US restaurant wine sales smashed, 2022 recovery at best

August 5, 2020
By Nicki Bourlioufas Wine sales in full-service US restaurants and bars will not return to 2019 levels until after 2022, creating huge financial pressures for wine suppliers, according to Rabobank’s Quarterly Wine Report for the second quarter. Covid-19 containment measures in the US, such as lockdown orders and social distancing, have pummelled on-premise wine sales.

Wine crop drops to 13-yr low, but quality to rise

August 3, 2020
By Nicki Bourlioufas The Australian winegrape crush in 2020 was 1.52 million tonnes – the lowest since 2007 given the impact of drought and bushfires, according to the National Vintage Report 2020 from Wine Australia. The 2020 crush was 12 per cent lower than the 2019 crush, and 13 per cent below the ten-year average

TWE says retail sales strong, considers Penfolds demerger

August 3, 2020
By Nicki Bourlioufas Treasury Wine Estates (ASX:TWE) has a new CEO Tim Ford who has provided an update on its business, during the coronavirus pandemic and the results are surprisingly upbeat for a company that was smashed during the March share market sell off. TWE shares fell to as low as $8.61, they have since

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