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  • Treasury Wine Slumps After A$160 Million Writedown

    July, 14, 2013
    (Bloomberg) - Treasury Wine Estates Ltd. (TWE), the world’s second-largest listed wine company, fell the most since a 2011 listing after saying it would write off A$160 million ($145 million) to get rid of old and out-of-date bottles. The writedown, greater than the company’s expec...

  • US: Will Rudy Kurniawan Find a New Lawyer?

    July, 14, 2013
    (WineSpectator) - Accused wine counterfeiter Rudy Kurniawan and his lawyer may soon be parting ways. After meeting privately today with Kurniawan and defense attorney Michael Proctor , Judge Richard Berman returned to his lower Manhattan federal courtroom and set another conference for July 1...

  • US: Hart Wine Auctions Rise 30% in First Half to $20 Million

    July, 14, 2013
    (Bloomberg) - Wine auctions by Chicago-based Hart Davis Hart Wine Co. rose 30 percent to $20 million in the first half of this year as demand persisted for top Bordeaux and Burgundy wines as well as rare Champagne. A case of Chateau Lafite-Rothschild 1982 took the top slot at its most recent auc...

  • SA wine exports gain most in five years

    July, 14, 2013
    (MoneyWeb) - UK, Sweden, Germany and the Netherlands: biggest markets for packaged wine. South Africa’s wine exports increased the most since 2008 in the first half, boosted by a better harvest and a weaker rand that made the price of locally produced goods more attractive, an industry ass...

  • Beaune to open €10 million Cite du Vin in 2016

    July, 12, 2013
    (Decanter) - The city of Beaune is to open a new €10 million wine centre, called the Cite des Vins de Bourgogne, with building expected to start in 2016. At the same time, Dijon is planning a separate  Cité Internationale de la Gastronomie  to celebrate becoming one of...

  • US: Privatization Is Political Victim in Pennsylvania

    July, 12, 2013
    (Wines&Vines) - The drive to privatize liquor and wine in Pennsylvania made it all the way to the goal line but ultimately faltered and failed amid political wrangling. This March, Pennsylvania’s House of Representatives made history by passing a bill that would dismantle the state mon...

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