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Wine Advocate’s Robert Parker Stepping Down as Editor

The Wine Advocate founder Robert Parker, whose 100-point rating system has served as an industry benchmark for decades, will step down as editor-in-chief of the newsletter after taking on three investors from Singapore.

Parker, 65, will remain chief executive officer and chairman of the Wine Advocate’s board, he said in a note to subscribers yesterday. Lisa Perrotti-Brown, who lives in Singapore, will take over as editor and a new office will be opened in the country, Parker said.