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| New Zealand, January 27th 2012 |
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Pernod Ricard suffers $99m hit on asset sales
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From The New Zealand Herald
French liquor company Pernod Ricard has taken a NZ$99.1m loss on the sale of assets by its New Zealand business while a dispute with the Inland Revenue Department sits in its accounts as a potential NZ$87.4m future loss. |
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| January 26th 2012 |
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Vitriol Flies Over Natural Wines
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By Eric Asimov at The New York Times
Robert M. Parker Jr, the powerful wine critic, called it “one of the major scams being foisted on wine consumers.” He's only one of many critical voices weighing in on the topic of 'natural wines'. |
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| USA, January 25th 2012 |
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Paul Dolan departs Mendocino Wine Co
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By Cathy Bussewitz at the Press Democrat
Sheriff's deputies were sent last week to intervene in a dispute between the partners of Mendocino Wine Co. connected to the departure of co-owner Paul Dolan, who helped pioneer the spread of organic winemaking in California. |
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| January 25th 2012 |
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New Asian buyers thirst for new wine tastes
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By Andy Ho and Cathy Yang from Reuters
The bubble may have burst in the Bordeaux market, but new Asian collectors are seeking diversity and in some cases even choosing second growth Bordeaux for value.
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| USA, January 25th 2012 |
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US headed for a supply shortage
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By Mary-Colleen Tinney at Wine Business
Backed by excess inventory and deep discounting, 2011 was called a “dream market” for wine consumers at the annual State of the Industry address at the Unified Wine & Grape Symposium. However, with winery inventories now in balance and several years of limited vineyard development, the wine industry is predicted to be headed into a shortage of supply. |
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| USA, January 24th 2012 |
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Good Company Wines Acquires Cellar Thief
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By Cathy Bussewitz at The Press Democrat
Good Company Wines, the parent company of members-only wine sales website Invino.com, acquired San Diego-based Internet retailer CellarThief.com on Friday. Financial terms were not disclosed. |
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| Australia, January 24th 2012 |
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Australians sobered by rise of imports
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By Ben Butler and David Fickling
The strong Australian dollar, coupled with the aggressive tactics of supermarket giants Coles and Woolworths, has caused a plunge in the price of European wine.
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| Australia, January 24th 2012 |
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Casella finds high dollar unpalatable
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From Stock & Land
Australia's biggest wine exporter, Casella Wines, is looking at ways to raise prices across its highly successful Yellow Tail label as the high local dollar eats into its profit in its largest market, the US. |
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| USA, January 23rd 2012 |
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Starbucks expanding wine and beer sales
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By Lisa Baertlein at Reuters
The world's biggest coffee chain plans to sell beer and wine in as many as 12 cafes in Atlanta and Southern California by the end of the year, as it expands beyond its well-known coffee. |
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| USA, January 23rd 2012 |
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US fights rise of Hong Kong auctions
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by Elin McCoy at Bloomberg.com
Hong Kong auctions have been sucking attention and wines away from the U.S. As prices skyrocketed there, the best Bordeaux, followed by Burgundy, were often offered in Hong Kong instead of New York.
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