Foster’s Group Limited (”Foster’s”) today agreed the sale of Cellarmaster Wines and Vinpac International in Australia, Cardmember Wines and Carters in New Zealand and its investment in Wine Buzz in Japan to funds managed or advised by Archer Capital Pty Ltd (”Archer”, an Australian private equity firm).
Continue reading ‘Fosters: Wine Clubs and Services Sale’
Archive for April, 2007
The New York Times and The International Herald Tribune publish two articles underlining the quality of wines made under the appellation
Continue reading ‘Two leading US papers praise evolution of Navarre wines’
The Sunday Life believes positive changes are affecting both reds and whites
Continue reading ‘Northern Irish press hails a revolution in the Spanish wine industry’
* Solid Profit Growth in Spirits & Wine Tempers Impact of Lower
Home Products Results;
* Company Expects Progressive Improvement in Results Following
Most Challenging Quarter of 2007, Reaffirms Full-Year Earnings Target
Continue reading ‘Fortune Brands reports first quarter results’
Vranken-Pommery Monopole, a major champagne group, has released its business review for the first three months of 2007.
Continue reading ‘Vranken-Pommery Monopole: First-quarter 2007 revenue up 2.6%’
Sales of cognac to America fell by 15.4% in the twelve months to March, by 10.6% in Europe and by 28% in France. On the other hand, sales in Asia rose by 42.9%. The fall is 2.8% on a worldwide scale.
Continue reading ‘Chill wind blows over cognac’
Elmari Swart & Izak Smit’s The Essential Guide to South African Wines – Terroir & Travel (Cheviot Publishing ZAR 195.00) received the Gourmand “World’s Best Book on New World Wines” Award at the annual Gourmand World Cookbook Awards held in Beijing, China.
Continue reading ‘A ‘World Best’ wine book from South Africa’
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury group, achieved revenue of 3.8 billion euros in the first quarter of 2007. Organic* revenue increased by 13% compared to the same period in 2006, which also enjoyed strong growth.
Continue reading ‘LVMH: Strong revenue growth in the first quarter of 2007′
The United States Trade Representative concluded historic Free Trade Agreement negotiations with Korea on April 1, 2007, which will result in eventual elimination of tariffs and other barriers to trade in most goods and services. Wine and more than half (or $1.5 billion) of current U.S. farm exports to Korea will become duty-free immediately upon ratification by both countries. The agreement now goes to the U.S. Congress for approval and the President’s signature.
Commission Regulation (EC) No 389/2007 of 11 April 2007 amending Regulation (EC) No 1622/2000 laying down certain detailed rules for implementing Regulation (EC) No 1493/1999 on the common organisation of the market in wine and establishing a Community code of oenological practices and processes
Continue reading ‘Commission Regulation (EC) No 389/2007 on the common organisation of the market in wine and establishing a Community code of oenological practices and processes’
O’Brien Cellars announced the launch of Wine for Hope, an online wine retail store designed to help raise funds for Academy of Friends, an organization dedicated to raising funds granted to a diverse set of HIV/AIDS direct care and prevention education agencies in the San Francisco Bay Area. Wine for Hope automatically donates 20% of all sales to Academy of Friends.
The 2007 Australian winegrape harvest is all but complete with a harvest of 1.34 million tonnes expected, the smallest since 2000, according to the April Harvest Update released today by the Australian Wine and Brandy Corporation.
First Venture Technologies Corp. (TSX-V: FEB) reports that The World Health Organization’s International Agency for Research on Cancer (”IARC”) has reclassified ethyl carbamate (urethane) and is now including it as a Group 2A carcinogen - probably carcinogenic to humans. Contaminants similarly classified as Group 2A carcinogens include acrylamide (found in many snack foods), anabolic steroids, PCB’s, diesel engine exhaust, lead-based compounds like arsenic and mercury, and nitrogen mustard
(mustard gas). Ethyl carbamate had previously been listed as a 2B - possible carcinogen to humans.
Continue reading ‘International agency for research on cancer increases concern and reclassifies Ethyl Carbamate as Group 2A Carcinogen’
Snows Lake Vineyard, a premier vineyard in the Red Hills Lake County AVA, announced it has released a limited bottling of two wines under its own label: 2004 Snows Lake One, a Cabernet Sauvignon; and 2004 Snows Lake Two, a Cabernet Sauvignon and Cabernet Franc blend. Total
production of these wines is under 250 cases each.
Continue reading ‘Snows Lake Vineyard releases wine under own label’
Australia’s wine industry has urged Victoria to join in the national
approach for the long term management of the Murray Darling Basin as it
braces for the potential worst case scenario of zero allocations to
irrigators within months.
Continue reading ‘Record dry shows why Victoria must join national solution on Murray’
First Venture Technologies Corp. (TSX-V:FEB) reports that the company’s proprietary
yeasts are being trialed by the Canadian wine industry.
Continue reading ‘First Venture reports product trials in Canada’
VinOak USA, an autonomous division of Cork Supply USA, is launching a premium line of oak barrels and oak alternative products for the North American wine industry.
Continue reading ‘VinOak USA launches operations in the United States’
Punch Taverns Invests in Matthew Clark, the U.K.’s Leading Drinks Wholesaler and Distributor to the On-Trade Industry; Constellation Updates Fiscal 2008 Guidance
Continue reading ‘Constellation Brands announces U.K. joint venture for Matthew Clark wholesale business’
In the twelve months ended 31 March 2007, Rémy Cointreau’s turnover was €785.4 million.
Organic growth was 3.7%.
Continue reading ‘Rémy Cointreau: turnover for 12 months April-March 2007′
Christie’s Wine Sales Calendar
April – December 2007
Continue reading ‘Christie’s Int’l Wine Sale Calendar’
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