Wine Industry News

  • US: Privately held wine companies snap up properties

    Even as the global economy has faltered in the past four years, a handful of privately owned wine companies have become active in acquiring wine operations, brands and vineyards. “The one consistent trend in the market has been the increased acquisition activity of privately held wine companies...
  • Singapore investors aim to uncork fine wine profits

    A growing number of Singaporeans have taken to investing in fine wine, lured by heady profits that can be as high as five times the initial investment cost. This is according to wine brokers, who say Singaporeans are among their most enthusiastic clients. Managing director of wine brokerage Au...
  • AUS: Wine grape growers taking steps to deter disease

    Wine grape growers are already thinking about how to tackle disease, five months out from harvest. At Tumbarumba in south-west NSW, growers are looking at trying to improve the health of the soils after a disastrous season with powdery mildew and botrytis. (buh-TRY-tuhs) Cathy Gairn, from the ...
  • US: Arizona's Verde Valley next mecca for wine aficionados?

    COTTONWOOD, AZ - The red rocks of Sedona drew Steph Houser from Bloomsburg, Pa., to the Verde Valley. Then a tip from a friend, a brochure and a little curiosity led her to a winery. Glass of white wine in hand, she strolled the grounds of Alcantara Vineyards , accompanied by her husband and mother...
  • Lafite-Rothschild 300-Bottle Collection Fetches $540,000

    A 300-bottle collection of Chateau Lafite-Rothschild, spanning every year from 1981 to 2005, fetched HK$4.2 million ($539,291) at the start of a two-day Hong Kong auction. The price, including fees, made it the most expensive single lot of wine auctioned this year, London-based auction house Christ...
  • B.C. wines under fire over prices

    Local wine is in the news this week, and surprise, surprise, the story isn’t all that positive. It seems consumers are balking at the price of B.C. wine in general and high-priced “trophy” wines are not moving at all. Local wine has had a good run for more than a decade, so in many ways it’s...
  • Saakashvili: 'Wine - Georgia's Passport in Civilized World'

    Speaking with government officials at a televised outdoor meeting in a vineyard in eastern Georgian region of Kakheti, President Saakashvili said that grape and wine was “a matter of identity” for Georgia, which was more than just agriculture. “[Grape] harvest is not an usual event,” he t...
  • US: Coolest Rail Cars Carry Wine

    Napa wines make tracks to East in cryogenic conversions.With shippers opting from all-truck to intermodal truck/rail transportation “at the fastest pace in years,” Memphis-based Cornerstone Systems recently leased 50 hyper-insulated freight cars dedicated specifically to the Napa Valley wine ind...

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