Americans Are Thirsty for the New Zealand Wine Business
Winespectator.com/.- As sales grow, investors are seeing potential and buying into Kiwi wineries. Wine lovers in the United States are drinking more New Zealand wines than ever, with double-digit annual percentage increases in the value of imports for the past five straight years. As demand increases, investors are also developing a taste for Kiwi wine. Recent acquisitions in the New Zealand wine market by two U.S.-based major players—Foley Family Wines and Terroir Selections—signal an increasing confidence in the wines’ future. New…