New York

Ex-Goldman Sachs worker charged with $1.2m wine theft

A former assistant to the vice president of US investment bank Goldman Sachs has been arrested on suspicion of stealing more than US$1.2 million worth of wine from his boss.

Southern Glazer’s fined $3.5m over ‘pay to play’ scheme

Miami-based wholesaler Southern Glazer's has been fined a record US$3.5 million for engaging in "pay to play" schemes to win business, with the violations uncovered by New York's State Liquor Authority described as "truly staggering” by one official.

New York canned cocktail bar comes to London

Canned cocktail bar Genuine Liquorette in New York’s Little Italy is to open a London outpost off Oxford Street this spring boasting self-service beer fridges.

Sotheby’s global wine sales hit US$64m

In a further sign of the health and robustness of the global fine wine auction market, Sotheby’s has said its sales total for the year was US$64 million.

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