Foster’s announced last month plans to sell 36 of its non-core vineyards as a part of its strategic wine review. The Winemakers Federation of Australia says the country faces a wine grape oversupply of about 20%. … JESS JACKSON’S KNIGHTS VALLEY WINERY and tasting room was approved earlier this week by the Sonoma County Board of Supervisors. Jackson Family Wines plans to operate a 5000-case winery in a restored facility that’s about 150 years old. …
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Wine & Spirits Daily: UBS Downgrades Pernod Due to Dwindling …