The wine production forecasts from the OIV indicate a significant decrease, falling by 7% to 244 mhl, marking a historic dip. Yet, this reduction might help to stabilize the international market.
Australian Treasury Wine Estates, which counts Penfolds among its brands, has purchased Daou Vineyards in California's Paso Robles for approximately $1bn.
An English winery is entangled in a legal dispute with Champagne Louis Roederer over their "Crystal Pet Nat Pink," which has irked the French champagne makers.
The Chinese company Changyu has been evaluated as the second most valuable wine brand, narrowly trailing behind Moët & Chandon but surpassing it in brand strength, as reported by Peter Douglas.
Austria was the first country in the world to cultivate a farm according to organic principles. In the century since, the commitment to nature has only become stronger.