Exclusive news and research on the wine, spirits and beer business

News Briefs for October 31, 2017

October 31, 2017

•Vinexpo has announced the dates for its 2019 event in Bordeaux and unveiled a new Paris showcase slated to launch in 2020. Vinexpo Bordeaux 2019 will be held May 13-16 at the Bordeaux exhibition center, a month earlier than in previous years. Meanwhile, the first Vinexpo Paris will take place January 13-15, 2020, at the Paris Convention Center. The launch of the new Paris event comes as part of an ongoing expansion drive for Vinexpo, which has branched out with its traveling Explorer show in recent years, as well as a New York event which is set to be held next March 5-6.

•French billionaire François Pinault, the owner of Bordeaux’s Château Latour and several other notable wine properties, is diving deeper into Burgundy. His holding company, Artémis Domaines, has sealed an agreement to purchase Clos de Tart, a coveted Burgundy grand cru in Morey-St.-Denis dating to the 12th century, from Burgundy’s Mommessin family. Pinault is just the fourth owner in the estate’s 900-year history. The announcement follows a bidding war between well-known names on France’s rich list, culminating in a price tag sources say is more than $230 million. Wine Spectator has the full story.

•Edrington Group’s Highland Park has officially unveiled Full Volume, a new single malt Scotch whisky aged in 100% ex-Bourbon casks. Distilled in 1999, the 47.2%-abv offering is characterized by notes of citrus, vanilla and light smoke and boxed in a music-inspired package, which features guitar amplifier imagery. Full Volume will be available throughout the U.S. starting in November, retail priced at around $100-$110 a 750-ml. Highland Park sold 19,000 nine-liter cases in the U.S. last year, according to Impact Databank.

•ImpEx Beverages is rolling out a Scotch whisky Advent calendar in the U.S. market. Each of the calendar’s 25 punch-out windows contains a 50-ml. bottle of Scotch whisky made from single casks from a variety of distilleries, some of which don’t release single malt under their own label. The final expression, to be opened on December 25, isn’t less than 30 years old. “The majority of the Scotch whiskies in this calendar have never been seen before and won’t be seen again,” said ImpEx president Sam Filmus. “They’re single-barrel expressions exclusive to our calendar.” The suggested retail price is $560. This is the calendar’s fourth edition but the first time it’s been available in the U.S. ImpEx is making limited quantities of the second, third and fourth editions available, with 100 units of the second and 200 units each for the third and fourth editions, allocated to California, Massachusetts, Illinois, Maryland, Delaware, Tennessee, Colorado and Washington, D.C.

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