Wine news May 23, 2014

Chilean wineries squeezed by high taxes and sluggish economy, reports

In Punch the rise and fall of the Champagne flute.

W. Blake Gray finds the best wines at Olive Garden, Red Lobster.

In Vinography a bottle of 1995 Rosé sells for $37,200.

In Wines and Vines vineyard sales rebound.

In Bloomberg, KKR's bid for Treasury Estates leaves door open for a higher bid.

Wine thief caught at George Clooney's Italian villa, reports The Drinks Business.

The Court of Master Sommeliers inducts five new members, reports Wine Enthusiast.