Some of the oldest vines in Europe are on the slopes of Italy's Mount Etna, and they predate the 19th-century phylloxera infestation, which changed winemaking around the world. The age of the vines and the harsh conditions of the volcano make for some unusual red wines.
Bar Liberty owner Banjo Harris Plane has raised $2 million in funding for The Wine Gallery, an Australian startup that will use technology to curate wines for specific customers' tastes. The venture uses wine palate quizzes, ratings and feedback to provide wines that suit individual preferences.
US wine exports to China increased by 14% to $38.4 million in the first half of 2018, the Wine Institute reports, despite a new 15% tariff placed on US wines by the Chinese government in April. Last month, China threatened to impose an additional retaliatory 25% tariff on US wines.
Harry & David is expanding its marketing efforts and shifting the focus from print to digital to spur year-round sales. "The objective has gone from being very focused on our holiday business, which is what we were founded on, to becoming a source for everyday sharing and gifting," said Chief Marketing Officer Michelle Farabaugh.
The Conrad N. Hilton Foundation has paid $50 million to acquire the 10-acre Dole Food campus in Westlake Village, Calif. The fruit company will maintain a presence in the three-story building that has been its headquarters for more than two decades.
The Columbus City Schools district in Ohio used an Agriculture Department grant to buy a $100,000 apple-slicing machine that's expected to boost the district's purchase of local apples. The machine can slice two apples simultaneously, and it is aimed at boosting the appeal of healthy eating among the district's students.
More than half of the US population is female, yet women receive only a small percentage of total venture capital dollars. Some female business founders have seized opportunity by starting companies that focus on neglected areas of the market.
Four factors -- bias, work-life issues, lack of support and isolation -- may influence turnover rates among women in the business world, according to a NEW report. "Having a culture where conscious inclusion is embedded in it each and every day, each and every week, each and every month in every single email and every single meeting -- that's the key to success," said Sarah Alter, president and CEO of NEW.
The earnings gap between men and women has fallen, partly because men's earnings fell by 5%, after adjusting for inflation, between 1973 and 2017. Meanwhile, average earnings for women have climbed about $500 since 2010, data show.