The Hospices de Beaune Wine Auction – a weekend not to be missed!

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From 17-19 November, come join the party in Beaune for the 157th Hospices de Beaune Wine Auction. Although the actual sale is reserved for potential buyers, the general public can watch the proceedings in the street on a giant screen. And plenty of tastings are organized in the surrounding streets. Over the weekend, the city of Beaune is filled with shows and concerts. Local restaurants often offer special menus for the event, making for a truly magical occasion, and one definitely not to be missed!

From the Bourgogne Wine Board (BIVB)
https://www.bourgogne-wines.com/news/the-hospices-de-beaune-wine-auction-a-weekend-not-to-be-missed,2536,10366.html?&args=Y29tcF9pZD0xODY3JmFjdGlvbj12aWV3RGV0YWlsJmlkPTE3MyZ8

 

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Family Frey bought Château Corton-André (in French)

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Caroline Frey, qui préside déjà à la destiné du Château La Lagune dans le bordelais et de la maison Paul Jaboulet Ainé dans la vallé du Rhône, va désormais diriger aussi une grande maison de Bourgogne, le mythique Château Corton-André que sa famille vient de racheter.
La présence de la famille Frey dans le domaine viticole remonte à ses origines champenoises. Elle détient un important vignoble dans les plus beaux crus de la Champagne ainsi qu’une participation au sein de la prestigieuse maison Billecart-Salmon. Deux autres joyaux complètent le patrimoine familial constitué au fil des années par Jean-Jacques Frey : à Bordeaux, le Château La Lagune, 3e grand cru classé 1855 et, dans la vallée du Rhône, les Domaines Paul Jaboulet Ainé, dont le fameux hermitage La Chapelle s’inscrit au panthéon des plus grands vins du monde.
Caroline, la fille ainée de Jean-Jacques Frey signe à Bordeaux comme dans la vallée du Rhône des vins de haut niveau, dans un souci permanent de qualité et de respect des terroirs.
En rachetant au groupe Béjot le Château de Corton-André (fraîchement acquis auprès du groupe Ballande et Meneret), la famille Frey arrive en Bourgogne en restant fidèle à ses valeurs d’excellence. Le Château de Corton André est emblèmatique du vignoble bourguignon. Son architecture et ses magnifiques tuiles vernissées surplombent les vignes d’Aloxe-Corton et il dispose d’un clos ainsi que d’un vignoble de sept hectares dans les prestigieuses appellations de Corton, Corton-Charlemagne, Meursault, Volnay, Pommard…
Entre un château particulièrement représentatif et des terroirs d’exception, Caroline dispose d’un joli potentiel pour vinifier de grands vins.

An article from Le Dauphine
http://www.ledauphine.com/drome/2014/08/27/tain-bourgogne-la-famille-frey-reprend-le-chateau-corton-andre

Pernod to invest in Chivas Regal to rebuild brand in China

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Pernod Ricard plans to invest more money in Chivas Regal to rebuild the blended Scotch whisky brand in China after admitting the company “made mistakes”
Speaking at a roundtable meeting in London (5 September), Laurent Lacassagne, Chivas Brothers CEO, opened up about “mistakes” made by the French drinks group when it came to Scotch whisky in China – particularly with the Chivas Regal brand.
In its latest full-year results, Pernod announced a 3% organic sales decline for Chivas Regal globally, with volume sales down 2%.
“We made some mistakes. But the whisky market in China is starting to rebuild itself,” said Lacassagne. “We believe we have the foundations to bring back brand growth in the China market.
“We will focus on China with [Chivas Regal] Extra, which currently launched on 1 September in China. We have started to significantly invest in the brand from this year. We are working in the right way.
“We are adding a new platform with sport. We believe sport is relevant for our target audience. Our target sport in China is the NBA, which is starting this autumn.”

An article from The Spirits Business by Melita Kiely
https://www.thespiritsbusiness.com/2017/09/pernod-to-invest-in-chivas-regal-to-rebuild-brand-in-china/

Sister City Marlborough Visit to Ningxia

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Marlborough Mayor John Leggett leaves for China at the end of the week to sign a formal sister-region agreement with China’s wine-growing region Ningxia.
As president of the Marlborough District Brass Band, Mr Leggett will also be an official guest at the opening ceremony of the Shanghai Tourism Festival at which the Marlborough band has been invited to perform.
In the last 18 months there have been a series of exchange visits between Marlborough and Ningxia, the aim of the relationship building is to open up educational and wine industry opportunities for the two regions.
The reciprocal visits at regional government level have led to the first Ningxia-based winemaker spending a vintage in Marlborough, the first group of Ningxia students visiting Marlborough Boys’ and Girls’ colleges and the first six Ningxia students enrolling on a viticulture and winemaking degree at NMIT. The earlier exchanges have also led to Marlborough-based wine technology businesses securing contracts with Chinese customers.
Mayor John Leggett says the next step is to formalise the relationship with a region to region agreement.
“We’ve been through the preliminary steps and now we have an understanding of what each region hopes to achieve from this relationship,” he said.
“They are in the position that Marlborough was in 30 years ago when grapes were a relatively new crop here but they recognise that Marlborough is now one of the world’s leading wine regions and that a great deal of knowledge and expertise resides here,” said Mr Leggett.
There is great opportunity to expand the education and training delivered through our secondary schools and tertiary institute, he said.
The Marlborough delegation will include three members of Marlborough’s Sister City Committee, Alistair Sowman, Lily Stuart and Cathie Bell. They will be joined by winemakers Richard O’Donnell and Dave Tyney, who operates as a winemaking consultant in Ningxia for part of the year, and by Ningxia-based education agent Kiki Chenshu. Mayoress Anne Best will join the visit at her own expense. The delegation will be in China from 3 -10 September.
Mr Leggett says he is particularly pleased the sister city business coincided with the Marlborough District Brass Band’s international exposure.
“It’s a great accolade for our brass band to be selected for this event. I sometimes wonder if Marlborough people realise the premiere status of our brass musicians. This event draws about ten million people over the course of a week and the Marlborough brass band members are the only New Zealanders who will be giving a performance so I will be very proud to be there to support them.”

An article from Marlborough District Council
https://www.marlborough.govt.nz/your-council/latest-news-notices-and-media-releases/media-releases?item=id:1z3pkzutv17q9sftqow5

New Zealand wine exports reaches record value

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The export value of New Zealand wine has reached a record high according to the 2017 annual report of New Zealand Winegrowers.
It has now been valued at $1.66bn, up +6% in June year end 2017, and is New Zealand’s fifth largest goods export.
Over the past two decades the wine industry has achieved average annual export growth of +17% a year according to the Report.
“With diversified markets and a strong upward trajectory, the industry is in good shape to achieve $2bn of exports by 2020,” said Steve Green, chair of New Zealand Winegrowers.
According to the report, exports to the US have lead the strong growth, passing $500m for the first time (up +12%). New Zealand wine became the third most valuable wine import into the US, behind France and Italy.
Green highlighted that in order to achieve continuing value growth, it is critical for the industry to maintain focus on protecting and enhancing its reputation as a distinctive, quality product.
“Our premium reputation remains the greatest collective asset for New Zealand wine, and underlies the high average price our wine commands in global trade,” added Green.
“Improved protection of New Zealand’s regional identities through its Geographical Indications Registration Act, and initiatives such as the launch of the Sustainable Winegrowing New Zealand Continuous Improvement extension programme will help enhance the world-class reputation of New Zealand wine as a premium and sustainable product.”

An article from Drinks International by Shay Waterworth
http://drinksint.com/news/fullstory.php/aid/7332/New_Zealand_wine_exports_reaches_record_value.html

Pernod FY profit up 13% as China bounces back

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Pernod Ricard’s net profit totalled €1.39 billion (US$1.65bn) in 2016/17, driven by a return to sales growth in China, a strong performance from its international brands, and tight cost control management.
In the French group’s full financial year ending 30 June, sales grew by 3.6% organically – without the impact of currencies and acquisitions – to reach €9.01bn (US$107.1bn).
Pernod, maker of Jameson and Chivas Regal, credited the acceleration in part to the performance its Strategic International Brands, which were up by 4% on the previous year.
The group highlighted a return to growth for Cognac brand Martell and vodka brand Absolut, up by 6% and 2% respectively.
Geographically, improvements were driven by the US, Eastern Europe, Global Travel Retail and China – which returned to sales growth for the first time since 2013.
Meanwhile the Americas region grew by 7%, Europe was up by 3% and Asia-Rest of World enjoyed a 1% sales boost.
A third of the group’s growth was driven by innovation – new products or line extensions of existing brands.
In January, the group introduced a lime variant for Absolut, and launched caviar-infused vodka brand, L’Orbe in March.
Pernod Ricard continued to actively manage its portfolio in 2016/17, acquiring majority stakes in Smooth Ambler, and Del Maguey, and disposing of vodka brand Frïs, brandy and sherry business Domecq, and the Glenallachie distillery. The firm also acquired a majority stake in Corby Spirit & Wine, owner of the Ungava gin brand.
Fourth quarter sales rose by 3% organically and 5% on a reported basis – taking into account the impact of exchange rates and acquisitions – “broadly consistent” with underlying trends.
Alexandre Ricard, chairman and chief executive officer, said: “FY17 was a strong year, delivering profit from recurring operations in line with guidance together with an excellent cash performance.
“These results demonstrate that the strategic direction the Group adopted two years ago is delivering: growth is accelerating and diversifying through successful activation of our strategy.”
Looking ahead, he said Pernod will continue to implement its roadmap, focusing on digital, innovation and operational excellence.
“We are confident that we will continue improving our business performance. As a consequence, our guidance for FY18 is organic growth in profit from recurring operations between +3% and +5%,” he added.

An article from The Spirits Business by Annie Hayes
https://www.thespiritsbusiness.com/2017/08/pernod-fy-profits-up-13-as-china-bounces-back/

Daejeon International Wine and Spirits Fair starts tomorrow

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Daejeon International Wine and Spirits Fair. The Asia Wine Buyers Conference is a platform for renowned wine experts from all over the world to gather to talk.

More details: 
http://www.djwinefair.com/attach/2017_DaejeonWinefair_Brochure_KOR.pdf
https://www.wsetglobal.com/news-events/events/2017-events/2017-08-26-asia-wine-buyers-conference-daejeon-intl-wines-spirits-fair/