14 Dec '12, 10am

Robert Parker found Singapore-based investors (or could be the other way 'round)

Robert Parker found Singapore-based investors (or could be the other way 'round)

Influential US wine critic Robert Parker is moving the headquarters of his newsletter to Singapore after selling a major stake to investors based in the city-state, a report said Tuesday. Robert Parker poses in Saint-Emilion, western France | Photo: ©AFP PHOTO PATRICK BERNARD Parker told the Wall Street Journal he intends to step down as editor-in-chief of The Wine Advocate and phase out its print edition, giving oversight to his Singapore-based Asia correspondent, Lisa Perrotti-Brown. "The Asian market has come of age in the last decade or so, and it would be unrealistic not to expect to be part of it," Parker said. He declined to name his new investors but described them as "young visionaries" in financial services and information technology based in Singapore who presented him with a plan he could not refuse, according to the report. "They love wine, but they also saw a...

Full article: http://www.hungrygowhere.com/dining-guide/new-and-updates...

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