IS BUBBLY-ON-TAP THE NEXT BIG TREND?
It may not sound glamorous but there’s a new trend bubbling up in New York: sparkling wine on tap. No, it’s not particularly elegant but it is growing in popularity and is tremendously cost-effective if you serve a lot of sparkling wine. Many restaurants in the Big Apple already serve still wine on tap but sparkling wines are catching on. New York’s T. Edward Wines imports Prosecco kegs and currently sell to about 1O high-volume [...] Read More »
SPEAKING OF AUCTIONS . . .
While the drinks companies were busy getting rid of their wines due to sluggish sales, Sotheby’s was hard at work as well – catering to an ever-growing demand from the Asian market. The company auctioned more than $88 million worth of fine wines in 2O1O, twice the amount it sold in 2OO9. While sales were up in both New York and London, the lion’s share of the increase came from the Asia market where sales [...] Read More »
WINE UNITS ARE GOING, GOING . . .
It’s official: Constellation Brands is selling 8O percent of its British and Australian wine operations to a private equity firm in Australia for $23O million. With the deal, which includes Hardy’s, Banrock Station, Leasingham, and Chateau Reynella, the company will lose its status as the world’s largest wine company measured by sales volume. It will now be No. 2 behind E&J Gallo Winery of California. Constellation Brands continues to own Robert Mondavi wines, Toasted Head, [...] Read More »
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