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  • FRANCE: Muscadet wine crisis descends into vandalism

    October, 26, 2010
    Vandals have laid waste to hundreds of thousands of litres of Muscadet wine as the French region faces one of the toughest periods in its recent history. Nine vats of Muscadet have been deliberately emptied at a production plant run by the Caves de la Nantaise co-operative in Le Pallet, near Nantes,...

  • Lafite '08 bottles to feature Chinese symbol

    October, 26, 2010
    Chateau Lafite Rothschild's 2008 bottle is to feature the Chinese symbol for the figure eight in celebration of the First Growth's new vineyard venture in China. The symbol, which is considered especially lucky in China, will be on every bottle and magnum of Lafite 2008. A spokesperson for Lafite...

  • LVMH Hermes stake fuels Diageo sale rumours

    October, 26, 2010
    Rumours that UK drinks colossus Diageo might buy Moët Hennessy have been reignited after parent company LVMH took a stake in luxury goods business Hermès. Speculation has resurfaced that the French company could look to offload its €12bn drinks division – which has brands including Moët, Krug...

  • 60 growers file for bankruptcy amid Muscadet 'meltdown'

    October, 26, 2010
    Up to one-third of Muscadet's wine growers are facing financial ruin thanks to a 'meltdown' in export markets amid unsustainable pricing levels.According to Loire Valley wine broker Charles Sydney, around 60 Muscadet vignerons have filed for bankruptcy since this year’s harvest. A total of 150-...

  • Foster's: no further talks with private equity on wine unit

    October, 25, 2010
    (Reuters) - Australian brewer Foster's (FGL.AX) has held no further discussions with the private equity suitor that made an up to $2.5 billion offer for its wine business in September, Chairman David Crawford told reporters on Tuesday. Crawford added there have been no talks about the wine busine...

  • Iowa Wine Industry is Growing

    October, 25, 2010
    From 13 wineries and just two vineyards a decade ago, to more than 85 state-licensed wineries and more than 413 vineyards covering more than 1,200 acres this year, the Iowa wine industry is growing quickly, due, in part, to the help of Iowa State University. There are vineyards in 95 counties and...

  • Olympic ski champion Bode Miller sees future as a wine-maker

    October, 25, 2010
    (Reuters) - Olympic ski champion Bode Miller, who once confessed to racing with a hangover, is now thinking of a future steeped in the business of drinking. The larger-than-life American has no immediate thoughts of quitting top level alpine racing -- he is having too much fun -- but said he planned...

  • Chile wine sales toast miners' rescue

    October, 25, 2010
    UK - Tesco has seen Chilean wine sales spike 325% on the previous year as scenes of jubilation at the miners rescue inspired a thirst for Chilean wine in consumers. The trend was repeated across the trade, both in independents and larger retailers. Nick Room, Waitrose's Chilean wine buyer said: "Chi...

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