Afternoon Brief, May 12th

Vintage Wine Estates Cuts SKUs in Bid to Drive Down Costs: The company has also reduced its headcount and sold acreage on its vineyards...

Afternoon Brief, May 11th

What the Sale of Stag’s Leap Wine Cellars Means for Ste. Michelle Wine Estates and Northwest Wine: Yesterday Ste. Michelle Wine Estates (SMWE) and Italian producer Marchesi Antinori announced that the latter purchased full ownership of Napa Valley’s Stag’s Leap Wine Cellars...

Afternoon Brief, May 9th

Marchesi Antinori Will Take Over Full Ownership of Stag’s Leap Wine Cellars: Marchesi Antinori and Ste. Michelle Wine Estates have announced that Marchesi Antinori will take over full ownership of Stag’s Leap Wine Cellars after 16 years of collaboration with the prestigious American company...

Afternoon Brief, March 29th

Winemakers Appreciate the 2% Excise Tax Inflation Cap Set by the Canadian Federal Budget: Wine Growers Canada (WGC), the national voice of Canada’s wine industry, has welcomed the federal budget announcement capping the annual alcohol excise tax adjustment at 2%...

Afternoon Brief, November 21st

Consumer Groups Obtain TTB Commitment to Issue Rulemakings on Mandatory Alcohol Labeling: A coalition of consumer groups today announced an important victory for the American public: the Treasury Department’s Alcohol and Tobacco Tax and Trade Bureau (TTB) has agreed to issue proposed rules requiring standardized alcohol content, calorie, and allergen labeling on all beer, wine and distilled spirits products...

Afternoon Brief, March 25th

There are More Merges and Acquisitions in Wine Than Ever Before—Here’s Why: In recent years, mergers and acquisitions in the wine industry have become increasingly common. During the latter half of 2020 through 2021, however, things progressed to a whole new level...

At Heritage Auctions, a Record Price for the Stag’s Leap Wine Cellars Cabernet Sauvignon That Made History in 1976

DALLAS, Texas (March 15, 2022) – Stag’s Leap Wine Cellars 1973 S.L.V. Cabernet Sauvignon made history again during Heritage Auctions’ $2.55 million Wine Signature® Auction, held March 10-11 in Beverly Hills. […]

Afternoon Brief, March 21st

Can Major Wine Markets in China Survive Its Worst COVID Resurgence?: China’s intense lockdown and curbs have shown immediate effects on the country’s lucrative wine market, especially in three of the affluent cities in Shanghai, Shenzhen and Dongguan that are engines for the country’s wine consumption, as the country holds on tight to its ‘zero-Covid policy’...