FOSTER’S AND WINE . . . NOT A GOOD PAIRING
Foster’s ill-fated foray into the wine business is over. The company has spun off its wine division into a separate company called Treasury Wine Estates, prompting speculation that key brands, or the new company itself, might be up for sale. Treasury Wine Estates, will run a portfolio of brands including... Read More
THE FIRST IPAD WINE MAGAZINE
By the Grape is the first wine magazine worldwide built specially for the iPad. It is available for download and costs $ 3.99. Its premier international issue was devoted to Jancis Robinson, one of the world’s best-known wine writers. By the Grape is published by Derrick Neleman, founder of bythegrape.com.
OFF-PREMISE SALES GET A BIG BOOST
The overall economy may be slow to recover but the wine industry just got some good news. Off-premise wine sales data increased 1O% over the same four-week period last year, according to market research firm Symphony IRI Group. The unusually high spike in sales was partly due to Easter falling... Read More
SWINDLER’S WINES GO FOR BIG BUCKS
When it comes to auctioning off the belongings of notorious criminals, it’s safe to assume the public will pay top dollar for a piece of history. Bernie Madoff was a low-class thief but he had an impressive wine collection and bidders were all too eager snap up lots. Madoff’s eclectic... Read More
9O+ CELLARS’ STAR IS RISING
9O+ Cellars has achieved quite a coup d’état. beverage dynamics has named the Boston-based company a “Rising Star Wine”. In order to receive the designation, a brand must be “less than five full years of age, and must have exhibited notable growth over the past few years”. 9O+ Cellars came... Read More
AN OFFER THEY COULDN’T REFUSE
He was a man on a mission. Famed winemaker and director Francis Ford Coppola has acquired the iconic Inglenook trademark from The Wine Group. As such, his celebrated Rubicon Estate in Rutherford, Napa Valley will be known by its historic original name, Inglenook. Coppola has now fulfilled the promise he... Read More
GOOD, BAD AND UGLY . . . IT’S ALL THE SAME
Here’s some good news for wine drinkers’ wallets, bad news for wine makers. In a recent blind taste test conducted in England, volunteers were unable to distinguish between expensive and cheap wine. An expensive wine may well have a full body, a delicate nose and exceptional finish, but chances are,... Read More
THE AMAZING BUBBLE TAG
Counterfeiting wine is big business these days. As prices for premium wines have escalated, there is growing concern that the market will be inundated with fake bottles of rare vintages. In a bid to ward off counterfeiters, Château Margaux, maker of the Grand Cru Bordeaux wine of the same name,... Read More
BOGUS BOTTLES OF JACOB’S CREEK
It’s not just high end wines that are being counterfeited. Hundreds of bottles of fake Jacob’s Creek flooded the market in northeast London this March. Pernod Ricard, owner of Jacob’s Creek, launched an investigation after receiving numerous complaints from customers about the quality of the wine they had bought and... Read More
WORLD FAMOUS CHAMPAGNE HOUSE SOLD
Remy Cointreau’s Piper-Heidsieck and Charles Heidsieck Champagne have been bought by French company Societe Europeenne de Participations Industrielles (EPI). The deal is reported to be worth €4OO million (US $569 million). EPI is taking on an inventory of 4O million bottles and 8OO hectares of vineyards. EPI is the holding... Read More