Richard Woodard

1 week ago | moneyweek.com | Richard Woodard

Many luxury products can be considered a Veblen good – one for which, counterintuitively, demand intensifies even as prices rise. But wine enjoys another attribute that is harder to replicate among, say, watches or cars – its inherent scarcity increases over time, simply because people drink it.

3 weeks ago | decanter.com | Richard Woodard

Historic South African wine estate Klein Constantia is marking its 340th anniversary with a limited, long-aged bottling of its emblematic Vin de Constance sweet wine from the 2010 vintage. Sourced from a harvest not previously earmarked for release, the 2010 edition was matured in cask for nearly 15 years. Some 4,500 bottles will be released globally, with a UK RRP of £140 per 50cl bottle.

3 weeks ago | drinks-intel.com | Richard Woodard

Whiskey brand owners in the US and Ireland report a mixed 2024, with headwinds in mature markets and more promising trends in emerging destinationsThe premiumisation trend is far from dead, but is evolving in tune with the times, according to American whiskey brand ownersProducers continue to balance the demands of domestic and overseas markets, refusing to be deterred by short-term volatilityIrish whiskey's annual exports surpassed EUR1bn (US$1.1bn) for the first time in 2024, despite a...

1 month ago | thedrinksbusiness.com | Richard Woodard

Conditions in the fine wine market remain generally challenging, but a sizeable increase in trading of red Burgundy at Bordeaux Index in the first quarter of 2025 offers some glimmers of hope for the future. Richard Woodard reports. It’s no secret that the past two or three years have been highly challenging for the global fine wine market, beset by post-pandemic macroeconomic challenges and the uncertainty prompted by geopolitical tensions.

1 month ago | thedrinksbusiness.com | Richard Woodard

Terrazas de los Andes has explored progressively higher altitudes in the winery’s quest for a fresher flavour profile, culminating in the creation of the Moët Hennessy-owned bodega’s remarkable Extremo Malbec. But Terrazas is also bullish about the prospects for Chardonnay, as Richard Woodard discovers. Terrazas de los Andes’ newly unveiled icon wine, Extremo Malbec, is well-named, and for more than one reason.