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Merrill Lynch Bullishness On Treasury May Be Wishful Thinking

Treasury Wine Estates has put the worst behind it with new leadership and “a strategic direction fully supported by the majority of its shareholder base,” according to a Nov. 6 analyst report from Bank of America/Merrill Lynch, which may be peppered with some wishful thinking. The new report opens with a “buy” rating and a […]

Vivino Wine App Total Investment Now Tops $12 Million

CORRECTION: The total raise, according to Vivino, is just over $12 million. News Fetch incorrectly counted the previously reported $10.3 million as a separate raise. Vivino has raised $ 12,218,729 from investors since June 26 of this year according to a Form D filed with the Securities and Exchange Commission yesterday, November 6. The form […]

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Crimson Wine Restates Erle Martin Departure, Gives Him $750K Severance

Crimson Wine Company (Nasdaq: CWGL) filed 8K, and 8K/A documents with the SEC today that revise its previous statement regarding the sudden departure of President and CEO Erle Martin. Among the documents was a severance agreement that included a $750,000 payment to Martin and a mutual release of legal liabilities between him and the company. […]

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Crimson Wine Group Announces Shakeup At The Top

In a tersely worded 8-K statement filed today with the Securities and Exchange Commission, Crimson Wine said that President and CEO Erle Martin “is no longer an employee.” No reason was stated, nor was there an indication of whether his departure was voluntary or not. According to the entire short statement, signed by Chief Financial […]

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HillWineCo: More Bulk Wine Discovered & Up For Grabs

IMPORTANT NOTE: Hill Family Estate as well as William Hill Estate Winery, are not affiliated with, nor owned by the same families as The Hill Wine Company in this and previous bankruptcy articles. Bankruptcy Trustee Lois I. Brady who is overseeing the Chapter 7 liquidation of Hill Wine Company has signed a deal with Appellation […]

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Mini-Interview: Billionaire Industrialist and Napa Vintner Kieu Huong In His Own Words

On October 3, Wine Executive News profiled the first Vietnamese-American billionaire, Kieu Hoang and his path from new immigrant to American citizen, successful pharmaceutical manufacturer, Napa Valley vintner and auction record-setter (Kieu Hoang: New Billionaire Winery Owner A Self-Made One-Man Conglomerate). Our curiosity prompted a follow-up request for information. The following 500-word interview is Mr. […]

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Harvey Posert: A Giant On Whose Shoulders Stood Many Successes

“Harvey Posert, Jr., an influential leader in the California wine industry for nearly 50 years, died October 3, 2014 at the age of 84 after a brief illness, with his three sons and their mother at his side.” Read more. Harvey Posert was a gentle giant with shoulders broad enough to support many successes. My story is […]

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Kieu Hoang: New Billionaire Winery Owner A Self-Made One-Man Conglomerate

Kieu Hoang and his namesake winery seem to have burst onto the wine scene from out of nowhere this year with a $240,000 winning bid on a Napa Valley Wine Auction lot on June 7. He trumped that minutes later by making a $1 million donation to the Fund-a-Need effort. This is the final stage […]

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Hill Wine Co: The Pink Bunny Of Wine Financial Disasters

IMPORTANT NOTE: Hill Family Estate as well as William Hill Estate Winery, are not affiliated with, nor owned by the same families as The Hill Wine Company in this and previous bankruptcy articles. Like the pink Eveready bunny of bankrupt wine companies, the Hill Wine Company soap opera just keeps on going and going and […]

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The Granbury Backer: Wine’s New Heavyweight Player

The backer behind the recent acquisitions of WineWare, eWinery Solutions and WineWeb is an über-savvy, successful, no-nonsense, straight-talking M&A and corporate turn-around player with a personal bankroll big enough to go eye-to-eye with Bill Foley. He earned big-time street cred while at Cerberus and since, has rolled through one success after another with a no-frills […]

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