Reservoirs across Spain are at their lowest point since 1995 and rainfall is at half of the historic average. The soaring temperatures combined with the damage from late spring frost means a very uncertain year for Spanish winemakers.
The Texas Alcoholic Beverage Commission (TABC) recently attempted to revoke permits for all 164 of the company’s stores or fine Spec’s up to $713 million. When Texas judges looked into the matter they found that the TABC had not done their due diligence and the issue at hand was a possible late payment of an invoice multiple years prior.
New York is working to boost the alcohol industry with several changes to state law. It is expected that soon there will not be sales tax on tastings at breweries, cideries, and distilleries as well as looser rules on wine ice cream purchases and the ability for distilleries to sell wine, beer, and cider by the glass.
Michelin, publisher of the iconic restaurant guides, has acquired a 40% stake in Robert Parker’s The Wine Advocate for an unknown sum. The collaboration will initially focus on Asia and North America.