Bulk wine suppliers around the world are trying to cover elevated input costs, so pricing on a number of wines in a number of markets can be characterised as “softening” but not falling sharply. Here's why.
Despite smaller quantities, the global trade of bulk wine has experienced a significant increase in value. Driving factors include uncertainty and inflation. New Zealand stands among the winners, while Spain continues to struggle for survival.
E. & J. Gallo Winery has announced the acquisition of American beverage brand Bev, along with its portfolio of premium canned wines and spritzers. This acquisition comes two years after Gallo obtained exclusive distribution rights in the United States.