There has been a feeding frenzy in the secondary market, as collectors go looking for Burgundy. What does this say about the fine wine market? Felicity Carter examines the latest Live-ex Fine Wine Report.
Following our coverage of the plight of Bordeaux producers looking to uproot vines, we have news of a Médoc chateau owner using recent and untried French legislation to sue two negociants for over €1m in what he claims are excessive profits on the wine he sold them. If he wins, what might this mean for others in the sector?
Bordeaux’s vignerons took to the streets in protest on Tuesday, drawing attention to the alarming situation facing the region’s winegrowers. Their demands include the grubbing up of vineyards, along with emergency government aid.
Robert Nicholson, principal of International Wine Associates, advises on merger & acquisition in the wine industry. Most recently, he was involved in the purchase of Château Lascombes by the Lawrence Family. In this exclusive interview Nicholson frankly considers the likelihood of other US buyers buying French wine businesses.
Robert Joseph looks beyond the financially attractive top Grands Crus Classés, at the far less successful mass of Bordeaux and its sub-appellations where large swathes of vines are due to be uprooted.
London-based wine exchange Liv-ex has released its latest Power 100 list of the strongest fine wine brands or producers. The list is based on the period from 1 October 2021 to 30 September 2022. Bordeaux is ousted from the top 10, the list is now dominated by Burgundy.
There is a new twist in the recently exposed fraud scandal in Bordeaux: previously The Times reported that (several) managers of Celliers Vinicoles du Blayais had been involved in the fraud. The company has now denied this to our sister publication WEINWIRTSCHAFT.
Days before a US jury acquitted Tom Barrack, ex head of Colony Capital, former owners of Château Lascomes, of illegal foreign lobbying charges, the Margaux estate was acquired by another American, Gaylon Lawrence of Lawrence Wine Estates. This is only the latest episode in the long, checkered history of a 2nd growth chateau that has had many memorable owners, none of whom have kept it for long.
Treasury Wine Estates Ltd (TWE) confirms the majority acquisition of Château Lanessan in the Haut-Médoc. The move doubles the Penfolds brand's production capacity in France.
Tradition demands the participation of individuals who are dedicated to preserving it. For the Trentino winegrowers’ cooperative Mezzacorona, this involves safeguarding the indigenous grape varieties Teroldego and Marzemino, showcasing their qualities both as monovarietal wines and in blends.
