Jan 17 2011

Decanter: Wine investment company boss jailed

Tag: Allgemeinessigi.hiss @ 13:53

by Jim Budd- Wine investment company director Benedict Moruthoane has been jailed for 7.5 years for fraud.

Templar Vintners

Moruthoane, who set up and ran Templar Vintners Ltd, was sentenced at St Albans Crown Court on 5 January after a two-month trial.

The fraud related to two wine investment companies: Templar Vintners Ltd and International Wine Commodities Ltd. Moruthoane was a director of IWC, but not a director of Templar Vintners.

Despite taking nearly £200,000 from investors neither company bought any wine to back investments. Continue reading „Decanter: Wine investment company boss jailed“

Jan 17 2011

Decanter: says delivery failure due to economic situation, UGC investigates

Tag: Allgemeinessigi.hiss @ 13:42

by Jim Budd- Bordeaux merchant, which is being sued for failure to deliver paid-for wines, says its problems are due to the general economic downturn. The chief operating officer of has praised clients – whom he has charged not only for the wine but also delivery and tax – for their patience while his company ‘unlocks’ wines from suppliers.

Meanwhile the Union des Grands Crus de Bordeaux (UGC) has become involved, saying it is concerned at reports that is failing to deliver some en primeur orders.

Sylvie Cazes, president of the UGC, told there has been a number of complaints from members, which were being investigated. Continue reading „Decanter: says delivery failure due to economic situation, UGC investigates“

Jan 17 2011

Preview of the Year – 2011 – Part III: Wine

Tag: Allgemeinessigi.hiss @ 13:33

By: Jeremy Cunnington and Spiros Malandrakis at Euromonitor International

Euromonitor International considers the year ahead
Euromonitor International considers the year ahead

In part three of our preview of 2011, Euromonitor International tries hard – very hard – to find areas of optimism for the world’s wine companies.

Key trends – From New World wine to a new world for wine

Simplification initiatives, new media campaigns, eco spin and millennial targeting will continue to reshape the wine market. From the introduction of PET bottles to Facebook, Twitter and iPhone applications, and from organic offerings to specialist forums, the democratisation of wine will be key to retaining and expanding audiences. At the same time, the eventual sophistication of consumers will translate into a more critical revisiting of the supermarket aisle and ubiquitous, special offer-orientated propositions. The New versus Old World dichotomy will continue, but the massive differences in positioning and marketing techniques of the past will be gradually ameliorated.

Other sparkling wine: He who laughs last

While other sparkling wine failed to immediately take advantage of Champagne’s spectacular collapse – largely due to the latter’s aggressive discounting strategy – the tipping point marking the transition towards a category formerly pigeon-holed as a trading-down alternative is now upon us. Following enforced, albeit successful, experimentation over the tumultuous 2009/2010 period, consumers of other sparkling wine appear to have started to develop loyalties to the segment, which is expected to make massive gains moving forward. Champagne, on the other hand, faces an uphill battle.

Companies to watch

The major point of interest in 2011 will be what happens to Foster’s Group’s wine operations, Treasury Wine Estates. With the Australian company’s beer operations, Carlton & United Breweries, likely to be swallowed up, this will leave Treasury Wine Estates on its own. However, excluding private equity, there seem to be few other companies which would be interested, let alone have the money, so it may well remain an independent force.

A notable trend at the end of 2010, was companies looking to divest operations they no longer see as key. This has had the greatest effect on wine.

Rémy Cointreau seemed to start the trend with its decision to sell off its Champagne division. While Pernod Ricard would be interested in expanding its Champagne range, its acquisition ban and focus on the greater prize of Beam Global Spirits & Wine rules it out. More likely possibilities include the world’s second and third biggest Champagne companies, Vranken-Pommery and Boizel Chanoine. Both companies have a minimal presence in North America, where Rémy Cointreau is the region’s fourth biggest player by volume in 2010 with a 5% share of sales. Whether they too have sufficient funds following the economic downturn is another matter.

In December, Constellation Brands confirmed that it is selling off its Australian and UK wine operations to private equity group CHAMP, in a move aimed at paying down its debts and reducing its exposure to these low-margin markets.

At the same time, Brown-Forman is also looking to divest its remaining wine operations, which are primarily focused in the US. If Pernod Ricard was not so burdened with debt, it would surely be a front runner due to its lack of a domestic US wine. Other than that, it is likely that either private equity or a local producer would be interested in the operations.

Otherwise, most companies will be focusing on growing organically. Many companies such as Constellation, Foster’s Treasury Wine Estates and E&J Gallo will have been hurt by their overreliance on a few key markets such as the US, the UK and Australia, all of which have been hurt by recent economic conditions and, in the case of Australia, grape oversupply. In addition, most of these companies lack the resources for any major acquisitions.

Thus, companies such as Constellation will spend most of their spare resources on developing a presence in a combination of emerging markets, such as Russia, Poland and Brazil, and Western countries such as those in Scandinavia, the Netherlands and Germany.

Jan 17 2011

GLOBAL: Moet & Chandon teams with Scarlett Johansson for ad campaign

Tag: Weingütersigi.hiss @ 13:21

By: editorial team

Click through to see all three Moet & Chandon ads

LVMH Moët Hennessy has utilised its partnership with Scarlett Johansson in an international advertising campaign for its Moët & Chandon Champagne brand.

The campaign, which was announced yesterday (13 January), features the actress in three photographs, all of which can be viewed on the right. The images were shot at Trianon, a residence on the Moët & Chandon estate in Epernay. Continue reading „GLOBAL: Moet & Chandon teams with Scarlett Johansson for ad campaign“

Jan 17 2011

FRANCE: Burgundy wine trade body plans marketing drive

Tag: Regionensigi.hiss @ 13:18

By: Stuart Todd | 14 January 2011
Burgundy’s wine trade body, the BIVB, is planning to invest EUR1.85m (US$2.5m) annually over the next three years to market the region’s wines in key export markets.

The export drive will focus on the US, UK, Belgium, Japan and China. It is part of a five-year strategy to make Burgundy „a world  leader for great wines born out sustainable production methods,” said BIVB president Michel Baldassini today (14 January). Continue reading „FRANCE: Burgundy wine trade body plans marketing drive“

Jan 17 2011

Decanter: Chateau Carmes Haut-Brion sold for record sum

Tag: Weingütersigi.hiss @ 13:15

by Jane Anson in Bordeaux – Château Carmes Haut-Brion in Bordeaux has been bought for €18m – a record price.  The property, in the Pessac-Léognan region, was bought by Patrice Pichet, head of Bordeaux real estate company Groupe Pichet. This is his first vineyard purchase. Continue reading „Decanter: Chateau Carmes Haut-Brion sold for record sum“

Jan 17 2011

Decanter: Queensland – wine industry rallies round flood victims

Tag: Regionensigi.hiss @ 13:12

by Rebecca Gibb in Auckland- The Australian wine industry is rallying to support flood victims in Queensland with a

Queensland flood raffle

raffle and a half million-dollar donation from Foster’s.

Brisbane-based wine writer Tyson Stelzer has launched the Australian Wine Trade Relief Raffle and multinational drinks company, Foster’s, has pledged AUS$500,000 (£315,000) in cash and donations to help those who have been affected by the floods.

The rising waters have now claimed at least 10 lives, and left 56,000 properties without power. Ninety people are still missing, and evacuation warnings have been issued in Brisbane.

Stelzer told ‚There are so many people in the Australian wine industry who have contacted me to say they want to do something to alleviate the situation in Queensland. Continue reading „Decanter: Queensland – wine industry rallies round flood victims“

Jan 17 2011

Wein+Markt:Klagen gegen Weinwerbeabgabe erneut abgewiesen

Tag: Ländersigi.hiss @ 13:09

Klagen gegen Weinwerbeabgabe erneut abgewiesen: Das Oberverwaltungsgericht Koblenz (OVG) hat die Klagen zweier Winzer gegen die Abgaben für den Deutschen Weinfonds und die Gebietsweinwerbungen abgewiesen und dadurch entsprechende erstinstanzliche Urteile der Verwaltungsgerichte bestätigt. Das OVG hat nicht nur wie bei der vorhergehenden Entscheidung im September 2010 die Abgaben für den Deutschen Weinfonds, sondern nun auch die Abgaben für die Gebietsweinwerbungen als verfassungsgemäß eingestuft. -gg-

Jan 17 2011

AUS: Australian wine exports lose more value in 2010 – figures

Tag: Ländersigi.hiss @ 13:03

By: editorial team

  • Exports drop by 9% in value
  • Rise by 2% in volume
  • Renewed momentum for bottled wine in H2
  • Exports of Australian wine continued to lose value in 2010, but the stricken industry regained some momentum in the second half of the year, official figures show. Continue reading „AUS: Australian wine exports lose more value in 2010 – figures“