Wines made from Müller-Thurgau grapes of Germany - Page 10

Livio Mazzarello, 62, was found guilty of money laundering and evading excise duty and VAT on an ‘industrial scale’ in July 2017. He had been selling cases of wine under the counter for cash at The Italian Wine Company in Neasden, northwest London. This fraud allowed the company to dodge VAT and duty on millions of bottles of wine, which were sold wholesale to UK retailers. The total loss to HMRC, the UK’s tax authority, reached £46,579,257.32 between June 2008 and March 2013, according to court ...

The region’s trade share slumped to an historic low of 37.7% in 2021 after failing to keep pace with the broader market. It was the first time Bordeaux’s market share had ever fallen below 40%. At the time of writing, it has slipped to 32%, according to Liv-ex. The company divides its main index into a series of sub-indices. Over the past year, the Bordeaux sub-index increased by a modest 11.5%, compared to 43.8% for Burgundy and 51.2% for Champagne. The main challenger to Bordeaux’s throne is B ...

Crurated, which describes itself as a membership-based wine community, announced that it has raised $7.2m (£5.9m) from private investors. The group, founded in May 2021, said it will use the funds to ‘further evolve the technology platform, expand producer partnerships beyond France and Italy, and increase overall market share across the globe’. Alfonso de Gaetano, Crurated’s founder, said that around 50% of the fresh funding came from existing investors, alongside commitments from new backers. ...