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Price (in billions of US$) for Ste. Michelle Wines Estates, one of the largest wine companies in the U.S. Tobacco giant Altria announced this week they will be selling SMWE to the New York based private equity firm, Sycamore Partners Management. Altria says the sale will allow it to focus on non-tobacco products, such as non-combustible vaping devices. SMWE is best known for the brands Chateau Ste. Michelle and Columbia Crest.

Wines with a lot of acidity may taste fresh, but they do not age well.

Answer: False.

Just the opposite is the case: Wines that lack acidity do not age well. Acid is a natural preservative. For example, among the longest-lived white wines in the world are Champagne, Vouvray (Chenin Blanc from the Loire), and German Riesling—all of which are very high in acid. Acid also helps red wines age, although red wines tend to get most of their ageability from tannin, which is another natural preservative.

Two-Thirds Empty!

According to proprietary research from Veuve Clicquot, whose parent company is LVMH, Americans, on average, drink a mere 1/3 glass of Champagne per year. The bubbly beverage is still considered by most to be a… Continue reading

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