After years of discussion, the EU Commission has authorised an IGP for sparkling wine from the eastern French region of Lorraine.This means that Lorraine now has four protected designations of origin.
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.
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.
While red wines are generally experiencing significant slowdown, dynamic companies in Languedoc-Roussillon are maintaining sales and even recording some encouraging growth.