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Please see Wine Industry Insight’s previous coverage “Argentine Oil and Wine Magnate Buying Renwood Winery” for further details. The following is a company news release: Renowned South American Wine Investment Group adds California Producer to Portfolio August 4, 2011 (Plymouth, CA) – Ren Acquisition, Inc., a privately owned company chaired by Alejandro Pedro Bulgheroni, has […]
Saturday evening, I was privileged to see the American Dream come to life. I attended the kick-off celebration for the Napa Valley Mexican American Vintners Association (NVMAVA) at the Maldonado Vineyards in Calistoga and was proud and humble to shake the hands of people who have created a dream from hard work, sweat, dreams, hope, […]
Custom-crush winery Barrel Stop, which also produced its own wine under the Dominari label, filed for Chapter 11 Bankruptcy protection early today, July 28. The company had previously defaulted on its real-estate and equipment loans to Mechanics Bank and faced a foreclosure sale, also today. That sale was postponed by the Chapter 11 filing. Click […]
The Cartlidge and Browne Winery has been purchased by Vintage Wine Estates (VWE) according to VWE President Pat Roney. Roney would not comment on the sale price, but other sources close to the deal said that was was between $4 and $6 million. “We are pleased to have acquired such an important and well known […]
Goldin Financial Holdings (0530.HK) said in a company filing that it will pay $10 million for the trademarks and other intellectual property including the customer mailing list owned by Sloan Estate Winery: Sloan, Sloan Estate and Asterisk. Goldin previously purchased the winery and associated land and vineyards for $40 million. The company filing said it […]
The Market Enforcement Branch of the California Department of Food & Agriculture has acted against five vintners for licensing violations and grower payment improprieties. Please visit this Wine Industry Insight article for more information about the MEB and its role. Wine Executive News subscribers please click here to read the complete article. Also In This […]
The Nielsen Company’s current off-premise wine sales hold some encouraging news buried beneath the overall 5.3% increase in wine sales previously reported for the latest 4-week period. A deeper dive into the numbers shows that U.S. winemakers experienced a 7.4% increase in dollar volume as well as advances against imports. DOMESTIC PRICES RECOVER, IMPORTS STUMBLE […]
The $7 million purchase of Renwood Winery by a consortium led by Argentina’s richest billionaire was, as expected, approved yesterday by the bankruptcy court. For more information, please go to Wine Industry Insight’s previous coverage. Argentine Oil and Wine Magnate Buying Renwood Winery Bankruptcy Auction Of Renwood Winery Set For July 18
An Argentine investment group has agreed to buy Renwood Winery’s brand, inventory, winemaking machinery and other assets, but not the real estate. As previously reported by Wine Industry Insight, the bankrupt winery is scheduled to be sold at auction on July 18. Wine Executive News subscribers please click here to read the complete article. Also […]
Editor’s note: This is not the “small lifestyle winery” in Ione written about by SavvyTaste’s Mac McCarthy — Is Kent Rosenblum Buying A Winery?. Please scroll down for an index of Wine Industry Insight’s coverage of the Renwood bankruptcies dating to 2009. NEWS RELEASE An auction of the assets of Renwood Winery, located in the […]