The global fine wine market continued its downward trend in the first half of 2025, a descent that began in late 2022, according to…
The global fine wine market continued its downward trend in the first half of 2025, a descent that began in late 2022, according to…
New Zealand wine company Indevin Group is to bottle a selection of its Villa Maria wines in the UK from early 2024. The company said today that Encirc in Elton would handle its UK operations. The move follows “several years” of research in partnership with agent Hatch Mansfield, as the companies look to prioritise sustainability and consider the carbon footprint of shipping wine from New…
Pernod Ricard’s venture capital fund, Convivialité Ventures, has taken a minority share in circular economy startup Ecospirits. Pernod Ricard joined a $10 million Series A funding of Ecospirits, along with New York-based circular economy investment fund, Closed Loop Partners, and several Asian and global investors. The tech startup is focused on low carbon, low waste distribution systems for the wine and spirits industry. In March…
Chilean wine company Concha y Toro has reported a fall in sales to the UK market for the full year 2022. The company said last week that sales volumes to the market decreased by 16.7% year-on-year. The dip was “primarily due to the slowdown in the category at the industry level, adjustments after price increases, and lower volumes in the commercial category under £5”, CyT…
New Zealand Winegrowers has lined up a new global brand identity as it looks to highlight the New Zealand wine industry. ‘New Zealand Wine, Altogether Unique’ is the trade organisation’s first brand refresh since 2006. Communication for the new branding includes a storytelling video clip, featuring New Zealand actor and winemaker Sir Sam Neill of Jurassic Park and The Piano fame. Neill is the proprietor…
Global Brands has announced the acquisition of Hooch, Hooper’s and Reef from Molson Coors. Hooch, Hooper’s and Reef have been produced and distributed by Global Brands since 2012 under licence from Molson Coors. Global Brands has now purchased all three in an effort to grow the brands “in a way that aligns with the company’s vision”, as it looks to cater towards the increasing…
Cult Wines has announced the launch of its new Global Index to provide worldwide insights into the fine wine investment market. Created in partnership with Wine-Searcher, the Global Index will process around 200,000 global wine prices every month to offer a view of consumer and merchant behaviour while providing “accurate pricing in the marketplace”. Tom Gearing, CEO and co-founder of Cult Wines, said: “Working…
The president of DO Cava has said the region will host a global summit next Autumn, as it looks to educate the trade and consumers on new classifications, as well as the performance of the category. Javier Pagés (pictured) said the event will centre around the Cava de Guarda Superior classifications. Although the occasion is yet to be named, Pagés said the global event will…
