Viva Wine reports 21% sales growth in Q2 on acquisitions
Sweden-based wine group Viva Wine reported a 21% increase in net sales for the second quarter, driven primarily by recent acquisitions of Delta Wines and Alpha Brands. CEO Emil Sallnäs attributed the growth to the acquisitions, but also noted that organic growth turned negative due to weakened consumer sentiment and elevated freight costs. The company expects these factors to continue affecting results, as it remains uncertain due to geopolitical and macroeconomic factors.
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