Afternoon Brief: Treasury Wine Estates Rejects Bankruptcy Speculation
Australia's largest wine producer has dismissed claims that rising debt could push the company towards bankruptcy. Treasury Wine Estates says it has sufficient liquidity despite heavy short selling and a sharp fall in its share price...
Afternoon Brief: Silicon Valley Bank Releases 25th Annual State of the US Wine Industry Report
Widely regarded as the leading source of market trends in the premium wine sector, SVB’s 25th annual report provides an analysis of current market conditions, success strategies, and forecasts for the year ahead...
Afternoon Brief: Wine Institute Statement on Federal Government Shutdown
This shutdown comes at a critical moment for the U.S. wine industry, said Robert P. Koch, president and CEO of Wine Institute. Harvest is underway, and wineries are cut off from essential federal services most urgently, label approvals that are legally required before wine can be bottled or sold"...
Afternoon Brief: Online Alcohol Marketplace Provi Settles Antitrust Lawsuit Against Southern Glazer's
Online wholesale alcohol platform Provi has settled its federal antitrust lawsuit accusing Southern Glazer's, the largest U.S. distributor of wine and spirits, of stifling competition...
Afternoon Brief: Wine Industry Network Recognizes 5 Companies with 2024 WINnovation Awards
The winners of Wine Industry Networks 12th annual WINnovation Awards for excellence in wine industry innovation are...
Afternoon Brief, March 20th
Thieves Hit Chablis Winery, Stealing More Than 1,000 Bottles: Thieves entered Domaine du Château de Viviers undetected in the middle of the night and stole wines with a total estimated value of more than €50,000, said the Chablis producer...