Jess joined Just Drinks and Just Food in 2022 after sub-editing at the Daily Mail. She has also written for The Buyer and Bibendum Wine.
It follows a shaky financial period for the Clos Pegase brand owner, which predicted lower than expected revenue for fiscal 2024 despite “improving” margins.
The Commission said retailers’ ability to reduce prices and compete were “key objectives” of competition policy, especially in the current inflationary environment.
“The group’s performance is not at the level we planned because of the ERP issues, and resolving them fully… remains our immediate objective” – C&C Group CEO Patrick McMahon.
The slowing grocery inflation was led by easing prices of fruit, bread, cereals and meat – and falling fresh-fruit prices.
Founder Jeremy Borg said the first shipment of wine is due to be sent to the country within weeks.
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Discussions on the FTA, which began in 2018, could not be concluded as the two parties reportedly disagreed on quotas of Australian wine and meat.
The deal, negotiations for which have ongoing since mid-2018, will see tariffs axed on EU exports including wine.
“The whole industry is suffering. I’ve been in the business for 30 years and I think this is one of the biggest crises we have ever faced.”
Popular with holidaymakers, McCombie said the wines have growing potential in the off-premise as consumers look to replicate their holiday experience.
The first range is made up of white wines from three producers within the Tejo region that are light in style and lower in alcohol than the average.