WINE TRADE

Insolvent premier cru leaves his customers to Cult Wines

UK (London) – “Premier Cru Fine Wine Investments Ltd” left its customers’ data to its competitor “Cult Wine Solutions for Fine Wines”. So the ex-customers of Premier Cru can hope that at least their subscriptions of the 2013 Bordeaux vintage are fulfilled. Premier Cru, which was founded in 1995 and has grown over the years to a traditional agency for wine investments, has meanwhile stopped trading. The main reason is the severe disease of one of the leading directors, the company announced.

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Bremer Ratskeller: 150,000 euro bargain for a „1653 wine”?

GERMANY (Bremen) – Karl-Josef Krötz, master cellarer of the Bremer Ratskeller, had some stressful weeks since it was announced that Huang Nubo, a Chinese billionaire, had offered to pay 150,000 euro for a single bottle...

Munich Wine Islands: „Open Cellars“

GERMANY (Munich) – A young employee of a wine shop is shaking up Munich’s wine scene. Nicola Neumann, responsible for marketing and distribution at Noble Wine (a top address for Pinot and Champagne, German top wines...

Prices for German Rieslings will increase

GERMANY (Mainz) – Due to the poor 2013 yield, the prices for German Rieslings will increase in 2014. According to estimations of the Deutsche Wein Institut (DWI, German Wine Institute), the total production of Riesling...

Bibendum Wine sells its private customers

UK (London) – The British Bibendum Wine Ltd wine trading house has parted with its private regular customers. The customers will be taken over and supported in the future by Cru London Ltd., which was founded by Simon...

Hong Kong’s love affair with Burgundy, Spain and Italy

CHINA (Hong Kong) – Bordeaux wines are still the Chinese’s favorites but the demand for Burgundy wines are considerably increasing. This could be noticed at the Hong Kong International Wine & Spirits Fair at the...

Price fight about champagne for Christmas begins

UK (London) - The British markets are the first ones in Europe to open this year’s price fight about champagne for Christmas time – and it’s to become harder than past year. This is the estimation of the wine...

Die DOCa Rioja increases its wine exports

SPAIN (Logrono) – Spain’s economic crisis has for long been forcing the domestic producers to canvass wine drinker on abroad markets, which they apparently are achieving. Exports from the Rioja region increased by 7.7...

Small cheer for high-end wine sales during economic slump

CHINA (Peking) - Sales of high-end imported wines have cooled because of China's slowing economy and the government's crackdown on lavish spending with public funds, industry insiders said after the three-day...

The market for fine wines remains fragile

UK (London) – The majority of the wine traders registered at the London LIV-EX believes the prices for the fine wines registered there to increase by the end of the year. In contrast, experts among investors are warning...

Amazon China starts direct distribution of imported wines

CHICHINA (Peking) – Amazon, the mighty online trader, has recently started to sell his first party of imported wines directly to Chinese consumers. For the moment, the wines stem exclusively from seven select California...

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