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The Market Enforcement Branch of the California Department of Food & Agriculture is investigating verified complaints from growers against five winegrape purchasers including Remy Cointreau USA. Please visit this Wine Industry Insight article for more information about the MEB and its role. Wine Executive News Subscribers (formerly VIP Premium Content) please click here to learn […]
Constellation Brands’ (NYSE: STZ) top two executives — Chairman Richard Sands and President and CEO Robert Sands — will split more than $25 million in cash and stock compensation according to the company’s current 8-K report filed April 5 with the Securities and Exchange Commission. (Click here for the entire report). Wine Executive News subscribers […]
Not as a brand, of course. There’s plenty of life in the Sebastiani name. But it looks increasingly as if Foley Family Wines is abandoning Sebastiani’s physical presence in Sonoma. Remember that Foley initially announced Sebastiani as the HQ of Foley Family Wines…. then abandoned the Sonoma corporate offices and moved to Chalk Hill in […]
The cheery PR spin about Buena Vista’s exit from its Carneros winery and vineyards hides a darker reality that its parent company, Ascentia Wine Estates, is struggling to stay alive. This, after three years of management fumbles and more than a year’s worth of unsuccessful attempts to sell Buena Vista and one more of the […]
The Wine Group Monday lost its second legal battle in the past year to sever its relationship with Ohio distributor Esber Beverage Company. Wine Executive News subscribers please click here to: read the complete, original, in-depth, 500-word article and get access to the relevant legal documents. Not a Wine Executive News subscriber yet? Subscribe to […]
NEWS RELEASE LOUISVILLE, KY, March 1, 2011 – Brown-Forman Corporation (NYSE: BFA, BFB) announced today that the company has completed the strategic review of its Hopland, California-based wine assets. As a result, Brown-Forman has agreed to sell Fetzer Vineyards to Chilean wine producer Viña Concha y Toro S.A. for $238 million. Brown-Forman acquired Fetzer in […]
Discounting helped boost off-premise wine sales to modest gains in January according to scanner data from The Nielsen Company for the four-week period ending Feb 5, 2011. Wines costing more than $20 per 750ml, topped the off-premise sales. Overall sales were up 5.2% with U.S. wines gaining 6.4% and imports up 2.3%. Wine Executive News […]
The Wine Institute news release needs a bit more context than is provided. First of all, despite the California headline, these data are overall United States numbers. No actual California shipment data is included. The actual “record” increase is substantial, but not the giddy 25.6 percent touted. If one must tout a “record” then one […]
Havens Wine Cellars is back in business and will release their 2009 Oakville Appellation Cabernet Sauvignon at Premier Napa Valley on Feb. 26. Winery founder Michael Havens will not be associated with the new company. Aaron Pott, the former winemaker and General Manager of Quintessa Estate, is the consulting wine maker. The new venture is […]
These are the best, “high-altitude” overview of the 2010 Preliminary Crush Report. Tens of thousand of words of analysis from many experts will dissect all these and from that, hopefully meaning. Meanwhile, you can get .XLS files and/or .PDFs of the whole report by surfing over here. LEADING GRAPE VARIETIES AND DISTRICTS In 2010, Chardonnay […]