Wine growing news for the week so far. Some decent action from the big players Treasury & Branco.
1.) CIATTI Company California Report - February 2025
The California grape crush in 2024 was significantly lower than expected, at 2,843,646 tons, influenced by lighter yields, unharvested grapes, and vineyard changes. This represents a 22.8% decrease from 2023, reflecting broader market adjustments in the wine industry.
https://lnkd.in/gkJFAJw9
2.) Treasury Wine Estates removes ‘for sale’ sign from lower-end wines as top line climbs in half-year – results data
Treasury Wine Estates decided against selling its lower-end wine brands like Blossom Hill and Lindeman’s, citing that the offers received were not compelling enough.
https://lnkd.in/g7shKJ8N
3.) ‘I give ourselves ten out of ten for Penfolds’ – Treasury Wine Estates CEO Tim Ford speaks to Global Drinks Intel
Treasury Wine Estates' CEO Tim Ford discussed the company's performance, emphasizing strong results for luxury brands, particularly Penfolds, which has seen a successful return to the Chinese market. Despite challenges in the Premium Brands division, Ford remains optimistic about future growth, especially with the integration of Georges Daou's Daou Vineyards.
https://drinks-intel.com/
4.) Livermore Valley Wine Community declares Cabernet Franc and Sauvignon Blanc as signature varietals
This move is intended to capitalize on the growing popularity of these grapes and to highlight the region's historical significance in wine production since the 19th century.
https://lnkd.in/gGyDMRVk
5.) How Mendoza became one of the world’s wine capitals
Mendoza, Argentina, has established itself as a significant wine region, akin to Napa Valley or Bordeaux, through pioneering wine tourism and the efforts of trailblazing wineries. The region's wineries have embraced tourism with unique architectural designs and gastronomic experiences, fostering a rich wine culture that attracts global attention.
https://lnkd.in/gReEfxZm
6.) ‘Two Buck Chuck’ vintner eyes Santa Rosa brands
Bronco Wine Co. has acquired the assets of Wine Hooligans, LLC in Santa Rosa, including popular brands like Portlandia and Cycles Gladiator, through an auction. Their new CEO Dominic Engels is making moves!
https://lnkd.in/gcsF7DNh
7.) WineVit speakers: Washington grape volume and acreage continue to right size
At the Washington Winegrowers Association’s WineVit conference, it was highlighted that the state's wine grape production is undergoing a correction, with grape volume and vineyard acreage decreasing to match market demand. The state crushed 150,000 tons in 2024, down from the previous year, aligning with trends seen in other wine regions globally.
https://www.goodfruit.com/