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Taking a millionaire to court carries its own set of problems, but when the defendant is financier and winery owner William R. (Bill) Hambrecht, winning is only the start of the battle. Trying to collect the monetary judgement awarded by the court may be even harder. This lesson has been brought home to five parties […]
Bank of America has rated Silicon Valley Bank (Nasdaq: SIVB) at the top of its “Buy” list of three banks its analysts have begun following. The other two are Iberiabank Corp (Nasdaq: IBKC) and Texas Capital Bankshares (Nasdaq: TCBI) “SIVB is our Top Pick among the Buy rated names. We believe valuations have further room […]
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William Hambrecht — whose personal financial issues complicated the Truett-Hurst (Nasdaq-THST) IPO, will not stand for re-election to the THST Board of Directors. An 8-K SEC filing made by Truett-Hurst stated today that: ‘On September 30, 2013, William R. Hambrecht notified the Board of Directors (the “Board”) of Truett-Hurst, Inc. (the “Company”) that he will […]
The question is not who wants to buy Beringer — the prime mover in Treasury Wine Estates’ U.S. operation — but who doesn’t. While hints of a Beringer sale have been drifting in the wind for months (some sources say, years) a frenzy of current emails has swamped Wine Industry Insight’s email inbox and indicates […]
Secaucus, NJ-based Vision Wine & Spirits, owner of the GR8!!! trademark … … has filed a lawsuit against Novato, CA-based Winery Exchange which sells GR8RW… … and charged them with federal trademark infringement as well as federal and state unfair competition. Wine Executive News subscribers please click here to read the complete article. Also In […]
Vintage Wine Estates is expected to close on the purchase of Viansa Winery this week, according to multiple sources knowledgeable about the transaction. The sale price and more details are available to Wine Executive News premium subscribers. The troubled winery — more famous for wedding events, family problems and feuds with its neighbors than its […]
NEWS RELEASE Received by Wine Industry Insight at 8:50 a.m.today Wasco-Based Producer of Grafted Grapevine Rootstocks Joins Company’s Wine Portfolio Los Angeles, August 16, 2013 – Roll Global, LLC, today announced the acquisition of Vintage Nurseries, LLC, a Wasco, California-based producer of grafted grapevine rootstocks for the wine grape, table grape and raisin markets. “Roll […]
Citi’s recent analyst report on Treasury Wine Estates (TWE.AX) is inaccurate and its recommendations in doubt because its foundation data was sloppy and incomplete. What’s more, the best data available indicates that California could reach over-supply conditions by 2017. As Fearmongering In The Vineyard stated, the Citi study’s shrill, apocalyptic vision of impending doom from […]
Crimson Wine Group revenues for the past six months have increased 25.18% over the same period in 2013, producing a net income of $2.212 million versus a loss of just over half a million dollars last year. According to the company’s quarterly 10-Q statement filed with the Securities and Exchange Commission, this resulted in six-month […]