Wine news with associated podcasts…
UST Inc. (NYSE: UST) recently reported stronger than anticipated results for the fourth quarter and year 2006 primarily driven by continued improvement in premium moist smokeless tobacco net unit volume, record sales and operating profit for the Company’s wine operations, cost and spending favorability and the reversal of income tax accruals.
Continue reading ‘UST reports stronger than anticipated results for the year 2006′
Commission Regulation (EC) No 44/2007
of 18 January 2007
on the issuing of export licences for wine-sector products
THE COMMISSION OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Community,
Having regard to Commission Regulation (EC) No 883/2001 of 24 April 2001, laying down detailed rules for implementing Council Regulation (EC) No 1493/1999 as regards trade with third countries in products in the wine sector [1], and in particular Article 7 and Article 9(3) thereof,
The Alcohol and Tobacco Tax and Trade Bureau (TTB) issued a
notice of proposed rulemaking in the Federal Register proposing to establish the Paso Robles Westside viticultural area in San Luis Obispo County, California.
Continue reading ‘Proposal to establish Paso Robles Westside Viticultural Area’
The EU’s food agency recently set a maximum limit for human daily intakes of bisphenol A (BPA), a chemical implicated as a potential carcinogen and widely used in plastic food packaging and cans. The resins are also used as coatings for water storage tanks and wine vats.
Continue reading ‘EU agency sets maximum limit for bisphenol A’
The consolidated financial information has been prepared on the basis of IFRSs, as adopted by the European Union.
In the first nine months of 2006, the Group Baron de Ley has reached a consolidated net sales of €56,173k — a 5.2% increase over 2005 figures for the same period.
-> 1st Half Year organic growth*: +9.7%
-> Outstanding Q2 organic growth: +12.4%
-> Upward revision of full-year sales organic growth: in excess of +6%
Continue reading ‘Pernod Ricard: 2006/2007 interim net sales: € 3,507 million’
For the 14th year running, the Millesime Bio international tasting of organic wines took place in Narbonne, France, on 15, 16 and 17 January 2007. Organised by the Inter-Professional Association of Organic Wines from Languedoc-Roussillon (AIVB-LR), this year’s fair saw a ten percent increase in the number of visitors, including a 33% growth in the number of wine buyers.
Continue reading ‘The Millesime Bio annual tasting of organic wines sees audience grow by 10%’
With 116 Prädikat Wine Estates on hand, the VDP stand 4E15 at the ProWein trade fair from 18 to 20 March in Düsseldorf once again promises to be a major attraction of the fair. ProWein, International Trade Fair for Wines and Spirits, as well as the VDP’s own trade fair, the Weinbörse in Mainz a month later, are the keys to the sales markets of the world – the former is not far from, and the latter in the heart of, German wine country.
Continue reading ‘The Prädikat Wine Estates at ProWein 2007 in Düsseldorf’
Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), a leading international producer and marketer of beverage alcohol products, has announced the appointment of Jon Moramarco to the newly created position of chief executive officer for Constellation International. Reporting to Moramarco will be Hardy Wine Company and Constellation Wines International, with their headquarters at Reynella, Australia; Nobilo Wine Group, headquartered at Auckland, New Zealand; as well as Constellation Europe, with its headquarters at Guildford, England.
Companies Partner to Encourage Culinary Adventure
Houghton Winery announced the launch of “Food and Wine Celebrated”, an innovative consumer promotion focused on the adventurous, inquisitive food and wine lover. Beginning in February, diners who order a glass or bottle of Houghton from select Zagat-rated restaurants throughout the country will receive a CD-ROM featuring 100 Zagat-rated restaurants. “Food and Wine Celebrated” continues through September 2007.
Continue reading ‘Houghton offers diners Zagat Survey CD-Rom’
In connection with its proposed acquisition of 43% of the equity of Sichuan Chengdu Quanxing Group Co., Ltd., Diageo Highlands Holding B.V. has made a formal announcement regarding the terms of the agreement to the Shanghai Stock Exchange on 27 January 2007. Diageo plc accordingly makes the following announcement to the London Stock Exchange:
Continue reading ‘Diageo confirms equity acquisition in Chinese business’
— Company Achieves 4th Quarter and Full-Year Growth Goals,
Fueled by Share Gains and Success of Spirits & Wine
Acquisition
— Jim Beam, Maker’s Mark, Courvoisier, Titleist and FootJoy Help
Drive 22nd Consecutive Quarter of Double-Digit Growth in EPS
Before Charges/Gains
— Company Exceeds Free Cash Flow Target for 2006
Continue reading ‘Fortune Brands reports record fourth quarter and full year results’
New “system strategy” to include award winners in international Vinitaly events.
Vranken-Pommery Monopole, a major player of Champagne, rosé wines (Vins des Sables and Vins de Provence) and port wines, today announced its revenue figures for 2006.
Continue reading ‘Vranken-Pommery Monopole 2006 revenue up 9.1% — Champagne revenue up 10.0%’
Not everyone jostling for space on the UK wine market is going to survive over the next five years, but those who do are set to become some of the industry’s biggest earners.
Consumers in Britain will spend more on wine than any of their European counterparts by 2010, when retail sales are expected to push the £5.5bn mark, a report by VINEXPO and IWSR says.
Continue reading ‘UK wine boom turns sour’
An own-initiative report by Katerina Batzeli (PES, EL) adopted yesterday in the Agriculture Committee argues for a managed reform of the Common Market Organisation (CMO) in wine. It comes out in favour of maintaining distillation measures in the short-term, giving Member States the power to restrict grubbing-up by vintners, and allowing only a gradual liberalisation of planting rights. The report also argues for strict labelling rules and maintaining current regulations on acceptable winemaking practices.
Continue reading ‘AGRI Committee takes cautious approach to reforming the wine sector’
Commission Regulation (EC) No 2030/2006 of 21 December 2006 amending Regulations (EC) No 1607/2000, (EC) No 1622/2000 and (EC) No 2729/2000 concerning the wine sector by reason of the accession of Bulgaria and Romania to the European Union
The Source On-Premise Beverage Decision Makers Rely On
The United States wine, grape and grape products industries contribute more than $162 billion annually to the American economy, according to a comprehensive study by MKF Research LLC of Napa Valley unveiled on Capitol Hill by the Congressional Wine Caucus on January 17. The Congressional Wine Caucus is a bipartisan, bicameral coalition of U.S. Representatives and Senators with an interest in the grape and wine industry, and currently includes 182 members.
Continue reading ‘U.S. wine, grapes and grape products contribute $162 billion to economy’
The Australian Wine and Brandy Corporation has welcomed the signing of the World Wine Trade Group’s Agreement on Requirements for Wine Labelling, which has the potential to save Australian producers tens of millions of dollars a year.
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