Wine consumption in Asia is growing at more than seven times the global average, according to new research a study commissioned by Vinexpo Asia Pacific.
Wine consumption in Asia is growing at more than seven times the global average, according to new research a study commissioned by Vinexpo Asia Pacific.
Demand for Burgundy continues to rise as, for the second consecutive year, sales are set to outstrip production. According to the Bureau Interprofessionnel des Vins de Bourgogne, total sales for 2006/7 increased by 4 per cent , following a 10 per cent increase the previous year. Producers marketed 208 million bottles, described as “a historic quantity” by the BIVB. That exceeds the relatively…
St Patrick’s Day (March 17) is a big deal in the US. College students who likely could not find Ireland on a map suddenly discover their roots in the Auld Sod. So it is not surprising that St Patrick’s day promotions begin well before Christmas. There are always the predictable gimmicks involving green beer, leprechauns and shamrocks but this year there are a…
Constellation Brands, the largest wine company in the world, has sold the Almaden and Inglenook Californian wine brands and the Paul Masson winery in Madera, California to The Wine Group for US$134 million cash. The Californian-based company says it wishes to focus on faster growing faster-growing, higher-margin wines and reduce its borrowings. “This transaction, when coupled with the recent acquisition of Clos du Bois, the…
The Racke Group has announced that it is re-align its business and move to new European headquarters in Mainz, following the takeover of Eggers & Franke. The purchase of the outstanding shares in the Bremen-based fine wine distributor from KWV, its long term partner with the Golden Kaan, South African wine brand, makes Racke one of the leading premium wine distributors in Europe. Managing director,…
Heaven Hill Distilleries, which claims to be the US’s largest independent, family-owned spirits supplier has formed a joint venture with Mexico’s Tierra de Agaves (TdA). The Kentucky-based company said the partnership involves joint ownership of the Lunazul and La Certeza Tequila brands. TdA will gain access to Heaven Hill’s global distribution and marketing expertise. Demand for premium spirits has grown strongly in several markets,…
The consortium of Carlsberg and Heineken has succeeded in its £7.8 million (US$15.3 billion) bid to buy the UK’s last national brewer, Scottish & Newcastle (S&N). The 800p a share bid was announced early on January 25. The deal means the Danish brewer gets all of the Baltic Beverage Holdings (BBH), which was a joint venture with S&N, plus Kronenbourg, the French lager brand and…
Up to 1,000 wine grape growers in Australia may disappear within a year due to low prices and water shortages, the country’s growers’ union has warned. Between 800 and 1,000 growers were under “immediate threat of financial failure”, said Mark McKenzie, executive director of Wine Grape Growers’ Australia. Growers in the Riverland area of South Australia, Murray Valley in Victoria and those in New South…
