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CALIFORNIA WINE MARKET
California’s oldest family-owned winery files for bankruptcy after more than 160 years. Why exactly this winery went out of business?Gundlach Bundschu Winery, a landmark in California's rich vinicultural history, has initiated Chapter 11 bankruptcy proceedings due to moun...- In 1858, Gundlach Bundschu began a California wine legacy. 168 years later, pandemic fallout, heavy debt and a changing market have pushed the historic winery into bankruptcyGundlach Bundschu Winery, founded in California in 1858, has filed for Chapter 11 bankruptcy protection. The winery seeks to restructure ov...
- In 2012, Elon Musk paid $17 million for a 16,251-square-foot Bel-Air mansion with rooftop solar; 8 years later, he sold it for $29 millionIn 2020, Elon Musk made headlines by selling a lavish Bel-Air mansion at a hefty profit. This sale unfolded against a backdrop where countl...
- Lori Loughlin and Mossimo Giannulli bought a Hidden Hills mansion for $9.5 million; after asking $14.95 million, they sold it for $12.65 millionLori Loughlin and Mossimo Giannulli’s Hidden Hills mansion sale stands out because it combines celebrity real estate, luxury living and a s...
- In 2012, Robin Williams listed his 640-acre Napa estate for $35 million. It finally got sold for $18.1 million - two years after his deathRobin Williams once owned a nearly 20,000-square-foot mountain mansion surrounded by 640 acres of vineyards, olive trees, trails and luxury...
- California Governor Gavin Newsom lists his $7.5 million Sacramento-area mansion: Inside the 8.2-acre Fair Oaks estate with 7 bedrooms, 12 bathrooms, tennis court and 5,000-bottle wine cellarCalifornia Governor Gavin Newsom has listed his sprawling 8.2-acre Fair Oaks mansion for $7.5 million, months before his second term ends i...
- Storm in a wine glass: As climate change and young consumers reshape the wine world, can India take advantage?Global wine regions face climate challenges and declining demand. India's wine tourism is experiencing significant growth and expansion. Yo...
- Taylor Swift owns a $100 million real estate empire featuring a Christmas tree farm, historic mansions, beachfront estates, New York penthouses, a private pool, home theatre, billiards room and even a wine cellar that can hold nearly 1,000 bottlesTaylor Swift possesses a real estate portfolio valued over one hundred million dollars. Her properties span Pennsylvania, Nashville, New Yo...
- James Marshall's 1848 discovery set off California's greatest migration; Sutter's Mill is now a historic landmark with a visitor influxJames W. Marshall discovered gold flakes in California in 1848, initiating a massive migration. Thousands traveled overland and by sea to s...
- Trade war leaves bitter aftertaste: America’s wine industry grapples with a crushing global blow as tariffs and Canada’s retaliation deliver a one-two punch that could take years to undoCanada's retaliatory measures against U.S. tariffs, including the removal of American wine and liquor from shelves, are severely impacting ...
- Wildfires can make your California red taste like an ashtray. These scientists want to stop thatThe US West Coast produces over 90 per cent of America's wine, but the region is also prone to wildfires - a combustible combination that s...
- Fine and Rare Wines collection at Christie's Hong Kong sold 96% by lot, 98% by valueFine and Rare Wines From An Esteemed Connoisseur's Private Collection at Christie's HK totaled HK$62,484,188/US$8,088,484, and was sold 96%...
- Radico Khaitan to bring Carlo Rossi to IndiaSpirits and wine major Radico Khaitan, a company owned by the Delhi-based Lalit Khaitan Group, is looking to ramp up its wine sales by intr...
- Wine lovers will soon have more brands to choose fromCalifornia-based E&J Gallo, the world’s second-largest winery by the number of cases sold, has drawn elaborate plans to introduce brands fr...
- Diageo to exit wine market, focus on vodka & whisky bizDiageo India is pulling out of Indian wine market by taking its only wine brand Nilaya off the retail shelves as it wants to stabilise the ...
- UB, Jonty to bring South African wines to IndiaThe UB Group has decided to sell South African wines from10 Chapter Pty in India soon. The wines will be sold through United Vintners, a su...
- Power of marketing: Costlier wines are tastyResearchers at California Institute of Technology said that expensive wine somehow convinced the brain that the drink was more enjoyable. I...
- Getting richer with wineBetween December 2006 and September 2007, the Liv-Ex 100 wine index, which tracks the prices of a portfolio of investment-grade wines, has ...
- Mallya's UB eyes Taittinger group coThe UB group could look at acquiring California-based Domaine Carneros, that is part of Taittinger.
- Vintage wines get funky makeoverWould you drink a little Fat Bastard? Pour a glass of Marilyn Merlot? How about pulling out some Screw Kappa Nappa for that next college re...
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