Foley Snaps Up 70% of Kuleto Estate Winery
The Wine Spectator has reported that, “Foley Family Wines is buying a controlling interest in Kuleto Estate, the Napa Valley winery owned by restaurateur Pat Kuleto. The deal, which will give Foley a 70 percent share in the brand, winery, inventory and part of the vineyard, is expected to close next week.”
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Purple/Sonoma Wine Company Inks Deal With Cartlidge and Brown/Greenfield
Purple/Sonoma Wine Company has signed a long term lease for the Napa County production facility owned by the Greenfield Wine Company (dba Cartlidge & Browne Winery), according to sources close to the transaction. The ownership of the building has not changed. An official announcement is expected Monday.
Greenfield Wine Company will lease back a [...]
Brown-Forman Schedules Financial Conference Call
Brown-Forman Corporation will release its financial results for the third quarter of fiscal 2009 on March 10 by 8:00 a.m. (EST).
The company will host a conference call to discuss the results at 9:30 a.m. (EDT) that same morning.
All interested parties in the U.S. are invited to join the conference call by dialing 888-624-9285 and asking [...]
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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 FRAUD, CONSPIRACY IN [...]
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., and [...]
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 just a [...]
U.S. Exports Up, Imports Down But Not Out
U.S. wine exports edged over the $1 billion mark in 2008, but still trail imports which the Department of Commerce estimates at $4.5 billion — approximately 30 percent of the American market.
According to a California Wine Institute press release, total American imports hit $1,008,259,000 in 2008, a six percent increase over 2008. Volume increased 8 [...]
States Loosening Alcohol Sales Rules To Increase Tax Revenues
The Associated Press is reporting that a number of states are considering looser restrictions on alcohol sales in order to increase tax revenues.
“In Utah, and across the country, governors and lawmakers faced with budget deficits are advocating loosening laws that restrict alcohol consumption in the hopes of boosting tax revenues.
In Georgia, Connecticut, Indiana, Texas, Alabama [...]
Korbel Hunting Down Craigslist Critics
The Santa Rosa Press-Democrat reported this morning that “Korbel Champagne Cellars will ask a Sonoma County judge next week to make Comcast Corp. identify Internet users who criticized the wine company in a Web forum.
“It’s the latest twist in a case that could test the limits of free speech on the Internet.
“Korbel [...]
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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.