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WINE BUSINESS MONTHLY
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Wine Industry News for Monday Oct 06, 2008
Get the latest developments in online seminars for wineries and retailers
Constellation Brands said on Thursday that it lost nearly $23 million in its fiscal second quarter as charges to reduce the size of its operations in Australia more than offset strong sales of vodka and high-end wines.
The loan market is essentially frozen right now, with the 3-month Libor rate at its highest level since early January. The rate, which reflects the price banks are paying to secure funding through the end of the year, has jumped in the past couple of weeks amid the pressure in the financial markets.
The Pinot Noir grape set its roots in Willamette more than 40 years ago, and it's flourished ever since. Is this region the next Napa?
The goal of the class is to create a Bordeaux-style blend from five varietals of red wine: Cabernet Sauvignon, Merlot, Cabernet Franc, Malbec and Petit Verdot. In the end, each participant gets to take home a 750-milliliter bottle of his or her personal blend.
United Spirits Ltd (USL), the spirits arm of the UB Group, is integrating two of its divisions-wines and spirits-to cut down on costs. As part of the process, the manpower of both the divisions will be integrated while the structural and financial structures will remain unchanged.
Drinking wine is becoming increasingly popular among young adults in Europe and overseas. A Vinexpo study shows that consumers between 20 and 25 are discovering wine as an attractive, sophisticated beverage, that is enjoyed at home and beyond. A quick look at the findings.
Wine Australia have launched the Landmark Australia Tutorial, a five-day residential course for international opinion-formers on the evolution of Australia's fine wines.
Visiting some of the area's 200 wineries gives the flavor of a region rich in cool-grape varieties such as Chardonnay, Pinot Noir and Pinot Gris.
Small-lot facility designed to replicate experiments for most accurate results
Niagara's wine industry is growing and it's time for the region's academic wine institute to grow with it. There are plans to expand Brock University's Cool Climate Oenology and Viticulture Institute, which opened in the fall of 1997.
School facility is meant to answer questions for the Northwest wine industry and test new growing techniques and new varieties of grapes.
Ukrainian grape loses its value for Ukrainian wine-makers. Large amounts of raw material will be imported to Ukraine after the decrease of the import duty, but Ukrainian produce is not able to compete due to lower quality and higher prices.
Premier Grand Cru vines grown in the Bordeaux region in France make the world's most expensive grapes, priced up to at an eye-watering €1.2m ($1.66m) per hectare.