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06.2011

Massachusetts Beverage Business

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archivedOnWineReport

FOSTER’S AND WINE . . . NOT A GOOD PAIRING

Foster’s ill-fated foray into the wine business is over. The company has spun off its wine division into a separate company called Treasury Wine Estates, prompting speculation that key brands, or the new company itself, might be up for sale. Treasury Wine Estates, will run a portfolio of brands including Penfolds, Beringer, Wolf Blass, Lindeman’s, Stags’ Leap Winery, Wynn’s Coonawarra, Etude, and Chateau St Jean. According to some observers, Foster’s is well-rid of its less [...] Read More »

THE FIRST IPAD WINE MAGAZINE

By the Grape is the first wine magazine worldwide built specially for the iPad. It is available for download and costs $ 3.99. Its premier international issue was devoted to Jancis Robinson, one of the world’s best-known wine writers. By the Grape is published by Derrick Neleman, founder of bythegrape.com. [...] Read More »

OFF-PREMISE SALES GET A BIG BOOST

The overall economy may be slow to recover but the wine industry just got some good news. Off-premise wine sales data increased 1O% over the same four-week period last year, according to market research firm Symphony IRI Group. The unusually high spike in sales was partly due to Easter falling in the four-week period this year, while it came earlier in 2O1O. Still, the longer measure of 52-week performance showed 6% growth in domestic table [...] Read More »

SWINDLER’S WINES GO FOR BIG BUCKS

When it comes to auctioning off the belongings of notorious criminals, it’s safe to assume the public will pay top dollar for a piece of history. Bernie Madoff was a low-class thief but he had an impressive wine collection and bidders were all too eager snap up lots. Madoff’s eclectic wine and spirits fetched $41,53O at an online auction held in May. All 59 lots, ranging from fine Bordeaux to vodka nips, found buyers, with [...] Read More »

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