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  • Constellation Brands completes $300M buyback

    December, 01, 2010
    Constellation Brands Inc. has completed a $300 million accelerated stock buyback, the wine, beer and spirits company said Wednesday.Constellation, whose brands include Robert Mondavi and Ravenswood, anticipates the buyback will add about 9 cents per share to its fiscal 2011 earnings.In April Constel...

  • Glaxo Ends Study Of 'Red-Wine' Drug; No More Studies Planned

    December, 01, 2010
    GlaxoSmithKline PLC formally terminated a clinical trial of an experimental drug designed to harness the potential health benefits of red wine, saying it had minimal efficacy in cancer patients and could potentially exacerbate kidney complications. The U.K. drug maker also reiterated that it isn'...

  • China starts residents relocation to protect "national liquor"

    December, 01, 2010
    However, a worsening environment could pose a severe threat to the sustainable development of Kweichow Moutai, he noted. Kweichow Moutai Co..Ltd., the liquor producer, announced that over the next five years it would increase its annual production of base liquor by 20,000 tons, which is almost 87 p...

  • Vineyard Strikes a Balance

    December, 01, 2010
    Chimney Rock Estates harnesses vigorous vines naturally.Doug Fletcher harvested grapes for legendary winemaker Martin Ray four decades ago. “He taught me to challenge long-held beliefs, yet trust what I’d learned about the scientific method,” says Fletcher, VP of winemaking for the Terlato Win...

  • Tech for Vineyard Development

    December, 01, 2010
    Success in real estate depends on location, and that’s as true for vineyard properties as for any other kind. But the variation possible within even any one viticultural area means location plays a far more complex role than many people imagine—and that’s setting aside any debate about the nat...

  • ON WINE: Money goes where wine flows in every state

    November, 30, 2010
    Cliché: best way to make small fortune with winery is to begin with a large fortune. That has not deterred individuals and governments from chasing vineyard visions. It can take a decade for vineyard and winery to achieve consistency and 25 years to achieve consistent success. Up-front expenses ...

  • Chinese buyers pushing up wine prices: analysis

    November, 30, 2010
    The choice of a Chinese artist for the 2008 Mouton-Rothschild vintage is a shrewd piece of marketing that reflects the increasingly obvious power of China's new super-rich in the international wine industry. Although most ordinary Chinese drink beer or their favoured fiery white spirit, 'baijiu', th...

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