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Home » Archives by category » Featured Articles (Page 86)

Wine Brand Winners and Losers For March

Data from Information Resources Inc. (IRI) shows that the four-week period ending March 22 brutalized a host of well-known names, leaving such formerly hot brands as Robert Mondavi, Turning Leaf, Smoking Loon, Gallo Family Vineyards and Pepperwood Grove with dollar sales declines of 20 to 40 percent. On the positive side, Wine Industry Insight’s custom […]

April 13, 2009 | Filed under Featured Articles | Read More

Cosentino Defaults On Loan Interest, Says Current Banks Won’t ReFi

Napa Valley’s Cosentino Signature Wines said it is in talks with third parties over a refinancing of its $18 million debt facility after the company’s main lenders indicated that they were unlikely to be able to restructure the finance facilities. (Continued in VIP subscriber center.) Subscribe now, get this article and everything else on the […]

April 9, 2009 | Filed under Featured Articles | Read More

Feds Push California To Ban Russian River Water For Frost Protection

The National Marine Fisheries Service (NMFS)  has called for an immediate ban on the use of Russian River water for frost protection. In a recent letter to the California Water Resources Control Board (WRCB), NMFS official Steven A. Edmondson cited two 2008 fish kills as examples of why he feels emergency action is required. “Last […]

April 8, 2009 | Filed under Featured Articles | Read More

March Wine Sales Dive, Champagne Goes Splat, Reversing Two Months of Healthy Gains

After two months of spectacular gains, overall U.S. table wine sales plummeted in March, barely avoiding negative territory, according to Wine Industry Insight’s analysis of data from Information Resources Inc. Champagne and sparkling wines fared far worse, cratering into double-digit declines. (Continued in VIP subscriber center.) COMPLETE ARTICLE, FULL CHART, ORIGINAL SPREADSHEET AVAILABLE TO SUBSCRIBERS […]

April 8, 2009 | Filed under Featured Articles | Read More

Ten-Year Financial Saga of Mobius Painter Winery Coming An End

The ten-year saga of Mobius Painter Winery & Cellar (aka Winery Disposition Group) looks headed for closure, according to documents filed April 7 with the U.S. Bankruptcy Court for the Northern District of California. Judge Alan Jaroslovsky approved a plan that hinges on the sale of the proposed winery’s 15 acres of land in northern […]

April 7, 2009 | Filed under Featured Articles | Read More

Varietal Winners & Losers: 1.5L Pinot On Top, All Syrah On Bottom

Pinot Noir in 1.5-liter bottles topped the list of varietal sales winners with a 20.4 percent dollar sales increase for the four-week period ending Feb. 22. according to data from Information Resources Inc. (IRI) with additional analysis from Wine Industry Insight. Even more impressively, Sauv Blanc showed a 25.1 percent increase for the 52-week period. […]

April 1, 2009 | Filed under Featured Articles | Read More

Trustee Appointed For MC2/Conti/Charles B. Mitchell Bankruptcy

Bankruptcy Judge Michael S. McManus has ordered the United States Trustee to appoint a Chapter 11 trustee in the MC2/Conti/Charles B. Mitchell Bankruptcy. Generally, Trustees are appointed in a Chapter 11 case when the judge determines that the debtor’s management is unable to handle the reorganization. The hearing has been scheduled to continue at 11 […]

March 26, 2009 | Filed under Featured Articles | Read More

U.S. Trustee Charges Stevenot/Golden Eagle With “Gross Mismanagement” In Bankruptcy, Alleges Multiple Misdeeds

The current management of Stevenot/Golden Eagle Estates “has engaged in gross mismanagement” and should be placed under the care of a Chapter 11 Trustee, according to a court filing by U.S. Department of Justice attorneys [VIP Subscriber link]. MUNARI “SIPHONED” $841,522.90 FROM ACCOUNTS IN 2008 As first reported by Wine Industry Insight on Feb. 5, […]

March 25, 2009 | Filed under Featured Articles | Read More

Contis File Personal Bankruptcy, Bank Blasts “Sham”, Growers Get To Enforce Lien Against Winery

Michael and Michelle Conti, owners of the Conti Estate/Charles B. Mitchell Winery (dba MC2 Wines) filed a joint personal bankruptcy on March 17. In addition, the U.S. Bankruptcy Court for the Eastern District of California gave two growers permission to enforce their growers’ liens against the Contis’ insolvent winery in order to preserve collateral. JUDGE […]

March 23, 2009 | Filed under Featured Articles | Read More

Data Indicates That Wine IS Recession-Resistant & Out-Performs Economy

A joint analysis by IRI and Wine Industry Insight, examining data for the past four years, indicates that industry intuition is correct about wine being recession-resistant. Further, the data shows that wine sales, as measured by the monthly change in dollar sales, outperforms the Dow-Jones Industrial Average. [PLEASE NOTE: the rest of this article and […]

March 20, 2009 | Filed under Featured Articles | Read More