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Source: Wine Market Council
Treasury Wine Estates is following through on its previously announced plans to reduce costs by consolidation and sales of assets which it said will be completed by the end of 2016. In a statement issued today, the company said it could save AUS$35 to $50 million per year by taking the following actions among other […]
The following was kindly provided to Wine Industry Insight by Liv-Ex Fine Wine Market Changing There has been much discussion about a change in direction for the fine wine market. In 2009, fine wine prices surged due to increased demand from Asia following the removal of tax in Hong Kong and fiscal stimulus in […]
Vintank, which has served the wine industry customer insights from more than a billion social media conversations has been acquired by W2O Group, a diversified digital agency in San Francisco providing advertising, public relations, software and creative services. The acquisition was announced March 30. No purchase price was given. Vintank will probably be rebranded, said […]
Source: Geography of Jobs
EDITOR’S NOTE: Don Sebastiani & Sons sent the following statement to Wine Industry Insight. It is presented here in its entirety with several paragraphs relocated to move significant information higher. Additional paragraph breaks have been added for readability. No changes were made in wording or punctuation. On Thursday, March 19, CBS This Morning aired […]
Source: Gallup
Source: eMarketer
Source: Nielsen