Constellation Brands Inc. said Wednesday that its fiscal first-quarter profit slid 85 percent partly on increased restructuring charges, but the wine company's adjusted results still beat Wall Street expectations.
The world's most prestigious and influential independent wine competition, the International Wine Challenge (IWC), unveiled the results of the 2009 Trophy and Great Value Wine Awards.
The debt-laden maker of wine, beer, and spirits reported profits that beat forecasts. But will a restructuring and focus on premium brands boost its stock?
Sólo las exportaciones de vinos varietales salvaron la ropa: subieron 1,1% er la copa medio llena cuando la mirada es optimista o medio vacía cuando el pesimismo domina la escena es una frase que calza a la perfección para explicar el presente de la vitivinicultura nacional.
The recession has taken a bite out of the Washington wine community with the recent demise of Billington Wines, which helped put South American wines on U.S. dinner tables.
But during a three-month stay in Mexico last winter, I made the quite happy discovery that when I picked up a bottle of Chilean wine, I was delighted far more often than disappointed
As Brazil increases its production and vine area, the country is set to improve the quality of its wines with the launch of a new national technical network.
Chilean wine producer Vina Concha y Toro S.A. (VCO) issued 26.32 million new shares worth 24.48 billion Chilean pesos ($43.4 million) to pay a short-term debt in Argentina, a person at the company said Monday.
According to Argentina's National Wine Institute, hail in some provinces, and overall higher temperatures in February and March, are factors in the lower production output this year.
Chilean winery Vina Concha Y Toro SA (VCO) posted first-quarter consolidated sales, including exports, of 68.58 billion Chilean pesos ($119 million), a 12.8% on-year increase, the company said Thursday.
One winery is among the largest in Brazil and has a French winemaker partial to Italian methods, while the other is much smaller and run by a Brazilian who favors French techniques. But both share an obsession with quality.
In Chile, beer sales fell 4.0% on the year and wine sales fell 2.9%. In neighboring Argentina, beer volume sales jumped 31.5% while wine sales increased 6.3% on the year.