A fund of 200 million euros was set aside by the French government recently to destroy surplus wine production in the country due to mounting challenges including fall in sales
Australia's Treasury Wine Estates said on Tuesday it was well positioned to deliver growth in fiscal 2024 after the winemaker reported a 3.3% fall in annual profit, mainly hurt by lower sales in the United States. The Melbourne-headquartered company expects demand for luxury wine to grow globally this year, led by its Penfolds label, and with potential upside from improving relations between Australia and China. However, luxury wine sales growth is expected to be modest in its highest revenue-generating segment, Treasury Americas, before picking up from 2025.
When Pam Riggen opened her liquor store 18 years ago, she thought her location, next door to Albertsons (now Safeway) on Austin Bluffs Parkway, was ideal.