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The Nielsen Company’s off-premise sales data in four week increments from April 5, 2008 to March 6, 2010 offer a quick glimpse of the U.S. wine industry’s slow recovery from the Great Recession. VIP Subscribers click here to read the complete, un-redacted article. (VIP users can click for a larger image)
A series of legal and financial setbacks has led Eos Estates to announce that it intends to file for Chapter 11 Bankruptcy, according to the 8K document filed by The Saint James Company (STJCE) with the Securities and Exchange Commission at approximately 2 p.m.(PDT) today. Saint James announced in the same filing that its stock […]
Today’s bargain basement sale of the White Hills Vineyard by the Foster’s Group Ltd., has rattled players in the Central Coast vineyard market and sent them scrambling to figure out what it means for vineyard values. The sale comes as part of the Foster’s Group’s spinoff of “non-strategic” properties as reported by Wine Industry Insight […]
The star-crossed purchase of Eos Estates by The Saint James Company — a self-professed penny stock shell which had no assets before the acquisition — appears uncannily similar to the 360 Global/Viansa debacle, this according to public records and extensive interviews with attorneys, industry executives as well as financial and securities experts. See related Wine […]
Eos Estate Winery and Vineyards in Paso Robles has been on the brink of collapse for months and is desperate for new investment to avoid bankruptcy, according to a lawsuit filed late Monday in San Francisco County Superior Court. Eos is part of a portfolio of brands owned by Sapphire Wines, LLC which was sold […]
Despite a challenging 2009, Entertainment Properties Trust (NYSE: EPR) — a major player in wine-related sales/leasebacks — declared exactly the same Q1 dividend this year as it did in 2009: $0.65 per common share for shareholders of record on March 31. Preferred stock dividends also equaled 2009’s. Details here. EPR maintained its shareholder dividends despite […]
California’s 2009 wine-type grape acreage is estimated at 531,000 acres. according to the 2009 California Grape Acreage Report, 2009 Summary released. Of the total acres, 489,000 were bearing and 42,000 were non-bearing. And while the leading wine-type varieties continued to be Chardonnay and Cabernet Sauvignon, the percentage of non-bearing acres are among the smallest in […]
Consumers may be pulling out of the Great Recession and beginning to “trade up” with domestic brands receiving most of the benefits. According to scanner data from The Nielsen Company, higher price segments mostly dominated growth in dollar volume with the 20+ segment gaining most. The original analysis, interpretation and custom calculations performed by Wine […]
The following response to Wine Industry Insight’s March 25 article was received from E&J Gallo on March 26 from Susan Hensley, Vice President of Public Relations, E&J Gallo Winery. WII: Will E.&. J. Gallo be recalling the 2008 Red Bicyclette Pinot Noir from retailers? EJG: “No, the French courts investigation did not bring into question […]
Despite French court convictions more than a month ago, Red Bicyclette’s 2008 “Pinot Noir” remains on store shelves throughout California with no substantiation that the wine in the bottle is what the label professes. Wine Industry Insight asked an E. & J. Gallo spokesman on March 22 if the company planned to recall the wine. […]