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  • Compulsory health warnings 'unlikely': WSTA

    September, 21, 2010
    UK - The government is unlikely to force the alcohol industry to put health warnings on its wine labels, an industry conference heard last week.Jeremy Beadles, chief executive of The Wine and Spirit Trade Association (WSTA), said nothing was confirmed but the government had ‘indicated’ it would...

  • No Wine Cellar? Sotheby's Opens Retail Wine Shop

    September, 21, 2010
    (Reuters) - Always wanted a wine cellar, but never had the room? Sotheby's auction house has a solution. It opened a retail wine shop.The store on the first floor of its New York building has what Sotheby's head of wines in the Americas and Asia Jamie Ritchie described as "a rather broad selection o...

  • Foster’s wine in the sights of US private equity businesses

    September, 20, 2010
    PRIVATE equity firms Kohlberg Kravis Roberts and TPG have held early talks about teaming up to bid for the wine unit of Australian brewer Foster’s.The pair are yet to decide whether to proceed either together or separately, according to reports in Australia.In 2007, KKR and TPG united to take Texa...

  • Our grog's not that cheap: Foster's shareholders

    September, 20, 2010
    PRIVATE equity firms circling Foster's Group may have to pay more than $3.5 billion for its wine business after some shareholders warned they would not support lower offers.The Australian Financial Review disclosed yesterday that private equity giants Kohlberg, Kravis & Roberts and TPG were consider...

  • Weather Pushes Back Oregon Wine Grape Harvest

    September, 20, 2010
    A cool spring followed by a summer with only a scattering of hot days has delayed the Oregon wine grape harvest by at least two weeks and possibly up to a month. Growers are trying different ways to speed up ripening before fall rains arrive, including pulling leaves to expose grapes to the sun. ...

  • Chinese billionaires turn to wine

    September, 20, 2010
    In addition to investing in stocks, real estate and antiques, Chinese billionaires are discovering a new source of big returns - the wine market. The yield rate from some famous French vintages during the first half of this year has exceeded 30 percent, far above any alternative.The price of histori...

  • New Jersey's wine market is aging well

    September, 19, 2010
    Winemaker Larry Sharrott 3d looked through a kaleidoscopelike instrument called a refractometer, measuring the sugar content of a just-pressed batch of chardonnay grapes. He liked what he saw. This summer's hot, dry weather has produced the best grape harvest in South Jersey in years, growers say...

  • Wine industry beating back harmful moth

    September, 18, 2010
    Napa Valley winegrape growers are discovering they can cope with the European grapevine moth. While the industry’s ultimate goal is to eradicate the pest within the next few years, major progress is being made in reducing the insect population in vineyards. Organic and non-organic spray trea...

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