Groundwater Regulation, Higher Grape Prices and Share Loss Tip of Mind for Winer
FILED AUGUST 28, 2015 The Wine Financial Symposium isn't until next month, but the group has revealed a sneak peek of information collected from its 2015 industry trends survey. The highlight of the survey results is that wineries are more optimistic about their profitability than they were last year. Read More
Absolut Drags Pernod's Full-Year Results
FILED AUGUST 27, 2015 Pernod Ricard finished out a tough year in June, revealing that global net profit dropped 15% to $973 million. Sales in the US were flat as growth from its smaller brands could not offset losses from Absolut. Read More
Amazon Exec Provides Insight on Alcohol Strategies
FILED AUGUST 26, 2015 This week, Forbes released a timely series of articles on Amazon Wine that culminated in an interview with company executive Steve Johnson. The series touches on pricing, how to succeed in the Amazon marketplace and the retailer's site analytics. But one of the most interesting segment of the interview was when Steve was asked: "How do you see Amazon's market position relative to the three-tier system of alcohol distribution in the US?" Read More
Alert: Gallo Makes a Move in Santa Lucia Highlands with Talbott Purchase
FILED AUGUST 26, 2015 Gallo has announced yet another acquisition this year. This time it's Talbott Vineyards in the Santa Lucia Highlands AVA. Talbott was founded by Robb Talbott in 1982 and like many of the other wineries in the region has come to be known for its chardonnay and pinot noir. The sale includes the Talbott brand, the winery located 21 miles south of Monterey Bay, the tasting room in Carmel Valley, and the 525-acre Sleepy Hollow Vineyard, which Talbott purchased in 1994. Read More
Ag Panel Finalizes Proposal to Address Napa Valley Development
FILED AUGUST 25, 2015 You may recall, the Napa County Agricultural Protection Advisory Committee has been working on a plan to decrease traffic and excessive development in the fast-growing region. Last week, those plans were momentarily derailed when the Napa Valley Vintners (NVV) pulled their support due to concerns that these new limitations would retroactively impact existing wineries [see WSD 08-12-2015]. Read More
Prosecco Drives Sparking Growth, but What's Driving Prosecco?
FILED AUGUST 24, 2015 Earlier this month, WSD briefly touched on Prosecco's continual climb to the top of the sparkling wine heap [see WSD 08-06-2015]. Following that article, Nielsen has provided a bit more context into the category deemed the "most significant driver" of sparkling wine growth. Read More
Wine Institute Opposes FET Bill with "Relatively Little Benefit" for Wineries
FILED AUGUST 21, 2015 The Wine Institute has come out in opposition to The Craft Beverage Modernization and Tax Reform act of 2015 proposed by Senator Wyden from Oregon. In a letter to Congress, WI chief Bobby Koch explained that the trade group feels the bill is well intentioned, but "fails to provide meaningful support for the nearly 8,000 wine producers spread across all fifty states." Read More
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