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While neither the recession nor bargain-basement mania have run their course, Nielsen Company data from January shows a lot of life at higher price points. The news is good overall with all wines monitored by scanner data rising 5.1 percent for the four week period ending Feb. 6. That aggregated number, however, hides some interesting […]
Dinesh Maniar’s transfer of two Napa Valley Vineyard Properties to Diamond Oaks Vineyards shortly before its Chapter 11 filing was legitimate estate-planning and not fraud as alleged in an October 2009 bankruptcy court proceeding.
Cosentino Signature Enterprises LLC has had its processor’s license suspended for three months for failing to pay winegrape growers for fruit purchased from the 2008 vintage. The suspension begins March 1. The company, which owns Cosentino Winery among other brands, will not legally be able to purchase grapes until the end of May. Agatha D’Esterhazy, […]
Cosentino Winery’s legal, regulatory and financial hurdles continue to mount with: The VA Filtration trial which opened Feb. 18. Carpenter Ranch lawsuit scheduled for trial May 14. An imminent CDFA decision on whether or not to revoke its license to buy winegrapes. Two lawsuits by wine brokers claiming unpaid commissions. A major judgment obtained by […]
EDITOR’S NOTE: This is one of Wine Industry Insight’s longer articles. But even at more than 2,300 words, it is impossible to do more than touch on some of the more prominent aspects of this very complicated litigation. Because of this, we have included links to far more than the average number of full legal […]
California Field Office · P.O. Box 1258 · Sacramento, CA 95812 · (916) 498-5161 · www.nass.usda.gov/ca Media Contact: Kelly Krug, 1-800-851-1127 · February 10, 2010 SACRAMENTO – California’s 2009 crush totaled 4,089,160 tons, up 11 percent from the 2008 crush of 3,673,858 tons, and the second largest crush on record. The 2009 crush is 6 […]
Bill Harlan’s purchase of the Diamond Oaks Winery from Dinesh Maniar could be undone if a bankruptcy judge determines that the property belongs to the estate of other Maniar businesses currently in Chapter 11. Diamond Oaks Vineyards along with two other Maniar companies — SF-based Montgomery Realty Group and Southland Thoroughbred Farms in Riverside County […]
My review of Water; The Epic Struggle for Wealth, Power, and Civilization by Steven Solomon appeared in the Feb. 1, 2010 issue of Barrons. That review noted mistakes in the book, but the review ran long and the editors needed to cut a lot of the detail in order to fit the available space. The […]
Several investors in Inertia Beverage Group sent Wine Industry Insight the following email update they received from Ted Jansen, President and CEO. The email is being reproduced in its entirety with Jansen’s permission. Sent: Tuesday, January 26, 2010 Subject: IBG – Investor Status Update Dear Investor – The purpose of my note is two-fold – […]
Inertia Beverage Group (IBG) has closed on the $14 million funding round announced in December and should have the money in the bank Jan. 26, CEO Ted Jansen told Wine Industry Insight today. “It’s been a long tough series of months,” Jansen said, “so this is a good news day for us.” Jansen said the […]