Another Napa wine icon is changing hands. Wine Spectator has learned that LVMH Moët Hennessy, the global wine and fashion titan, has signed a deal to purchase Joseph Phelps Vineyards. The agreement includes the brand, winery and inventory, and 500 acres of vines in Napa Valley and Sonoma County. Phelps produces approximately 60,000 cases of
Month: June 2022
American consumers have a thirst for bubbly. Sales of sparkling wine from numerous wine-producing regions continue to be one of the strongest-growing categories in the U.S. market. And while French Champagne and Italian Prosecco are well-known success stories, Spanish Cava emerged as a winner in 2021: Shipments to the United States skyrocketed, ending the year