Wine Industry News

June, 18, 2019 FRENCH TYCOON BUYS SOTHEBY’S FOR US$3.7BN

(TDB) - Franco-Israeli media tycoon and art collector Patrick Drahi has acquired auction house Sotheby’s for US$3.7 billion it has been announced. The move returns Sotheby’s, which is one of the world’s leading fine wine and spirits auctioneers, to private hands after 31 years ...

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June, 17, 2019 Why wine is being rebranded as the hot new health drink

(SonomaNews) - Can wine be rebranded as a health drink? In a bid to win over millennials, some wine industry creatives are giving it a shot. The millennials are simply not drinking their fair share of wine, according to Rob McMillan, the founder of Silicon Valley Bank’s (SVB) Wine Division...

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June, 17, 2019 Non-alcoholic 'wine water' now available in the US

(ABCNews) - Water that tastes like  wine is now available  in the U.S. O.Vine tastes like wine but is completely  non-alcoholic .  Wine Water Ltd., an Israeli company, first launched O.Vine in 2018 at the Summer Fancy Food Show in  New York City . O.Vine "is a natu...

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June, 09, 2019 Uncovering the Magic of Old Vines

(Wine-Searcher) - "Old vines" is, at first glance, an easy to understand selling point for wine buyers. Tom Jarvis digs deeper. The term "old vines" – or Alte Reben (German), Vieilles Vignes (French), Viñas Viejas (Spanish) and Vinhas Velhas (Portuguese) – appea...

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June, 09, 2019 The Wine Country Tasting Room Is Dead. But Long Live Wine Country

(Fortune) - Forget standing at a tasting bar. A trip to California’s wine country today means comedy shows, art museums, cabanas at pool parties, and interactive dinners—all with a glass in hand. “People are no longer willing to just come into a tasting room, pay their tasting ...

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June, 04, 2019 How Much Americans Spend On Wine, What They Buy, In What Container— And More

(Forbes) - According to the latest  Wine Vines Analytics/Nielsen  stats, from March 2018-March 2019 American consumers spent $14.4 billion on wine through, “grocery, drug, mass merchandisers, convenience, dollar, military, as well as a selection of warehouse clubs, and liquor channe...

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June, 04, 2019 Lawsuit Casts Doubt on Cult Producer's Financials

(Wine-Searcher) - One of Napa's biggest names, Bryant Family Vineyards, has become embroiled in a potentially damaging court case. One of Napa's cult wine producers is in dire financial straits according to a case filed in federal court by a financial consultant claiming $400,000 in compensat...

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June, 02, 2019 The World's Most Wanted Wines – Ever

(Wine-Searcher) - We reveal this year's most searched-for wines and the most popular across Wine-Searcher's 20-year history. Well, we come to the end of our series on the world's most wanted wines and the problem at the end is the same as it was at the start – the sheer persistence of...

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