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News posted on Wednesday, 22 July 2015

Treasury Wine books loss on sale of US winery
One of the Californian wineries and brands which came into the Foster's Group stable after it shelled out a whopping $2.9 billion to buy the broader Beringer Wine Estates business in 2000 has been sold by Treasury Wine Estates at a loss of US$7.5 million, as chief executive Mike Clarke moves to re-shape the operations.

Weighty returns for growers from award winning ‘Vinnovation’
The brothers responsible for an innovative trailer have been awarded the inaugural ‘Vinnovation’ award for winegrape growers in South Australia. Bill and Phil Longbottom, independent winegrape growers from Padthaway in the South East, were selected ahead of the other finalists for the trailer's potential for adoption across all growing regions, its ability to directly improve profits and its relatively inexpensive cost.

Predicting fashion and no discounting: Keys to profitability
Maintaining premium wine prices and reacting to trends similar to the latest "handbag", are some of the ways the wine industry can recover from struggling production profitability, according to some New South Wales wine makers. Canberra winemaker Ken Helm is adamant that it is fatal to be price driven.

Move aside for cider - global beverage markets make room
Impressive growth in the demand for cider in the global markets has put it squarely back on the beverage alcohol map, attracting a younger, more affluent consumer, says agribanking specialist, Rabobank. In its latest report on the international beverage sector, Rabobank’s Wine Quarterly highlights the relative appeal of cider to younger, more well-heeled, both male and female consumers.

A new advertisement for McLaren Vale
We’re in a vineyard with Mark Lloyd, who’s pretending to prune. A biplane flies over low; he looks at his tank watch, drops everything and heads off to lunch, which explains why he’s pruning in his dinner jacket at the wrong time of year with a watch you could swap for a house. Because movie.

NZ wine dominates at Boutique Wine Awards
New Zealand’s Mount Brown Estates was the big winner at this year’s Boutique Wine Awards, claiming the Red Wine of Show, Estate Grown and Produced, and Wine of the Show gongs. The awards were in recognition of the winery’s Grand Reserve Pinot Noir 2013.

More than 80 gold medals at 2015 Spiegelau International Wine Competition
More than six per cent of all wines entered were awarded a gold medal at last week’s Spiegelau International Wine Competition, resulting in 83 wines receiving a score of 18.5 or more out of 20. Commenting on the results, Chair of Judges, Mike DeGaris concluded, “the terrific 2013 vintage really shone through – especially for Hawkes Bay Syrah, while the Pinot Noirs offered ripe fruit and good structure. The Chardonnays were really well put together and overall, were better balanced.”

World’s first blue wine goes on sale
Keen to push beyond the realms of red, white and rosé, a group of young Spaniards have broken the mould with the launch of the world’s first blue wine. As reported by Olive Press, six entrepreneurs in their 20s have invented Gik, a bright blue wine from Bierzo in northwest Spain made with red and white grapes.

World Bank invests to enhance Georgia’s unique Qvevri winemaking method
The World Bank has spent 2.3 million Gel ($1,017,700) to enhance Georgia’s ancient Qvevri wine-making methods by establishing a Qvevri Workshop in the eastern part of the country. The Qvevri Workshop facilities are being set up in the small village of Ikalto, about 110 km from the capital Tbilisi, with a museum and cultural center equipped with state-of-the-art technologies, and a workshop where visitors can learn ancient wine-making methods, according to Georgia Today.

Morrisons and Tesco win wine awards
Morrisons has been named the best UK supermarket for wine at the International Wine Challenge Awards (IWC), taking home the accolade for 2015 Supermarket of the Year. Meanwhile, Tesco was named best Own Label Range of the Year, with 98% of the wines entered on Tesco’s behalf awarded a medal.

Winemaker debuts crowdfunded rooftop vineyard in Brooklyn
A Navy Yard might not be exactly what comes to mind when envisioning a terroir that is suitable for viticulture. But with the help of Finger Lakes industry leaders and Cornell University, a first-of-its-kind urban planter system has been developed - on a Brooklyn rooftop.

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