Best Wine Stars, The Milanese Kermesse of Wines and Distillates, Will Be Back In May. The selections are open for the fourth edition of the wine tasting event which will be held from the 20th to the 22nd of May 2023 with many new features and important confirmations. After last year’s success, the fourth edition … Read more
Waitrose reports sales have doubled as larger bottles move into the mainstream
2012 wine sales in U.S. reached a new record of 360.1 million 9-liter cases with an estimated retail value of $34.6 billion,” according to wine industry consultant Jon Fredrikson of Gomberg, Fredrikson & Associates in Woodside. Of the total, almost two-thirds or 207.7 million cases of California wine account for a 58% share of U.S. wine … Read more
More than 12 Bordeaux chateaux – in various stages of acquisition by Chinese investors In and around French wine region Bordeaux, more than 12 chateaux are in various stages of acquisition by Chinese investors, according to the Bordeaux Chamber of Commerce (CCIB), which operates a China desk to assist would-be investors in the region. Chateau … Read more
Moët-Hennessy To Produce Red Wine In China, For China In response to growing consumer demand, luxury giants are investing in the China wine market Luxury giant LVMH announced that it has invested in a vineyard in the mountains of Yunnan province, southwest China, to develop its own 30 hectare vineyard. The project will produce red … Read more
Financial markets may have turned sour but well-heeled consumers, especially in Asia, are still thirsty for renowned top quality wines, such as Italy’s most expensive red Masseto, its makers say. Fine wines with prices starting at triple digits have become brands like top watches or cars, whose high quality and wide brand recognition give … Read more