Wine Industry News

  • Slow wine sales hurt Constellation profits

    (Pressdemocrat) - Constellation Brands Inc. said Thursday its third-quarter profit slumped 25 percent on weaker wine and beer sales in North America, price hikes that hurt sales of two popular wine brands and stepped-up promotional costs. The results narrowly missed Wall Street estimates. Its sha...
  • Tennis Legend Andre Agassi Partners With Jacob’s Creek

    (Scoop) - In the exciting lead up to the 2012 Australian Open, Jacob’s Creek has partnered with international tennis legend, Andre Agassi, to inspire people to be ‘Open’. ‘Open’ celebrates the notion of sharing your emotions and staying true to yourself just as Jacob’s Creek has alway...
  • Muster's mission: Tennis star turns wine maker

    (CNN) -- Thomas Muster believes in reinvention, and he doesn't do things by half measures. The former "King of Clay" beat career-threatening injuries at the age of 21 to become Austria's first grand slam tennis champion and only world No. 1 player. But he shocked everyone by disappearing into early...
  • Lafite 2008 value halves as fine wine prices fall

    (Decanter) - According to the fine wine exchange Liv-ex, prices of the 100 top-traded wines, of which 95% are Bordeaux, fell by an average 22.5% between June and December last year. This was the most precipitous fall since the beginning of the recession nearly four years ago. In a shorter time peri...
  • US: Cotati company acquires International Wine Accessories

    (NBJ) - Cotati-based Sonoma Wine Accessories today announced it acquired the assets of International Wine Accessories, a catalog and online seller of glasses, chillers, bottle racks and other items, and part of the Santa Rosa-based Vintage Wine Estates portfolio. Terms of the sale, effective Tues...
  • AUS: Another vine mess for winemakers

    FOR many Australians who broke out the bubbly to ring in the new year, champagne was the tipple of choice. Of all the wine consumed in Australia, 15 per cent is imported -- and the famous French beverage, along with New Zealand sauvignon blanc and reds from France, make up much of the quota. ...
  • U-Freight Logistics to provide wine storage services in Hong Kong

    (MB) - The Hong Kong Quality Assurance Agency (HKQAA) has approved U-Freight Logistics' facilities in Hong Kong that would provide commercial wine storage services after a detailed examination and on-site audit. HKQAA has partnered with the industry to develop the HKQAA Wine Storage Management Sy...

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