The Melbourne-based company didn't identify the private equity firm that expressed interest, but did disclose the proposal involved a cash consideration of between A$2.3 billion and A$2.7 billion
In March, A-B sued the Illinois Liquor Control Commission after regulators said the brewer cannot buy the 70 percent interest it does not already own in City Beverage-Illinois from privately held Soave Enterprises Inc. of Detroit
Off-premise wine sales data increased 4.3 percent from the same period last year in the four weeks ending August 21, according to The Nielsen Company-tracked data. In the 13 weeks ending August 21, sales were up 3.6 percent
Sometimes it pays to play it cool; just ask President Obama, Lauren Bacall, Johnny Depp and the grape growers and winemakers of Chile's Casablanca Valley.
The Pennsylvania Liquor Control Board estimates tens of millions of dollars for the Commonwealth. The fee increase will hit liquor wholesalers first. We're waiting for retailers to respond and adjust their prices. So it's not yet clear exactly how much shelf prices will change.
Wine market in the US has been moving along the path of fast growth pattern and as per research firm RNCOS new report, the market is expected to mark a value of $33.5 billion by 2013.
Critics are tripping over themselves to heap superlatives on the 2009 Bordeaux vintage. The praise train has been gathering steam since before the harvest last fall, and with the spring pilgrimages to Bordeaux came widespread exaltation.
Following an increasing number of observations in various wineries around the world in recent years, it is now clear that, similarly to the well-known phenomenon in corks, there are several sources of unpredictable contamination of oak wood by 2,4,6-trichloroanisole (TCA).
"None of us in the trade really are very clear about what it is we are doing now and what it we are going to have to do next," he told the Global Wine Conference.
Martha Stewart has been targeted in a new lawsuit over allegations she is sucking profits out of Vampire Vineyards wine company by producing low-quality counterfeits
Rutherford Wine Company, a leading purveyor of sustainably grown wines, today became the first winery to endorse a rapidly growing movement to educate wine drinkers about the societal, technical and environmental advantages of real cork wine stoppers, 100% Cork announced.
The cork industry has mounted a new campaign called I Love Natural Cork, that invites consumers to pledge to buy more wine sealed with natural cork stoppers
South African vintners raised 41 percent more money at the annual Nederburg Auction, the biggest of its kind in the country, as increased bidding reversed a two-year decline.
Gov. Bev Perdue has proclaimed September as Wine and Grape Appreciation Month, emphasizing the important role wine-making and grape production play across North Carolina
Foster's, also Australia's biggest brewer, may spin off its wine business next year after A$2.7 billion of writedowns in the past decade almost halved the unit's book value to about A$3.1 billion amid grape gluts and an appreciating Australian dollar
A major national survey has found that the flow of unauthorized immigrants into the U.S. has slowed dramatically over the past five years, leading to the "first significant reversal" of growth in their population in two decades