Beer and wine giant Foster's is the latest company to declare itself a casualty of the strengthening Aussie dollar, which is crimping export earnings at the same time as the domestic business struggles with continued oversupply issues.
Peter Michael, a leading Sonoma County winery, is expanding into Napa. The Knights Valley producer has purchased the Showket Oakville Vineyard, a 41-acre property including a residence and 26 acres of vineyards. The purchase price was not disclosed.
He has spent the last eight years running a retail wine shop, The Wine Garage, on Foothill Boulevard in Calistoga, where the mantra is: No wine over $25, even for Napa Valley cabernet sauvignon.
The Ministry of Agriculture reports that there are 218 registered wine producers in Georgia but only around 160 are actually functioning. Of these 35 are completely export oriented but Georgia's share of the world wine market is very insignificant.
Climate change could force Australia's Hunter Valley to plant alternative grape varieties to combat rising temperatures, spring frosts and a higher risk of disease, according to a new study.
They were quick to praise a 'phenomenal' harvest but Bordeaux winemakers are saying that the big test facing the 2009 vintage will be keeping down alcohol levels.
Jackson Family Wines, one of the nation's largest wine producers, hopes to open a 650,000-square foot, $29 million warehouse and distribution center in American Canyon by early next year, according to a report Tuesday in the Napa Valley Register.