The report noted flat or declining sales, high inventory levels, tough economic conditions, cost increases, falling global demand for wine, and supply chain destocking.
The report noted flat or declining sales, high inventory levels, tough economic conditions, cost increases, falling global demand for wine, and supply chain destocking.
Unpredictability in the weather is an ever-growing concern for many producers. In Drinks International’s Most Admired Champagne Brands 2024, Giles Fallowfield wrote in the harvest report, based on an interview with Charles Philipponnat: “As for how to deal with harvests like 2023 in future: ‘Reacting early and reducing the yield by thinning the number of bunches on each plant would have been a good…
Founder Philip Cox declared the expansion plan to further grow his family business and reach sales of 50 million bottles per year and €100 million turnover in the next three to five years. To achieve these targets, the company will start production of sparkling wines, along with a new winery, bottling facilities and warehousing. The new winery is an investment in Tenuta…
Wine Sapiens is the only wine encyclopaedia which took more than eight years of research and development and in addition to the already published English volumes 1–4, the remaining volumes 5–8 are scheduled to be published in the coming years. This support for the English edition stems from Juvé & Camps’ commitment to advancing gastronomy and sommelier practices for the cava category. Meritxell Juvé, CEO of…
Viña Concha y Toro gained B Corp status for the first time in 2021, becoming the first Chilean company listed on the stock exchange to obtain this certification. The production subsidiaries that were recertified are Concha y Toro (Chile), Viña Cono Sur (Chile) and Bodega Trivento (Argentina). Bonterra Organic Estates (United States) was recertified in 2021. This year the group scored 93.9 points in the…
Viña Concha y Toro’s general manager, Eduardo Guilisasti, said: “In the second quarter we continued to see a notable recovery in Viña Concha y Toro’s business, adding that it has now posted three consecutive quarters of year-on-year growth. “The measures adopted by the company since September 2022 to face the complex global situation of the industry are already showing positive results, and demonstrate the company’s…
Freixenet Brut Royal and Rosé Royal are made from Chardonnay and Colombard grapes in southwest France and after its initial launch in the UK, will roll out across Brazil in September. The new wines are available immediately in Tesco in the UK with RRP £13, and from September in Brazil with RRP R$110,00. Freixenet is one of the biggest producers of cava and its Spanish…
With 513,569 hectoliters bottled in July 2024, this represents a 12.6% increase compared to July 2023. The total for the first seven months of 2024 is 2,832,173 hectoliters, marking a 5.2% rise over the same period last year. “This record is proof that consumers continue to recognise Prosecco DOC as a product of excellence, appreciated for its freshness and vibrancy by people of all ages,”…
