Wine Industry News

November, 26, 2018 Jefford on Monday: Ontario’s wild ride

(Decanter) - Human beings love to simplify. All simplifications, though, are fallible; they sacrifice nuance on the altar of clarity. A recent visit to the vineyards of Canada’s Ontario, back in early October, made this point several times over. Winemaking in Ontario is considered (for exa...

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November, 26, 2018 The US wine market: Six consumer groups

(Beveragedaily) - The US is home to 84 million regular wine drinkers, making it the most populous wine market in the world. But not all drinkers are the same. Wine Intelligence has identified six distinct consumer segments in the US market, each with differing preferences, behavior, and spending p...

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November, 26, 2018 Wine.com Raises $32.5 Million From Goldman Sachs

(Forbes) - Wine.com, the San Francisco-based online retailer, last week received $32.5 million in growth capital from Goldman Sachs Asset Management Private Credit Group (GSAM PCG) in order to focus on marketing and increase the number of wine brands it carries. The company’s CEO Ri...

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November, 19, 2018 What's Next for Santa Barbara Wine?

(Wine-Searcher) - Typically known for its Pinot and Chardonnay, the Central Coast region now offers surprising variety. Over the last few decades, California's viticultural scene has grown much further than just Napa and Sonoma. As vineyard prices in northern California continue to rise, winemak...

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November, 19, 2018 World wine output rises 13 percent after disastrous year

(France24) - Global wine production rose 13 percent this year, after a catastrophic 2017 which was marked by heatwaves, frosts and hailstorms, the International Organisation of Vine and Wine (OIV) said Monday. It said production was estimated at 279 million hectolitres (mhl) this year,...

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November, 19, 2018 Online wine retailer Wine.com racks up $32.5 mlm

(PRNewswire) - Wine.com, the nation’s leading online wine retailer, today announced that it has raised $32.5 million in debt and equity financing from funds managed by Goldman Sachs Asset Management’s Private Credit Group (“GSAM PCG”). The capital will be deployed to enhance...

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November, 19, 2018 ‘French wine is better than American wine!’ Trump’s wine war ESCALATES

(Express) - FRENCH Agriculture Minister Didier Guillaume has warned French wine is “better than American wine” after US President Donald Trump sent a series of blistering messages on Twitter last week accusing Paris of imposing unfair trade practices that kept US producers out of the F...

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November, 19, 2018 2018 U.S. Wine Sales Are Up, Especially Red Wine Shipped Direct

(Forbes) - The wine business market research and consulting firm  BW166, LLC   recently reported that in October 2018 U.S. wine sales reached $4.3 billion; domestic table wines were up nearly 6%. BW166 also says that over the twelve month period ending in October ...

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