Crossword Genius

North American, European tucked into wine with new label (7)

Ross

I believe the answer is:

renamed

'with new label' is the definition.

'north american european tucked into wine' is the wordplay.
'north' becomes 'N' (synonyms).
'american' becomes 'Am' (abbreviation in some contexts).
'european' becomes 'E' (abbreviation e.g. EU).
'tucked into' means one lot of letters goes inside another.
'wine' becomes 'red' (red is a type of wine).
'n'+'am'+'e'='name'
'name' going inside 'red' is 'RENAMED'.

(Another definition for renamed that I've seen is " Meander (anag)".)

I've seen this clue in The Everyman puzzle in The Observer.
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