Heineken, the world's third largest brewer, reported lower than expected increases in beer volumes and revenue on Thursday.» Read More
Growth within the beer industry depends on an 'equation' of factors which are more present in developing markets than in Europe and the US, Heineken CEO Jean Francois van Boxmeer told CNBC after the beer firm posted disappointing first half results.
"We have low trading levels, and low consumer confidence, particularly in the Northern Hemisphere. We have had a lot of positive developments in the developing part of the world - if we think about Asia, the Middle East and Africa, these markets are very strong, and that compensates a lot," Jean-Francois van Boxmeer, CEO of Heineken, told CNBC.
When a heat wave grips the nation, “temperature management” becomes an issue for anyone looking to stay comfortable. But when your business involves shipping heat-sensitive items, it takes on a whole new meaning. The recent surge in temperatures across the country has many Wine.com customers opting to delay shipments of their wine purchases.
CNBC's Jane Wells reports the outlook for the multi-billion dollar wine industry may not be too sweet this year and Mother Nature may be to blame.
It appears 2011 won't be a stellar year for California wine, reports CNBC's Jane Wells.
I am in Napa Valley today. Indulge me as I gloat. Remember I had to report from a Wyoming buffalo ranch last winter in—10-degree weather. I got pig manure on my boots in Iowa last month. So...I feel I kinda earned this.
CNBC's Jane Wells has the details on how cooler temperatures could result in a smaller crop harvest.
On the surface, it looks like just another bottle of wine with a label thrown on it to try to get it to sell. But the Luke Donald Collection, named after the world's number one golfer, is anything but.
Earlier this month Moët Hennessy became the latest French winemaker to announce a Chinese joint venture, this time to produce sparkling wine in the remote north-western Ningxia, but some wine experts believe the world is not quite ready for Asian wine.
When JoAnn Stear opened Eaton Hill Winery in the 1980s, she was among the pioneers of Washington's modern wine industry. But when the 82-year-old decided to retire, she found how difficult it is to sell and get out of an industry she helped to establish in the Northwest.
Taking stock of beer earnings from Molson Coors, Kirin and Hieneken, while liquor brands like Pernod Rocard are being hit by higher costs, reports CNBC's Kayla Tausche.
So where do the big names in the culinary world flock? To the hot scene at Miami's South Beach, where they attend the annual South Beach Wine and Food festival (SOBE).
Since the adult industry doesn't offer retirement packages, Cindy Taylor, along with her husband and two business partners, has launched her own line of tequila, dubbed Diosa (Spanish for 'Goddess'.)
Around the world, people’s relationship with alcohol varies greatly. In some places it is a point of national identity, in others it has become detrimental to a country's overall health.
Ray Isle, Executive Wine Editor of Food & Wine, discusses the status of 2009 and 2010 Champagne business.
$230,000 can buy you a brand new Ferrari Italia or a two-week stay at the Ritz in Paris. Instead, a private Asian bidder at a recent Sotheby's fine-wine auction in Hong Kong chose to spend it on a bottle of Bordeaux. The sale gave the 1869 Chateau Lafite vintage instant headlines and the distinction of the most expensive bottle of wine in the world.
Once reviled, Japan's koshu grapes could soon deserve a place among the world’s fine white-wine grapes as local producers change their winemaking practices. The NYT reports.
Fine wine now coming out of well-known regions in France is some of the best yet, experts say, and with so much good wine hitting the market, prices will be pushed lower, making it an opportune time to buy.
A strong rebound from the global recession and the elimination of wine-import taxes is driving the boom. “It’s unstoppable," says one local wine consultant.
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