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Home » Archives by category » Featured Articles (Page 69)

Off-Premise Sales Continue Modest Gains, But $20+ Soars 18.5%

Wines selling for more than $20 per 750ml bottle soared 18.5 percent for the four-week period ending July 24 according to scanner data from The Nielsen Company. Overall sales were up 2.8 percent with U.S. wines gaining 4.1 percent and imports off slightly, down 0.6 percent. The original analysis, interpretation and custom calculations performed by […]

August 16, 2010 | Filed under Featured Articles | Read More

Renwood Group, Lender Spar Over Canceled Trademarks, License Deals

While TLA and Renwood Group (the parent company of Renwood Winery and Renwood Vineyard Properties) have crossed swords for months over the production of documents by both sides, court documents indicate that TLA’s request for a court-appointed trustee grew most urgent when it says it suspected that all three Renwood companies “were engaging in a […]

August 3, 2010 | Filed under Featured Articles | Read More

Bankruptcy Trustee To Examine Renwood Group Finances

Sacramento CPA David D. Flemmer has been approved by the U.S. Bankruptcy Court for the Eastern District of California as U.S. Trustee to oversee Renwood Group’s bankruptcy reorganization. In addition, Judge Robert S. Bardwil has also approved Flemmer’s request for a Rule 2005 examination. Renwood Group (Group) owns 96 percent of Amador County-based Renwood Winery […]

August 3, 2010 | Filed under Featured Articles | Read More

Rabobank’s Food & Agribusiness Research Releases Q2 2010 Wine Quarterly.

Rabobank’s Food & Agribusiness Research and Advisory has released its Q2 2010 edition of the Rabobank Wine Quarterly. Highlights: Global wine trade is showing signs of improvement compared to 2H 2009. Improved sales and the light crop in the Southern Hemisphere may help ease some of the recent global oversupply issues, but it will not […]

July 23, 2010 | Filed under Featured Articles | Read More

Cosentino Running Out of Last Chances? Growers Head For Court, MCOZ Stock Suspended Again

Cosentino Winery may be running out of second, third — and even fourth — chances if a new volley of grower litigation is any indication. In addition the winery’s parent company — Cosentino Signature Wines (LSE/AIM: MCOZ) has voluntarily suspended trading in its shares on the AIM (The London Stock Exchange’s Small Cap market) because, […]

July 15, 2010 | Filed under Featured Articles | Read More

Discounting Drives US Sales Up 3.6%, Imports Slide, $20+ Wines Still Lead

Wines selling for more than $20 per 750ml bottle continued to lead dollar volume increases for the four-week period ending June 26 according to scanner data from The Nielsen Company. Overall sales were up 2.2 percent with U.S. wines gaining 3.6 percent and imports sliding, down 1.3 percent domestic. A decrease in the average price […]

July 12, 2010 | Filed under Featured Articles | Read More

Jackson Confirms WII Article: Winemaking To Cease At Arrowood Winery

UPDATE, JULY 12 — Jackson Family Enterprises spokesperson Caroline Shaw did finally return someone’s phone call to confirm the article we wrote on Saturday. According to WineBusiness.Com, Shaw told WineBusiness.Com, “We continue to right-size the company.” Wine Industry Insight feels it may suffer a collective myocardial infarction if Shaw ever returns one of our phone […]

July 10, 2010 | Filed under Featured Articles | Read More

News Alert: Sutter Home Confirmed as Buyer Of Havens Winery Property

Wine Industry Insight has confirmed through real estate records that Sutter Home Winery has purchased the real estate of the former Havens Wine Cellars from Entertainment Properties Trust (NYSE: EPR). The $6.5 million transaction, which closed on June 15, for $6.5 million, was first reported June 14 in EPR’s 8K filing with the Securities and […]

June 23, 2010 | Filed under Featured Articles | Read More

Up To 30% Of Calif Wineries Can’t Legally Buy Grapes

Up to 30 percent of California wineries lack the legal authority to purchase wine grapes according to data from the California Department of Alcoholic Beverage Control (ABC) and the Market Enforcement Branch (MEB) of the California Department of Food and Agriculture (CDFA). WINEGRAPE PURCHASES ILLEGAL WITHOUT A PROCESSOR LICENSE Established in 1932, the MEB licenses […]

June 15, 2010 | Filed under Featured Articles | Read More

US Sales Up 5.9%, Imports Flat, $20+ Wines Still Lead Way

Wines selling for more than $20 per 750ml bottle posted a 13.9 percent gain for the four-week period ending May29, helping to drive overall domestic wine sales up 5.9 percent according to scanner data from The Nielsen Company. Import sales were flat, losing a small fraction of a percentage point. The original analysis, interpretation and […]

June 15, 2010 | Filed under Featured Articles | Read More