Treasury Wine Estates Ltd. (TWE), the world's second-largest listed wine company, fell the most since a 2011 listing after saying it would write off A$160 million ($145 million) to get rid of old and out-of-date bottles.
Researchers are now designing robots for these most delicate crops by integrating advanced sensors, powerful computing, electronics, computer vision, robotic hardware and algorithms, as well as networking and high precision GPS localization technologies. Most ag robots won't be commercially available for at least a few years.
The wine industry has reported 3.6 percent growth in revenue to $32.3bn, and 2.2 percent growth in volume to 345.1 million 9l cases in 2012 despite shortage of supply and slow economy, according to the 2013 WineTAB report from Technomic, part of its Trends in Adult Beverage (TAB) series.
In April, Bob Travers, the Californian winery's owner for 45 years, sold the 465-acre (188 hectare) property to Charles Banks of San Francisco-based private equity firm Terroir Capital LLC, his wife Ali, and retail entrepreneur Jay Schottenstein and his son Joey.
I have always been a skeptic when it comes to an "all" or "none" approach while judging any situation, and I tend to look at the shades of grey that exist in most. And nowhere in the world of wine is this skepticism more apparent for me than in the broad classification of vintages pronounced "superb" or "inferior."
A few wine industry members with video background are starting a wine video blog that will feature a different family-owned winery each week. It will be an informal look at the history, property, wines, etc., not a formal sit-down interview.
Over the past 10 years the WWIF (Washington Wine Industry Foundation) attained one of the highest levels of giving to WSU, that of "Benefactor." Over $440,000 has been donated to WSU in both grant and earned monies providing support for programs.