Spain’s harvest volumes are lower than expected, with significant losses in the east. Meanwhile, prices for new campaigns are rising, while France and Italy see mixed trends in wine pricing.
"One bottle of Meiomi contains as much sugar as 32 bottles of his wine": With this statement, a winemaker has stirred up the legal team of the manufacturing company.
Over the past three years, the revenue from sparkling wine in Austria has increased by 15.6%, according to the Austrian Wine Marketing Board (ÖWM). The number of producers is also on the rise.
The luxury conglomerate LVMH closes a 10-year mega-deal with Formula 1. It follows the three-year sponsorship agreement with the Italian brand, Ferrari Trento, which began in 2021.
According to the latest estimates from the French statistics agency Agreste, the French wine harvest has dropped to levels seen in 2021. However, no price increase is expected.
With a minority stake in French Bloom, a French producer of non-alcoholic premium sparkling wine, LVMH is entering the non-alcoholic market for the first time and targeting "flexi-drinkers."
From velvety and juicy to fascinatingly complex: Thanks to a predominantly cool climate and many autochthonous grape varieties, red wines from Burgenland and Lower Austria are increasingly moving into the international spotlight.
