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News Briefs for October 21, 2013

October 21, 2013

•Vinexpo has canceled its “Vinexpo in Beijing” show slated for next June after failing to secure a license for the event from the Chinese government. The group said in a statement that the move does not reflect a lack of interest and potential for the wine industry in China, and added that it would enhance its focus on its Hong Kong show scheduled for May. “In order to meet growing demand, Vinexpo has decided to extend the exhibition to two floors of the Hong Kong Convention and Exhibition Centre and offer 15,000 square meters (161,500 sq. ft) of stand area,” Vinexpo said, noting that stand-sales for the Hong Kong show are progressing ahead of previous years’ pace.

•One of Burgundy’s important players is expanding its holdings in the Côtes de Nuits. Domaine Faiveley has sealed an agreement to purchase Domaine Dupont-Tisserandot of Gevrey-Chambertin. The acquisition adds an additional 50 acres to Faiveley’s 25 acres in the commune of Gevrey, including parts of the grands crus Charmes-Chambertin, Mazis-Chambertin and Corton Rognet as well as premiers crus Lavaux St.-Jacques, Les Cazetiers and La Petite Chapelle. Faiveley now holds a total of 346 acres of vineyards throughout Burgundy’s Côte d’Or and Côte Chalonnaise. For the full story in Wine Spectator, click here.

•New York-based Cognac One is introducing two new wines from France’s Domaine du Raifault in the U.S. market, Chinon Cuvée Tradition ($17.99) and Chinon Clos du Villy Cuvée Prestige ($24.99). The Chinon-sourced duo are both made from Cabernet Franc, with production of 14,900 bottles for the Cuvée Tradition and 8,000 bottles for Clos du Villy Cuvée Prestige. Domaine du Raifault is owned by the Raffault family, which controls 28 hectares of vineyards spread across 25 plots in Savigny en Véron et Avoine, Beaumont en Véron and Chinon.

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