Wine Industry News

December, 15, 2019 California Rejects State's Largest Utility's Bankruptcy Plan

(NPR) - California Gov. Gavin Newsom rejected a bankruptcy restructuring plan by the state's largest utility, saying it "falls woefully short" of safety standards mandated under state law. The governor's criticisms come a week after Pacific Gas and Electric announced a multibillion-dollar s...

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December, 11, 2019 Fine wine prices fall as Bordeaux and Burgundy weaken, says Liv-ex

(Decanter) - Optimism has given way to foreboding on the fine wine market as a new report shows falling prices for top Burgundy and Bordeaux in 2019. New figures from Liv-ex show declines of between 3% and 7% across several indices tracking prices of top Burgundy and Bordeaux in the first 1...

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December, 11, 2019 Constellation exec named Canopy CEO as takeover odds grow

(NBBJ) - Canopy Growth Corp., the world’s most valuable cannabis company, has appointed Constellation Brands Inc.’s finance head as its chief executive officer, raising the odds that the alcohol giant will buy Canopy outright. David Klein, currently chief financial officer of Co...

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December, 11, 2019 Tariff Hikes Could Hit All EU Wines

(Wine-Searcher) - The gloves are coming off in the trade war, as more European wines face the 100-percent tariff.   The ugly trade war between the United States and the European Union looks like worsening, after US trade authorities suggested increasing tariffs and broadening their scope...

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December, 11, 2019 Natural Wine is Having a Moment

(Barrons) - At LaLou, in Brooklyn’s trendier-by-the-minute neighborhood of Prospect Heights, the crowd is buzzing on a rainy evening in the middle of a fall week, filling the cheery 50-seat restaurant and sampling among 16 mostly natural wines offered by the glass at the restaurant’s sl...

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December, 11, 2019 Napa County Board of Supervisors to Review Planning Commission Vote in Bremer Case

(WB) - The Napa County Board of Supervisors is expected to review a vote by the Planning Commission to allow a winery the right to maintain rocks walls and other structures built years ago too close to a creek that runs through its property. The Napa County Planning Commission on Oct. 16 d...

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December, 10, 2019 Adverse weather causes global wine production to decline by 11% in 2019

(Vinex) - Global wine production will slump this year due to poor weather conditions, particularly in the three key wine producing countries of Spain, Italy and France which between them account for more than 80% of the EU’s output.   According to the  International Organisation ...

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December, 09, 2019 Kunde, Vintage Wine Estates sue insurance carriers for $19 million

(SonomaNews) - Seeking compensation from its insurance carriers for smoke-tainted wine damaged by smoke in the October, 2017 fires, Kunde Enterprises and Vintage Wine Estates filed a $19 million lawsuit in Sonoma County this fall, and will go before a court in January, according to court docum...

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