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France has too much wine. SpecifIcally from Bordeaux and Languedoc. The reasons for this are myriad. Changing consumer habits. Lingering Covid over-supply. Spike in the cost of living, related to changing consumer habits as consumers are trading down to cheaper wines and even non-alcoholic drinks.
Flooding the already weakened market for French wine with more excess production would exacerbate the situation. The worst-case scenario is that prices continue to drop, a collapse the French government aims to prevent by assisting producers in finding alternative revenue streams. Consequently, French Agriculture Minister Marc Fesneau announced on Friday a government allocation of $200 million to pay producers for the destruction of surplus wine, distilling it into alcohol suitable for industrial use.
"As part of this endeavor, we will also be disposing of fanny packs or belt bags left behind by Americans over the summer," added Agriculture Minister Fesneau, addressing the surplus wine issue. With American travel to France, driven by the desire to escape Covid restrictions, now rebounding to pre-pandemic levels, lost and found bins across the country are overflowing with fanny packs.
Due to their retro appeal, fanny packs have been enjoying a revival in America, becoming a must-have accessory for American tourists visiting Europe and particularly France. Unfortunately, French charities do not share the renewed affinity for this accessory. They decline to accept the bags that have been left behind due to their association with American companies that have checkered pasts. For instance, park and garden officials in Nice amassed a significant number of FTX fanny packs. FTX, once a high-flying crypto exchange, and its management are currently facing a litany of fraud charges. Similarly, in Monaco, stacks of Silicon Valley Bank belt bags reached the ceiling in a remote corner of a police sub-station. Silicon Valley Bank had to be bailed out by the Federal government after being exposed for overleveraging.
While not all the fanny packs have disreputable associations, the French charities explained that they were successful in handing out the ones stamped with 'Roll Tide' below the zippers.
For a wine like Snoop Dogg's Cali Red Blend to be commercially viable it needs to taste the same year after year.
The story begins in 2013 when Brazilian billionaire André Esteves and a group of investors took the reins of Argiano, a historic winery in Montalcino, from Countess Noemi Marone Cinzano and winemaker Hans Vinding-Diers. This change in ownership marked a strategic shift back to the roots of Brunello winemaking, fueled by a commitment to tradition and excellence.
The wine industry has undergone a remarkable transformation over the past two decades, with the emergence of the online wine shipping market playing a pivotal role. This evolution has brought unprecedented convenience to wine enthusiasts, changing the way we discover, purchase, and enjoy our favorite wines. In this blog, we'll explore inflection points, market capitalization, and forecast for the future of the online wine shipping industry.
So, you've heard it all before: Cabernet Sauvignon, the undisputed ruler of American vineyards and the wine world.
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Ownership details of the Trump Winery have undergone some changes over the years. According to legal notices on the winery's website, it suggests that the business is now Eric Trump's personal project, operating under the name "Eric Trump Wine Manufacturing LLC."
Meghan Markle's passion for fine wine is no secret, and one of her all-time favorites was Antinori's Tignanello. Tignanello is a highly regarded Italian red wine, known for its rich and complex flavors, and it served as a precursor to the Super Tuscan wines. Meghan's love for this wine went beyond the palate; it became a symbol of her appreciation for luxury, such as owning a personal helicopter like Piero Antinori, the patriarch of Marchesi Antinori and the maker of Tignanello.
But what made the Cabrera gift stand out was how it diverged from the norm of players often being gifted Rolex watches from teams and teammates. But Cabrera plays for the Tigers so it is likely that his team will be gifting the legend something more befitting of his stature in baseball history. As for the bottle of Caymus he likely left in the opposing team's dugout after the game, here's hoping it finds its way back to the individual in the Athletics' front office who hatched this brilliance.
