The French government will pay grape growers €109.8m to compensate them for uprooting 27,500 hectares of vineyards in response to an oversupply crisis. Last month, France’s agriculture ministry unveiled a plan to pull up 30,000 hectares in a bid to tackle a significant supply-demand imbalance.
LOS ANGELES, Nov. 19, 2024 /PRNewswire/ — California home sales rebounded in October, reversing two straight months of sales declines and registering the fastest year-over-year sales pace in 40 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said today.
As of last week, 491,450 people had submitted claims for a portion of the settlement in the Sitzer litigation, with six months left before a May 2025 deadline, according to a Wednesday filing by plaintiffs who asked a judge to grant final approval of the case that upended the real estate industry.
A return of B.R. Cohn music festivals. Leaning into “dog wine” marketing. These are some of the stated goals of buyers of wineries and brands purchased out of the California Wine Countryanchored company’s $400 million bankruptcy. Here’s what analysts think the company’s fall says and doesn’t say about the wine business as a whole.
Napa County is rezoning the 280-acre Hess Collection/Laird properties near American Canyon from agricultural to industrial, in part to help eventually pave the way for a planned Highway 29 parallel road. “This is a very integral part of connectivity in the south county,” said county Supervisor Belia Ramos, who represents the American Canyon area.
As wine sales drop and winery owners head for retirement, more properties are coming onto the market. But, experts tell Felicity Carter, expectations are unrealistic. The recent sale of Duckhorn Vineyards for $1.95bn to private equity firm Butterfly must be giving hope to people across California.