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Home » Archives by category » Featured Articles (Page 88)

Diageo Reorganization Combines Wine & Beer, Layoffs Light In Calif., Move To Save $141 Million Per Year

While Fosters saw separating wine from beer as the best economic move, Diageo North America (NYSE: DEO) has headed the other way, combining Diageo-Guinness USA and Diageo Chateau & Estate Wines. As part of a global look at restructuring, Diageo will also lay off 150 people in the United States and Canada, about 4 percent […]

March 5, 2009 | Filed under Featured Articles | Read More

New Finance For The Wine Biz: REIT Money Steps In As Banks Beg For Bailouts – CEO Talks Strategy, Deal Size, Type, Location

The wine industry’s largest player in sale/leaseback financing for wineries, and vineyards — Entertainment Properties Trust (NYSE: EPR) — is currently looking for more high-quality wine deals. EPR has made recent headlines with its pivotal roles in a number of major fine-wine transactions including Carneros Vintners, and Ascentia, in Sonoma County; EOS Estate in Paso […]

March 2, 2009 | Filed under Featured Articles | Read More

Mobius Painter, Part 3: Fraud & Conspiracy Charged, “White Knight” Foiled, Wilson Purchase Thwarted

$ VIP content. Please click “read more” and scroll down for details. Ten years, a winery in limbo, a dozen lawyers, battles in three courts, fraud, conspiracy, bankruptcy, no resolution. At stake: 15 acres in northern Sonoma Valley with a vested use permit for a 125,000-case winery, tasting room and events. “WHITE KNIGHT” SUES FOR […]

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

Study of UK Cancer-Moderate-Consumption Paper Shows Fundamental Flaws In Data, Sample Selection, Methodology

Even a cursory examination of “Moderate Alcohol Intake and Cancer Incidence in Women” (published in the Feb. 24 online issue of the Journal of the National Cancer Institute) reveals flawed methodology and other contradictions that call into question the validity of its conclusions. In the study, Naomi Allen, D.Phil., of the University of Oxford, U.K., […]

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

Flawed British Study & Factually Inaccurate Article Slam Women’s Moderate Consumption

A contextually and scientifically flawed British medical paper released on Feb. 24 could frighten women away from moderate alcohol consumption and — ironically — cause many of them to die prematurely of cardiovascular disease. The sensational article, based on the study “Even moderate drinking affects women’s cancer risks,” made global headlines by warning that: “Drinking […]

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

Fed Water Cutoff Could Blunt Obama Stimulus

The U.S. Bureau of Reclamation’s shut off of water to farmers in California’s Central Valley could blunt substantial parts of the Obama stimulus plan by: Raising food prices nationwide, Significantly increasing the estimated $1.15 billion dollars in California drought losses and, Throwing as many as 40,000 more people out of jobs. The Obama administration said […]

February 22, 2009 | Filed under Featured Articles | Read More

Copia Liquidation Settlement Faces Opposition

Copia has reached a liquidation settlement with its secured creditors, but faces stiff opposition from an organization which feels that a valuable litigation option has been overlooked. A hearing on the settlement has been set for 10 a.m., March 6. SETTLEMENT WOULD PAY EMPLOYEE, TAX CLAIMS PLUS 5% FOR UNSECURED CREDITORS The Bank of New […]

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

Foster’s Closing Templeton Winery, Shopping 5 Vineyards; Reorganizing Beringer & Taz Production

Foster’s Group Ltd. is selling five California vineyards, closing its Templeton, CA custom-crush facility and reorganizing winemaking operations for its Taz and Beringer brands. The California vineyard sales and winemaking shuffle are the most visible U.S. results of a review of operations begun in 2008. According to the Foster’s wine review report, the review was […]

February 18, 2009 | Filed under Featured Articles | Read More

2008 Crush: Merlot, Cabernet Sauvignon Crash; Chardonnay Off Slightly. Other Surprising Gains and Losses

UPDATE: Merlot drop added, 4:23 p.m. Tuesday. The 2008 California Crush Report shows some surprising losers and gainers with Merlot tonnage down 25.93 percent and Cabernet Sauvignon’s dropping 23.6-percent. Among the major varietals,  only Carignane dropped more, with a 49.2-percent decline. Syrah, Sangiovese, Nebbiolo, Petite Sirah and Zinfandel also declined. Chardonnay, the most popular white […]

February 10, 2009 | Filed under Featured Articles | Read More

2008 California Grape Crush= 3.054 Million Tons

California wineries crushed 3.054 million tons of grapes in 2008, according to the most recent Crush Report. The summary shows that while the crush is smaller than the astounding 2005 vintage, it remains larger than harvests in the mid- to late 19990s when supply and demand were more in balance and imports were about one-third […]

February 10, 2009 | Filed under Featured Articles | Read More