Wine Industry News

  • Margaux Price Cut for 2013 Wine Follows Lead From Lafite

    Margaux Price Cut for 2013 Wine Follows Lead From Lafite

    (Bloomberg) - A 10 percent price cut on its 2013 vintage from Chateau Margaux this week followed reductions from rival first-growths Chateau Lafite Rothschild and Chateau Mouton Rothschild as top Bordeaux estates tested market demand. Margaux put its 2013 wines on sale at 215 euros ($297) a bottle...
  • Pernod Ricard to buy California winery Kenwood

    Pernod Ricard to buy California winery Kenwood

    (Decanter) - Jacob's Creek owner Pernod Ricard has signed a deal to acquire Kenwood Vineyards in California as it looks to premium wine to help it achieve 'critical mass' in the US. The France-based spirits and wine giant said it has agreed to buy Sonoma Valley-based Kenwood's winery, brand rights...
  • Kurniawan sentencing postponed

    Kurniawan sentencing postponed

    (TDB) - The sentencing of convicted wine fraudster Rudy Kurniawan has been delayed until the end of May. The Indonesian-born wine dealer was found guilty on several counts of fraud by a New York Jury in December, and was due to be sentenced today. However a US federal court said on Wednesday that...
  • Spain: Rioja 2013 vintage declared 'good'

    Spain: Rioja 2013 vintage declared 'good'

    (Decanter) - A difficult 2013 growing season has culminated in the Rioja DOCa council describing the vintage as 'good', the worst official rating for a decade. Each of the Rioja DOCa vintages since 2004 inclusive have been rated as either 'very good' or 'excellent'. But, the appellation's ruling ...
  • Magnum of Nazi wine sells for £1,500

    Magnum of Nazi wine sells for £1,500

    (TDB) - A rare magnum of “Führerwein”, made on the orders of Adolf Hitler, has sold at auction for £1,500. The 1.5 litre bottle fetched £1,540 in an online auction hosted by Glasgow-based auction house McTear’s, according to a report by Decanter.com. Hitler, who...
  • Beer could lower arthritis risk in women

    Beer could lower arthritis risk in women

    (TDB) - Women who drink two to four beers a week have a lower risk of developing rheumatoid arthritis, a new study has claimed. The study, carried out by scientists from the Division of Rheumatology, Immunology and Allergy at the Brigham and Women’s Hospital and Harvard Medical School in Bos...
  • Canada: B.C. Industry Prepares for Shake-Up

    Canada: B.C. Industry Prepares for Shake-Up

    (Wines&Vines) - Small and mid-size wineries are hoping for a bigger voice as the British Columbia Wine Institute undertakes a governance review. Right now, large wineries have three representatives at the institute, while small and medium-sized wineries have two each. Meanwhile, the unique co...
  • Wine consumption falls again in Italy, show figures

    Wine consumption falls again in Italy, show figures

    (Decanter) - Wine consumption in Italy continued to fall in 2013, with the rise of beer and the decline of the family meal blamed by experts. Overall wine consumption in Italy dropped by 6.5% last year, according to Wine Monitor, a wine specific branch of the research group Nomisma, which reported...

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