June, 27, 2013 Truett Hurst Goes Public at Reduced Value

(Wines&Vines) - Truett Hurst Inc. wine company sold 2.7 million shares of its Class A common stock to the public at $6 per share June 20, then saw the stock price dip as low as $5.30 before settling around $5.80. The stock is traded on the Nasdaq Capital Market under the symbol “THST.&...

June, 27, 2013 Canada adds icy weather to icewine rules

(Reuters) - Canada is tightening the rules for producing its popular icewine, a sweet dessert wine that is only made in cold climates, to crack down on fraudsters who sell mislabeled bottles that don't make the grade.  In regulations published this week, the Canadian government said any bot...

June, 27, 2013 Portugal: Fladgate buys Wiese & Krohn

(Decanter) - The Fladgate Partnership, the owner of Taylor's Port, has continued the trend of consolidation in the industry by buying tawny specialist Wiese & Krohn. The deal includes the company’s brand, stocks and vineyard holdings, including what Fladgate described as ‘exc...

June, 27, 2013 UK: Ramsay and Beckham to open a restaurant in Borough Market

(TheDrinksBusiness) - Tempestuous chef Gordon Ramsay and retired footballer David Beckham are to open a restaurant together in a converted warehouse in London’s Borough Market. Named the Union Street Café, the joint venture, funded by Beckham, is set to open this September. &ldqu...

June, 27, 2013 India: Domestic wine industry jittery over EU demand to reduce import duty

(TimesOfIndia) - The demand made by the European Union (EU) to reduce import duty levied on European wine by the Indian government is sending jitters through the domestic wine industry. The Indian Grape Processing Board (IGPB) fears a cut in the duty would harm the domestic industry.  Follo...

June, 27, 2013 How wine counterfeiting impacts everyone

(FoxNews) - Counterfeit wine is becoming a big, expensive issue in the wine world.  Most recently a federal jury in New York handed a legal victory to U.S. billionaire William Koch, the founder of Oxbow Group energy company.  He was awarded $380,000 to cover the cost of the wine, plus ...

June, 26, 2013 France: World’s first cola-flavoured wine launched

(TheDrinksBusiness) - French wine company Haussmann Famille has launched the world’s first cola-flavoured wine onto the market. Named Rouge Sucette (meaning red lollipop in French), the 9% abv wine, designed to be served chilled, is made from 75% grapes and 25% water, sugar and cola flav...

June, 26, 2013 Nine out of 10 wine 'experts' fail to spot the same bottle being served multiple times

(DailyMail) - With their snooty mannerisms and pompous long-winded descriptions, wine snobs have long been regarded as tedious, insufferable bores. And now what many have suspected all along has finally been confirmed; most of them are faking it too. A U.S. study, which used judges at the Cal...