Jan 12 2011

ITALY/US: Constellation Brands in Ruffino wine dispute

Tag: Länder,Weingütersigi.hiss @ 18:04

By: editorial team

Constellation Brands has begun arbitration against Ruffino partner
Constellation Brands has begun arbitration against Ruffino partner

Constellation Brands is locked in a dispute over the ownership of Italian wine group Ruffino.

The majority shareholder in Ruffino, the Folonari family, is attempting to exercise its right to sell up to Constellation in return for up to EUR55m (US$71m), but the US-based wine group is disputing the move. Constellation has a 49.9% stake in the 134-year-old Chianti winemaker, while the other 51.1% is family-owned.

When Constellation acquired a stake in Ruffino in 2004, it signed a deal enabling the two other remaining shareholders in the company to ‚put‘ their stakes to Constellation for an agreed price at any point during calendar 2010. Continue reading „ITALY/US: Constellation Brands in Ruffino wine dispute“

Jan 12 2011

GLOBAL: World wine sector in good health – Vinexpo CEO

Tag: Ländersigi.hiss @ 18:00

By: Chris Mercer – The organisers of the world’s largest wine exhibition, Vinexpo, have refuted suggestions that the global wine sector is facing a crisis of confidence as big companies look to dispose of assets.

Vinexpo’s chief executive, Robert Beynat, used projected sales growth in both volume and value to argue that the world wine sector remains in good health.

The figures, released today (12 January), come amid a series of asset sales in the wine world. Constellation Brands has agreed to offload its UK and Australian divison for a mere AUD290m (US$290m), while Brown-Forman, Foster’s Group and Remy Cointreau are all considering sell-offs in 2011. Pernod Ricard spent 2010 pruning its own portfolio as many producers continued to battle overproduction, volatile exchange rates and poor margins. Continue reading „GLOBAL: World wine sector in good health – Vinexpo CEO“

Jan 12 2011

Decanter: Armenian find is ‚world’s oldest winery‘

Tag: Allgemeinessigi.hiss @ 14:43

by David Furer- Relics of the earliest known winery have been discovered in a cave located in Armenia’s mountainous Yeghegnadzor region.

Worlds oldest winery

Dating to 6,100 years ago, the site includes a pressing vat, fermentation jars, a cup, drinking bowls, and the remains of crushed grapes, leaves and vines from Vitis vinifera. Continue reading „Decanter: Armenian find is ‚world’s oldest winery‘“

Jan 12 2011

Decanter: New Zealand aims for 20% organic

Tag: Ländersigi.hiss @ 14:40

by Richard Woodard- Twenty percent of vineyards in New Zealand will be farmed organically or biodynamically by 2020, according to a new target set by Organic Winegrowers New Zealand (OWNZ).

The area of the country’s vineyards under organic certification has tripled over the past three years, but so far only 1,500 hectares of vines in 115 vineyards are managed organically – 4.5% of New Zealand’s total.

‘By 2020, even if we only achieve 20% of the vinelands in our country as being certified organic and biodynamic, it will be a giant step towards enforcing our very precious environmental image to wine connoisseurs all over the world,” said James Millton, organic grower and winemaker, and chairman of OWNZ. Continue reading „Decanter: New Zealand aims for 20% organic“

Jan 12 2011

Decanter: Greek winemaker sworn in as Thessaloniki mayor

Tag: Personensigi.hiss @ 14:38

by David Furer – Veteran winemaker Yiannis Boutaris has been sworn in as mayor of the Greek city of Thessaloniki – the country’s first socialist-backed mayor in 24 years. Boutaris assumed mayoral duties of Greece’s economically-troubled second-largest city on 1 January 2011.

The 69-year-old, a native of Thessaloniki, founded northern Greece’s Kir-Yianni winery in 1997 after leaving the family’s Boutari winery as a result of a split with his brother. Continue reading „Decanter: Greek winemaker sworn in as Thessaloniki mayor“

Jan 12 2011

Decanter: Bordeaux classed growths go fully organic

Tag: Weingütersigi.hiss @ 14:35

by Jane Anson in Bordeaux- Chateaux Guiraud and Pontet Canet have become Bordeaux’s first classed growths to be certified organic.

pontet canetPontet Canet in Pauillac, and Chateau Guiraud in Sauternes, have achieved full Agence Bio (AB) organic certification – Pontet Canet for its 2010 vintage and Guiraud from 2011.

Chateau Guiraud also registered the term BioViticulture® in December 2010, to reflect, as owner Xavier Planty told, ‘that for us organic is just the starting point. We wanted to stress that we also encourage biodiversity, recycling of water, carbon reduction… a more global approach to sustainable viticulture.’

As the first 1855 classified wines to become registered organic, Guiraud will put the term on its back label, while Pontet Canet will make no outward sign on the label – Continue reading „Decanter: Bordeaux classed growths go fully organic“