Vintage International Ltd director banned for wine investment scam

    Ofosuhene Ofori-Duah, the sole director of wine investment firm Vintage International Ltd (Vintage), has been banned from being a UK company director for 9 years. An investigation by the Insolvency Service’s Company Investigations Team found that he caused ‘Vintage to trade with undue risk to its clients’.

    3 readers - By Decanter

    World's highest wine launch takes place on Mount Ararat

    The world's highest wine launch took place last weekend, August 8, on the peak of Mount Ararat in eastern Turkey. Winemaker Zorik Gharibian launching Yeraz on Mount Ararat (Image: Hakob Houhannisyan) At a height of 5,137 metres, Zorik Gharibian winemaker at Armenia’s Zorah Wines launched their new cru wine, Yeraz.

    3 readers - By Decanter

    Naples Winter Wine Festival announces 2015 lineup

    Organisers of the Naples Winter Wine Festival have unveiled the lineup for January's charity wine auction event taking place in Naples, Florida, which includes a host of world-renowned winemakers. The event will see 41 top wine names participating in the festival with famed Italian winemaker Marchese Piero Antinori selected as the event’s Honored Vintner.

    6 readers - By Decanter

    Encarta Fine Wines Ltd enters liquidation

    Wine investment company, Encarta Fine Wines Ltd, has gone into liquidation with sums due to creditors estimated at between £3.5 to £3.8 million. The creditors’ meeting, held today in Bexleyheath, London, confirmed Encarta has stock valued at around £1.7 million held at London City Bond, which is estimated to realise about £1.3 million if sold.

    By Decanter

    Treasury Wine Estates facing billion-dollar bidding war

    Penfolds and Rosemount owner Treasury Wine Estates could soon be at the centre of a bidding war after attracting a second offer to buy the company. Following the A$3.4bn joint bid by private equity groups Kohlberg Kravis Roberts (KKR) and Rhône Capital last week, the company said another unnamed ‘global private equity investor’ had matched the bid, which values Treasury at A$5.20 a share.

    19 readers - By Decanter

    Wine fraudster Rudy Kurniawan sentenced to 10 years in prison

    Federal district judge Richard Berman also ordered Kurniawan to pay $28.4m to victims of his fine wine scam, after prosecutors spent recent weeks working to identify Kurniawan fakes in collectors' cellars. That is on top of the $20m that Kurniawan - also known as Mr 47 and Dr Conti - must forfeit to the court.

    15 readers - By Decanter

    Russia considers restricting EU wine imports in response to sanctions

    Russia may restrict wine imports from the European Union in a sign that winemakers are becoming embroiled in heightened political tension between the two sides. Esse vineyard in Crimea A spokesperson for Russian president Vladimir Putin has said officials will meet on 20 August to consider restricting the flow of wines from the EU.

    15 readers - By Decanter

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