Australia-based Cherubino Wines has announced the acquisition of winery and spirits brand, Margaret River Winemakers.

Naked Wines stock decreased by 3% this morning after the online retailer posted an annual pre-tax loss of £10.7 million.

French wine barrel manufacturer, Groupe Charlois, has expanded into the US with the purchase of Winemakers Cooperage (WC) from Treasury Wine Estates.

Brand Phoenix has been appointed distributors for Angove Family Winemakers in the UK off-trade.