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Full report here (PDF) In 2021, Chardonnay continued to account for the largest percentage of the total tonnage crushed at 16.0%. Cabernet Sauvignon accounted for the second largest percentage of the total crush at 15.3%. Grapes produced in District 4 (Napa County) received the highest average price at $6,090.55 per ton, up 32.5% […]
Farm Credit West and the bankruptcy trustee in charge of the former Rabbit Ridge property have entered the final financial stages prior to the scheduled over-bid auction now scheduled for Feb. 15. The property was once owned by Rabbit Ridge Wine Sales owner and winemaker Erich Russell who lost the property after two bankruptcy […]
By Lewis Perdue Wine Industry Insight Publisher/Executive Editor and Chairman/Chief Scientist for the Center for Research on Environmental Chemicals in Humans In addition to masks, the Unified Wine and Grape Symposium has added additional set of safeguards for the exhibit hall. Scientific studies prove that the best option for personal safety and […]
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$11,500,000 $9,700,000 $4,300,000 ========== 25.5 million
Click here for more information. Previous Wine Industry Insight Articles on Rabbit Ridge Rabbit Ridge Winery Properties Set for Over-Bid Auction Riboli drilling test water wells for possible Rabbit Ridge Winery Purchase Simultaneously evicted and not. Is Rabbit Ridge the Schrödinger’s Cat of Wineries? Rabbit Ridge Winery Bankruptcy Trustee Hires Farm Operator for 2021 Harvest; […]
Bloomberg reported on Nov. 11 that Sycamore Partners was “Weighing $1 Billion Sale of Stag’s Leap Wine.” The Bloomberg article stated that, “Sycamore Partners is considering selling Stag’s Leap Wine Cellars for about $1 billion just one month after acquiring the label from Altria Group Inc., according to people with knowledge of the […]
Misleading? You decide: News Release: Winc Announces Pricing of Upsized IPO Market Watch: Wine Club Winc Set for Trading After Downsized IPO
While Riboli Paso Robles, LLC has taken the first steps to buy the Rabbit Ridge properties, bankruptcy rules require that an over-bid auction take place to assure maximum recovery to creditors on the sale. See previous Wine Industry Insight coverage below auction graphic. Previous Wine Industry Insight Articles on Rabbit Ridge Riboli […]
Disclosure: Lewis Perdue does not own or hold any stocks, securities or investments in wine, alcoholic beverages, food, hospitality or related companies. Wine club Winc — which postponed its October IPO — announced Tuesday it was planning to offer 1,538,462 shares of common stock at $12 and $14 per share, down from from […]