Cape Classics Appoints New Executive Vice President

News and notes from the world of wine.

Cape Classics, a New York-based importer of South African wine brands, including Kanonkop, Ken Forrester and Mulderbosch, has appointed Molly Choi executive vice president of sales and marketing. Prior to her new appointment, Choi was Cape Classics’s senior vice president, a position she held for six years. Before joining the Cape Classics team, Choi served on the marketing team for the Louis Vuitton Moët Hennessy (LVMH) luxury-goods conglomerate.

According to a statement made by Paul Pontallier, Château Margaux’s managing director and winemaker, the Medoc first-growth will become 100% organic over the next couple of years. At a London seminar last week, Pontallier announced that this move toward organic does not include its second and third wines, and that the chateau has also been experimenting with alternative closures on the estate’s second wine, Pavillon Rouge du Château Margaux. In a recent tasting, a 2003 bottling sealed with an impermeable screwcap closure was preferred to the same wine sealed with a cork. The Chinese translations can be viewed by clicking here.

According to the Cava Regulatory Board, Cava producers exported a record 152 million bottles in 2011, a 2% increase over the exports in 2010. However, due to poor domestic sales, the Cava industry saw a 2% decline in overall sales in 2011.

After a year’s worth of discussions with the 61 Médoc chateaus categorized in Bordeaux’s 1855 Classification, Christie’s auction house has established the official Chinese translation for most of the chateaus. In a recent statement, Simon Tam, head of wine, China, reported that written confirmation and agreements have been received from all of the chateaus, except for three or four, with some estates opting out of the Chinese translation. Christie’s hopes to similarly engage estates in Burgundy, Sauternes and Bordeaux’s right bank in the future. The poster can be viewed here.

According to a study conducted by Vinexpo, the international wine and spirits exhibition, white wine consumption in China rose 19% in 2011, with a further expected growth of 70% by 2015. Currently, red wines account for 91% of China’s total wine consumption.

U.S. Trade Representative Ron Kirk announced the passage of the United States-Korea trade agreement, a pact that will remove the current 15% tariff on U.S. wines imported to South Korea. The agreement is effective March 15, 2012.

Published on February 27, 2012
Topics: Wine News



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