Wine Industry News

April, 19, 2010 Bordeaux 2009: 'Slow start' to en primeur campaign

As the first Bordeaux 2009 prices begin to appear, trade buyers are complaining of a 'slow start' to the campaign. Mathieu Chardronnier, managing director of Bordeaux negociants CVBG, told decanter.com that despite a lack of prices, interest in the vintage was 'definitely as high as hoped.' 'It is ...

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April, 19, 2010 Drilling Concerns Near Finger Lakes Wineries

Economic boom for New York or environmental disaster?In the second half of the 20th century, the Finger Lakes wine region of New York became a tourist destination. Visitors come by the thousands to drive the winding country roads, look at the scenery—vineyards stretching down hillsides toward clea...

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April, 19, 2010 IRS proposes resolution to wine tax dispute

NORTH COAST — The IRS has proposed a resolution to a yearlong debate with accountants for more than two dozen North Coast wine companies caught in an audit sweep over common industry inventory valuation methods. Some of the options could call for the larger vintners to pay hundreds of thousands o...

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April, 19, 2010 Constellation to buy back shares

(Reuters) - Spirits and wine company Constellation Brands Inc (STZ.N) said on Monday it will pay $300 million to repurchase about 11 million shares in an accelerated repurchase deal through Goldman Sachs.The maker of Svedka vodka and Robert Mondavi wine will finance the repurchase using funds from i...

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April, 18, 2010 Colorado's Wine Industry Faces Uncertain Season

Colorado - Cold Winter Could Have Killed Half Of State's Grape Vines.Bruce Talbott strolled down the middle of one of his expansive fields on Orchard Mesa, outside of Palisade. Surrounding him on either side for acres were rows upon rows of Vitis Vinifera vines, or common grape vines.The vines showe...

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April, 18, 2010 Global wine lovers make own Bordeaux blends with top expert

France(AFP) - Not even airspace paralysed by volcanic ash could keep Do-It-Yourself wine enthusiasts from across the world from their first Bordeaux cru and a chance to blend with the palate behind the worlds most famous wines. Fifty-five intrepid DIY winemakers from 10 countries and three continen...

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April, 17, 2010 Christie's sells 'fake' vintage wine, claims billionaire

Allegations that Christie's auction house sold fake wine "over decades" have been made in a New York court.The complaint has been lodged by an American billionaire industrialist, William Koch, and is the latest salvo in a three-year battle that has embroiled Christie's and the leading British wine ...

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April, 17, 2010 Stimulus recipient files lawsuit over wine train story

An Alaska corporation that obtained a $54 million federal stimulus contract to relocate the Napa Valley Wine Train’s tracks is suing the Center for Investigative Reporting, contending it was defamed in a Jan. 31 California Watch story about the project.Suulutaaq Inc. and CEO Samuel Boyle filed th...

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