Daily Wine News: $810 Million Acquisition

Posted by | Posted in Wine News | Posted on 01-06-2021

(Photo credit: E. & J. Gallo Winery)

Gallo has finalized a $810 million purchase from Constellation, one of the biggest wine acquisitions in history, reports Esther Mobley. The acquisition incudes more than 30 brands (including Arbor Mist, Black Box, Clos du Bois, Estancia, Franciscan, Hogue, Manischewitz, Mark West, Ravenswood, Taylor, Vendange, and Wild Horse).

Diversity and inclusion efforts are key to the American wine industry’s future, says Betsy Andrews in VinePair. “What impact will all these diversity efforts have? How will American winemaking evolve with the involvement of ambitious young people like Darwin Acosta? A commitment to diversity has moral value in itself. Yet, there are myriad nuts-and-bolts benefits, too. The transformation is in its nascency, but for an industry that has long attracted investors and collectors from white male-dominated sectors like finance, asserting the tangible advantages of diversity can help it become a matter of course. That’s important because diversity is essential to the health and future of the wine industry.”

In Wine-Searcher, Kathleen Willcox explores three regions’ sustainability initiatives, which “can certainly include organic and biodynamic initiatives, but could also include, say, greener packaging or solar-powered production lines.”

Archaeologists have been studying three Roman-era wine barrels found in Reims in 2008. Rupert Millar reports on their findings in the Drinks Business.

In Wine Enthusiast, Taylor Tobin offers an introduction to semi-sparkling wines, which “offer a different flavor experience than their fully sparkling cohorts. Some experts also believe that the less intense fizz makes them better suited to food pairings.”

In Wine Spectator, Robert Camuto looks back on the challenges of 2020 and the lessons from it that we can learn for wine.

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