Little Orphan Winery: For Sale (Again! Still!)
Running through more tomorrows than Little Orphan Annie, Mobius-Painter Vineyard and Winery is for sale yet again. This after investor infighting and buyer equivocation sent two potential buyers heading for the hills, one of them leaving $300,000 on the table.
On its face, the 15-acre parcel of vacant land — owned by the Winery Disposition [...]
Higher Priced Wines Dominate Off-Premise
Again led by wines selling for more than $20 per 750ml, the four most expensive on-premise price segments all made substantial gains for the four-week period ending August 21 according to scanner data from The Nielsen Company. Overall sales were up 4.3 percent with U.S. wines gaining 5.2 percent [...]
Wine Group Sues Diageo Over Wine-Based Tea
The Wine Group (TWG) of Ripon, Calif., has sued Diageo PLC in U.S. District Court for the Northern District of California, alleging trademark infringement over Savannah Tea, a sweet, alcohol-spiked, iced-tea drink.
Diageo has until September 22 to respond to TWG’s complaint.
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Full TWG Legal Filing [...]
Clos Mimi Loses License To Buy Wine Grapes
Clos Mimi LLC, parent company of Clos Mimi Winery in Santa Maria, has lost its producers license following action by the Market Enforcement Branch of The California Department of Food and Agriculture.
The action was part of the MEB’s July, 2010 enforcement actions.
The action means that Clos Mimi Winery cannot legally buy winegrapes from growers.
From the [...]
Cosentino Financing Fails, Will Cease Custom Crush
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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 [...]
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 [...]
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 [...]
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 resolve the problem.
Oversupply [...]
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, [...]
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About The Editor
WII Editor Lewis Perdue
is a former Washington, D.C. investigative reporter and has written 20 published books. He founded Wine Business Insider in 1991 followed three years later by Wine Business Monthly. Both were sold in 1997, but remain the dominant trade publications for the North American wine business. In 1997 he became a correspondent for CBS Marketwatch and a columnist for The Street.Com. Later, he worked as a columnist for the Wall Street Journal Online before founding an Internet payments company which went public. He has also been a negociant and a wine importer/distributor. Click here for more on Lew.