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Vintage Wine Estates (VWE) has bought Mitsuko’s Vineyard from Clos Pegase founder Jan Shrem. A source close to the transaction said that when VWE bought Clos Pegase three years ago they had an option to purchase the Mitsuko Vineyard. Instead of buying it then, VWE leased it until September 15 when it paid $20 million […]
Vintners Supply of Santa Rosa — which supplied home and small winemakers — has closed its business and filed for Chapter 7 bankruptcy. 263 lots including a forklift, scales, pallet racking, fixtures, remaining filters, winemaking inventory and other assets will be sold at auction. Wine Executive News subscribers please click here to read the complete […]
NEWS RELEASE Case number 4 million placed by Southern Glazer’s Wine & Spirits NAPA, Calif. (October 25, 2016) – Delicato Family Vineyards announced today that Bota Box, the consumer-favorite eco-friendly wine producer of premium 3 and 1.5 liter bag-in-box and 500ml Tetra Pak wines, has reached another pivotal benchmark for the family-owned winery, by reaching […]
“Despite growing audiences on apps, the existing digital infrastructure makes it harder to build large audiences on apps than on the web. As evidenced, the mobile web has 4.5x more web properties with 5 million unique visitors than apps have, while also growing at a faster rate.” — http://www.comscore.com/
No, 2016 wine production did NOT drop 5% as headlined elsewhere. That might eventually be the case. Or it might not. But it has not happened so far. Because 2016 is not over. In a poorly written press release sent out yesterday, the OIV (Internationale Organisation du vigne et la vin) estimated that production might […]
Source: OIV via Wine Industry Insight analysis
Quick summary: Higher price segments (over $12) up double digits. $15-$19.99 leads all price segments, up 12.2%. Blended blush up 54%. Pinot Noir up 9.2 percent despite highest per-bottle price increase of all wines: $0.26. The average price of a bottle of wine is $7.03, up $0.19. Imports inch down 0.4%.. All blended reds and […]