All articles tagged with #wine industry
Joth Ricci, former Dutch Bros CEO, has purchased Winderlea Vineyard & Winery in Oregon's Dundee Hills, continuing its legacy of family ownership and renowned wine production, with plans to expand its digital presence and uphold its tradition of quality and responsible farming.
Spain's €22.4bn wine industry faces a critical need to attract 22,600 young workers due to an aging workforce and rural depopulation, compounded by climate challenges and a lack of entrepreneurial culture among youth. Industry leaders emphasize modernizing vineyards, promoting sustainability, and telling the sector's story to secure its future.
The article tells the story of Alondra Sotelo Garcia, whose father, a prominent vineyard manager in Oregon, was deported to Mexico amid increased ICE raids, forcing her to take over his business and support her family through a challenging transition, highlighting the broader impact of immigration enforcement on communities and industries in the US.
The California wine industry is divided over the impact of tariffs on European wine, with some stakeholders advocating for exclusion of wine from tariffs to protect domestic sales, while others argue tariffs increase costs and harm competitiveness. The industry faces challenges from declining U.S. wine consumption, supply chain disruptions, and international trade tensions, which could significantly affect California's economy and global market presence.
The 2004 film "Sideways" unexpectedly revolutionized the wine industry with a single joke about merlot, leading to a significant decline in its sales and a surge in popularity for pinot noir. This shift had a profound impact on the Santa Ynez Valley, boosting tourism and transforming it into a renowned wine region. The film's influence extended beyond wine preferences, contributing to a cultural shift in how Americans perceive and enjoy wine. Despite the changes, some experts predict a potential comeback for merlot as the market adjusts.
Australian farmers are ripping out millions of vines due to a wine glut caused by falling global wine consumption, particularly in the cheaper red wine segment. This overproduction has led to plummeting grape prices, threatening the livelihoods of growers and wine makers. To balance the market and lift prices, up to a quarter of the vines in areas such as Griffith must be pulled up, amounting to about 20 million vines across 12,000 hectares. The shift away from grape growing is prompting many farmers to turn to citrus and nut trees, signaling a significant transformation in the Australian agricultural landscape.
Scientists have developed a computer model that can identify the Bordeaux estate that produced a wine and predict its vintage based solely on its chemical composition. The model, created by computational neuroscientist Alex Pouget and his colleagues, aims to bring chemical precision to the concept of terroir, which refers to the unique combination of soil, climate, and traditional methods that contribute to a wine's character. This research could also help in detecting wine fraud.
Wine Enthusiast has announced the winners of its 24th annual Wine Star Awards, which honor influential individuals and companies in the wine, spirits, and beverage industry. The winners, selected by a panel of experts, will be recognized at a black-tie gala in February 2024.
Australia's Treasury Wine Estates (TWE) has agreed to acquire California's DAOU Vineyards for $900 million as part of its strategy to sell higher-margin luxury products amid uncertainty over trade with China. TWE plans to fund the acquisition through an equity raising of $525 million and aims to diversify outside of China, which used to contribute a third of its profits before Beijing imposed tariffs on Australian wine. The deal is expected to be completed by the end of 2023 and contribute to earnings in the second half of 2024.
A 46-year-old Italian winemaker, Marco Bettolini, reportedly drowned in a vat of wine while trying to save his colleague, Alberto Pin, who had fallen ill from nitrogen gases emitted during the winemaking process at the Ca’ di Rajo winery in northeastern Italy. Bettolini lost his balance and fell into the vat after becoming dizzy from the fumes. Pin was taken to the hospital in serious condition and is currently in a medically-induced coma. The incident has raised concerns about safety in Italy's wine industry.
The French government plans to spend $216 million to purchase and destroy excess wine in an effort to support the struggling wine industry, which has been impacted by changing consumption habits. The excess wine will be converted into industrial alcohol for use in hand sanitizers, cleaning products, and perfume. Wine consumption has decreased across Europe, with France experiencing a 25% decrease between 2005 and 2021. Younger drinkers are contributing to the growth of the alcohol-free drink market.