Californian wine company Sebastiani Vineyards is set to be sold to US wine group Foley for an undisclosed sum, it was announced yesterday.
Enraged or inspired by what you've read? Have your say on the Letters page of Decanter magazine by emailing editorial@decanter.com. -->Mary Ann Cuneo, CEO of the large-scale Sonoma-based producer, was reportedly in talks with Foley for some time before the deal was reached.
Sebastiani, founded in 1904 by Samuele Sebastiani, sold its cheaper line of Turn...
Sales of Australian wine are taking a battering at home and internationally, with exports being hardest hit.
Enraged or inspired by what you've read? Have your say on the Letters page of Decanter magazine by emailing editorial@decanter.com. -->Reasons for the downturn have been identified as oversupply, the global financial crisis, and until recently the strength of the Australian dollar.
Winemakers' Federation of Australia CEO Stephen Strachan said oversupply had led to price wars in...
The Chilean wine is gaining ground among followers and U.S. buyers, not only in the low-price segments, but also in those with the highest purchasing power. According to a ranking published by the Wine.com website, the biggest portal for online sales of U.S. wine, a Chilean wine ranks fifth on the list of preferences of the "wine" of the "super premium" more popular with U.S. buyers. The list, which includes all those wines known as "the best of the market," qualified wines comprise over 94 poin...
