Wine Consumers Focusing On Quality Over Quantity, Retailers Say
According to Impact Databank, the U.S. wine market is projected to eke out a small value increase this year, despite a 2% decline in volume terms. Wines priced $10 and over are expected to outperform less expensive segments, helping to drive the first post-pandemic increase in value for the industry. Continue reading →
Posted in News on September 20, 2024Wine Spectator: Neil Empson, Pioneering Importer of Italian Wine, Dies at 85
Neil Empson, founder of Empson & Co. and a pioneering importer of Italian fine wine into the United States, died Sept. 14 after a long battle with cancer. He was 85. Continue reading →
Posted in News on September 20, 2024Darden Seeing Improvement After Mid-Summer Lull
Darden Restaurants saw revenue increase 1% to $2.8 billion in its fiscal first quarter ended in August, as the addition of 42 new restaurants offset a same-stores sales decline of 1.1%. Continue reading →
Posted in News on September 20, 2024News Briefs for September 20, 2024
•Johnson Brothers has appointed Yale Johnson as president of sales. Continue reading →
Posted in News on September 20, 2024Impact Databank: Oregon Wines To Surpass Six Million Cases This Year
Only three years after having reached the five-million-case threshold, Oregon wine volumes are expected to surpass six million cases in 2024, according to Impact Databank, continuing a long stream of gains as Oregon broadens its appeal to American wine drinkers and overseas markets. Continue reading →
Posted in News on September 19, 2024Foley, Adair Lodge Winning Bids For Former Vintage Wine Estates Brands
More than 20 wineries and brands from the bankrupt Vintage Wine Estates are set to come under new ownership, after an auction Tuesday in the U.S. Bankruptcy Court in Delaware. Continue reading →
Posted in News on September 19, 2024
