Afternoon Brief: Australia's Treasury Wine Drops Planned Sale of Cheaper Brands, Cuts Profit Guidance
Penfolds wine producer Treasury Wine Estates (TWE.AX), pulled the sale of its cheap drinks division after failing to find an attractive offer and cut its prediction for annual profit, sending its shares tumbling...
Afternoon Brief: Wine Industry Faces Decreasing Demand Across Oregon
It is peak harvest season for vineyards in the Willamette Valley but the wine industry is facing many challenges this year, including wine sales being down across the board. Now, some wineries are making adjustments...
Afternoon Brief: Harvard Researchers and Leading Statistician Stand up to WHO
Medical researchers, e.g. from Harvard University, disagree with the WHO's advice against drinking any alcohol. And even Tim Stockwell, one of the people most closely associated with that messaging says that the risks from 'low level' drinking are 'tiny'...
Afternoon Brief: How TikTok Could Transform the Wine Industry
Within hours of TikTok announcing that it would allow alcohol advertising in North America, alcohol companies began running recruitment ads for TikTok specialists. Whats surprising is how few wine companies joined in...