Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Instagram Outage Disrupts Thousands of U.S. Users 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
LONDON, April 16, 2018 -- In a country with a hot climate, minimal rainfall and a shortage of indigenous wine grapes, setting up a vineyard in Israel doesn’t necessarily scream “success story”. Psagot Winery, however, has overcome all these challenges to rejuvenate the ancient tradition of Israeli winemaking, thereby making it a true competitor against its Mediterranean rivals.
With a location near an excavated 2,000-year-old winery, Psagot Winery’s founder Yaakov Berg was keen to reawaken the ancient status that Israel once held. But due to a lack of indigenous grapes, he had to cultivate imported French varieties such as Cabernet Sauvignon, Merlot, Chardonnay and Sauvignon Blanc. The hard work eventually paid off, with a growing customer base worldwide. This year, moreover, Psagot Winery was included in the World Finance Fine Wine Report 2018 and received the award for Best Wine Producer in Israel, 2018.
The heat was particularly testing for Berg and his team of winemakers. In hot climates, sugar levels rise rapidly, so grapes that are collected at peak ripeness result in a high alcohol wine. While an early harvest produces a moderate alcohol level, the crop is not yet ripe enough. Fortunately, Berg found a solution – Psagot Winery picks crops multiple times a year in smaller batches in order to produce a balanced, elegant red wine.
Given that local consumers rarely drink the produce, and mainly use it for sacramental purposes instead, 65 percent of Psagot’s wine is exported. Now an established international player, Psagot Winery is focusing on its long-term plans of expanding its portfolio to include white wine and sparkling wine.
To find out more about Psagot Winery’s story, check out an exclusive article by Ya’acov Oryah, winemaker at Psagot Winery, in the latest edition of World Finance magazine, available in print, on tablet and online now:
World News Media is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.
CONTACT INFORMATION
World News Media
Elizabeth Matsangou
Editorial Department
+44 (0) 20 7553 4162
[email protected]
Psagot Winery
Eli Sales
[email protected]
