [...]
EasyHotel reveals solid growth and a “pipeline” to increase brand presence November 29, 2016 EasyHotel shares increased over one per cent as the "super budget" hotel brand announced the weak pound has created a strong market for inexpensive tourism in the UK. The figures Total system sales have increased 6.8 per cent to £21.3m from £20.0m in 2015, according to EasyHotel's final results for the year ended 30 September Read more: All eyes [...]
Latest campaign spending figures show a 52 to 48 per cent split between Leave and Remain in EU referendum donations November 29, 2016 The latest spending figures show donations to the Leave and Remain campaigns mimic the result of the EU referendum. The Leave campaign received 52 per cent, or £1,451,414, of donations while the Remain campaign received 48 per cent, or £1,344,419, according to preliminary data of donations under £250,000. Details of more than £4.5m in spending by 48 campaigners over the EU Referendum was [...]
Competition led sales to fall at one of the US’s first craft breweries. What’s next for the UK’s craft beer market? November 28, 2016 A major craft brewery in the United States reported sales were down as new craft beers crowd the market, but microbrewers in the UK shouldn’t worry, according to the Society of Independent Brewers. D.L. Geary Brewing Co., founded in 1983, was the first craft brewer in Portland, Maine, helping start the craft beer trend take off in [...]
