Wine Industry News

  • GLOBAL: World wine sector improving - Rabobank

    There are signs that the pricing rot on the world wine market is slowing, according to analysts at Rabobank. Prices are falling less steeply and have begun to rise for some producers in the world's major wine producing nations, Rabobank said in its quarterly wine sector review. It said that a bet...
  • Wine Discounting Is Not the Problem

    Santa Rosa, Calif.—A luxury-goods marketing expert told winery marketers Wednesday that while they may see discounting as the bane of their existence, “discounting is not really the problem, but a symptom of the problem.” Pam Danziger is president of Unity Marketing, based in Pennsylvania, ...
  • Asia's wealth brings a new swirl to wine sales

    (HONG KONG) British composer Andrew Lloyd Webber's multi-million dollar wine collection goes under the hammer in Hong Kong this weekend, underlining the eastward shift in the global wine and luxury markets.After realising he couldn't drink his vast wine collection himself, the Cats and Phantom of th...
  • Desnobbing wine

    David Kesmodel reports that US consumers finally seem to be waking up to the fact that there’s no correlation between price and quality when it comes to wine: The economic downturn was toughest for the U.S. wineries that sell wines for $20 a bottle and up. After switching to less-expensive wines ...
  • DeBonis replaced as CEO at Ascentia Wine Estates

    Jim DeBonis, the founder of Ascentia Wine Estates, has been replaced as chief executive officer in the latest shakeup of the troubled Healdsburg wine company. Michael Kenton, former president and CEO of Artesa Winery in Napa, has been named chief executive of Ascentia, the company announced Wednesda...
  • AUS: Drinkers Down Under switching from beer to wine

    (Reuters) - The iconic image of an Australian with a long cool beer in hand may not hold true forever, with statistics showing Australians are drinking less beer these days than at any time in the past 61 years. In a report titled "No Longer a Nation of Beer Drinkers," the Australian Bureau of St...
  • UK: Government plans to sell off wine

    Some of the UK government's finest wines, including first growth Bordeaux, vintage Champagne and white Burgundy, could be sold off to reduce the number of bottles kept for official dinners and receptions. A review by the Foreign Office is predicted to recommend a reduction in the size of the cellar....
  • Venomous cobras bottled to make wine

    A village in Vietnam is producing snake and scorpion wine and shipping it worldwide. The venomous cobra snake is used to make the snake wine. This picture shows how the snake is preserved to have its poison dissolve in the rice wine. Because snake venoms are protein-based, they are inactivated by...

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