Diageo Chateau & Estate Wines sold its Barton & Guestier Bordeaux business to French Wine concern Castel Freres SAS. The sale includes brands, inventory and land, including Chateau Magnol. Read more.
The leafroll virus is attacking vines in Napa Valley, reducing yields and slowing sugar development.
Fosters Group renamed their global wine business Treasury Wine Estates. The portfolio includes brands such as Beringer, Penfolds, Rosemount, Stags’ Leap Winery and Etude.
On-premise alcohol sales are expected to see an upswing in 2010, according to new research from Technomic. But that growth will mainly come from beer and spirits, as many consumers are expected to trade down to less-expensive wines or wines by the glass.
Divers have discovered what is thought to be the world’s oldest drinkable Champagne in a shipwreck in the Baltic Sea. Diving instructor Christian Ekstrom said the bottles are believed to be from the 1780s and likely were part of a cargo destined for Russia. About 30 bottles are believed to be aboard the sunken ship. The divers sampled one of the bottles immediately.