Spanish vineyards suffer from extreme weather. A time consuming and questionable investigation takes place in Texas. New York takes measures to boost its alcohol industry and Michelin joins the Wine Advocate. The news we’re thinking about here at SevenFifty Daily.

July 5, 2017
1. The Drinks Business

Spanish Vineyards Are In Danger From Drought

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.

2. Texas Tribune

Texas Liquor Agency Is Rebuked After Investigating Spec's

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 Seeks To Boost Alcohol Industry

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.

4. The Drinks Business

Michelin Acquires A Stake In The Wine Advocate

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.