FRANCE: Bordeaux growers get US$16m compensation
Bordeaux wine growers have so far received EUR12m (US$15.9m) in compensation for the voluntary removal of vines, the Conseil Interprofessionnel du Vin de Bordeaux (CIVB) has announced.
Around half the money came from the CIVB with the rest of the compensation coming from the European Union.
The CIVB is set to confirm that a further 1,178 hectares of vines were pulled up last year, bringing the possible total to 2,778 hectares, a far cry from the 10,000 hectares intended. The programme, which started in 2005, will run for a further 12 months.
"It is less than we aimed for, but what are seeing now is that instead of pulling up, growers are selling smaller businesses to larger ones," said Roland Feredj director of the CIVB.
The CIVB has also paid out EUR7.8m to compensate growers who distilled unwanted wine into industrial alcohol.
With interest surrounding the likely sale of Swedish spirits producer V&S Group growing by the day, there could be no better time to look at the company's flagship vodka brand Absolut and the opportun...
This week's announcement by UK legislators of the latest plan to tackle alcohol abuse in England is the clearest sign yet that the government is ready to tackle the problem head-on, regardless of the ...
Lower alcohol beverages (LABs) are a growing segment of the drinks market as consumer and government concern over alcohol consumption continues to mount. A new paper from the International Center for ...
The Distilled Spirits Council (DISCUS) has countered a recent attack on the drinks industry's approach to responsible drinking in the US....
The European Parliament has backed a compromise deal over excise duty rate....
The alcohol industry has come under fire from a pressure group for its alleged failure to invest enough in responsible drinking advertising in the US....
Dutch brewer Heineken is continuing to extend its presence in the US. The company said yesterday (21 June) that it had officially opened a Northeast regional business unit office in Stamford, Connecti...
Thailand's Alcohol Control Bill will not completely ban alcohol advertising, according to a vetting committee of the National Legislative Assembly....
- Comment - Heineken's 'No' Cuts SABMiller Options
- Irish whiskey eyes a slice of Scotch's global pie
- Scottish Independence and Scotch Whisky
- SABMiller spurned by Heineken: The start of the en
- Can the New World Learn a Lesson from the Old?
- Patron Spirits' Patron Citrónge Lime
- Heineken rejects SABMiller purchase proposal
- Wm Grant CMO to head Orangina Scweppes Int'l
- Diageo's Special Releases 2014
- SABMiller, Heineken silent on takeover offer talk