News

A 400% increase in Airbnb overnight stays in Italy, and an additional €200m in revenue. Is tourism the future of the wine industry?

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Following its acquisition of a set of brands from Pernod Ricard, Robert Foye, chief executive of Accolade Wines, has decided to step down.

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The end of China’s tariff dispute briefly stabilized Australia’s wine exports, but bulk shipments to key markets have declined.

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Last year's number two falls to fifth in Brand Finance's 2024 Brand Value.

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A court ruling has allowed Berlin winemaker Horst Hummel to continue selling his “Schillerwein”. Among other issues, the wine was flagged for its high volatile acidity,

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In the first half of 2024, Spain increased its exports by 1.5% in value and 0.3% in volume. The main losses occurred in the market for wines with protected designation of origin, while sparkling wine sales also weakened.

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Australian third largest producer, Australian Vintage Limited (AVG) has released its financial results for the year ending June 30, 2024, and announced changes in its leadership team.

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In its drive to sustainability Pernod Ricard now uses modern sailing ships to transport its Champagne and cognac to the US.

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The introduction to our Global Report of August 2023 stated that “pockets of activity exist but these feel like exceptions in an altogether quiet landscape.” Last year’s “pessimism in all major producer countries about the long-term drift away from wine consumption” is continuing through 2024, but the bulk wine market seems a little more active than last year.

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The Australians are planning to open a winery in China as part of their “multi-origin strategy”.

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With 188,000 ha of vineyards and an annual wine production of 4.5m hl, Romania is by far the largest wine country in south-east Europe. Unfortunately, this has not yet spread around The largest wine country in south-east Europe is looking for its profile. Thomas Brandl takes a deep dive. 

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In the Palatinate region, the first Solaris grapes for the partially fermented wine Federweisser have been harvested, with ripeness levels comparable to those of previous years.

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According to IWSR, many traditional markets for alcoholic beverages are currently experiencing a downturn. However, opportunities are emerging, particularly in the growing markets of Asia, Central, and South America.

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Grand Chais de France is introducing their new Beaujolais in a new format — packaged in a bottle with a swing-top closure.

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German research suggests that social media usage may be declining - especially among older users.

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