Latest Wine News Update – Gallo buys 2 longtime Washington wine brands

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With our wedding less than three months away things are getting very exciting over here! Of course this means we’re also enjoying some great wine and planning which wineries we want to feature at the event. That’s right, you know how much we love wine, and we know that most of our guests also love wine, so we’ll be picking some great wineries to help support this wonderful day. If you are interested in being considered for this please feel free to contact us. Okay, enough about us, there’s a lot going on in the wine world, here’s the latest news hand-picked for maximum enjoyment!

Gallo buys 2 longtime Washington wine brands

The Washington wine industry marked a new milestone with word Monday that the world’s largest privately-owned winery has purchased two longtime Washington brands.

In a statement, E. & J. Gallo Winery announced the purchase of Columbia Winery and Covey Run Wine from Ascentia Wine Estates. The price was not disclosed. (Read More)

Asia’s Thirst for Top Wines Dries

After the binge follows some moderation.

Every spring, top Bordeaux producers sell their latest wines in the en primeur market when it’s still in the barrel, two years before bottling and delivery. The past two years saw strong sales, driven partly by rising interest among Asian buyers. Merchants say they make up about 40% of buyers of these sought-after wines, up from a tiny fraction just five years ago. (Read More)

Bottling Up Wine Discounts

The glass looks half empty for lovers of California wine, as many wineries are expected to raise prices in the coming years. But experts say consumers can still hunt down a wide variety of cheap bottles.

Although consumers have been drinking more wine, California wineries — which produce 90% the country’s wine — haven’t ramped up production, an imbalance that is starting to push up prices. The cost of Napa Cabernet grapes rose 35% last year, even as the region’s total grape supply fell 8% short, according to a report from Silicon Valley Bank. “We went from a glut situation with grapes to a shortage situation,” says Robert Eyler, director of the Center for Regional Economic Analysis at Sonoma State University. (Read More)

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