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California’s 2020 wine grape acreage dropped 11.1% over 2019 for a total of 620,000 acres. Of the total grape acreage, 580,000 were bearing while 40,000 were non-bearing. This according to the latest USDA 2020 Grape Acreage Report (PDF) The leading wine-type varieties continued to be Chardonnay and Cabernet Sauvignon. Flame Seedless was the […]
NielsenIQ Beverage Alcohol Update Week ending March 13, 2021 Unless otherwise noted, data and insights below are for the week ending March 13, 2021, compared to the same week last year in NielsenIQ off premise channels. Wine Sparkling led growth in off-premise wine. Table wine declined by 12.4%, while sparkling wine grew by 18.2%. French […]
NEWS RELEASE – MARCH 19, 2020 SVB’S Annual Direct to Consumer Wine Survey now ends March 26th Click here to take the survey The deadline for completing the SVB’s Annual Direct to Consumer Wine Survey has been extended to March 26th at 11:59 p.m. PST. This final week will be your last chance to complete the […]
A SPAC — Special Purpose Acquisition Company (also known as a “blank check” company) — is a relatively simple concept…in theory: Form (and fund) a Sponsor entity to move the process forward. Create a NewCo (SPAC) whose sole purpose is to create a public shell. NewCo designed to do nothing but raise money and merge with […]
Crimson Wine Group will be restating “unreliable” financial results for three fiscal years ended December 31, 2017, 2018 and 2019 after an independent review is completed, according to the company’s SEC 8-K Report of Dec. 22, 2020 According to the 8-K, the reviews “relate to the allocation of costs to bulk wine inventory, […]
PROPOSITION 19: PROPERTY TAX AND ESTATE AND GIFT TAX ALERT By Robert M. Fanucci, J.D., Master of Laws (LL.M.) Taxation, New York University Gagen, McCoy, McMahon, Koss, Markowitz & Fanucci Although the passage of Proposition 19 creates some limited benefits by expanding property tax “portability” benefits that permit taxpayers over 55, victims of natural […]
Grand claims of a “magic bullet” require data to be credible otherwise, it’s just more marketing hype: Amorim Announces Enhancements to Eliminate Cork Taint. Amorim’s claims come with no proof. Where is the testing data from an independent third party that has tasted “n” number of corks which they were allowed to randomly […]
NEWS RELEASE – December 7, 2020 Andy Beckstoffer of Beckstoffer Vineyards today announced the restructuring of his family’s farming and vineyard operations, separating the farming operations from vineyard ownership. Beckstoffer Vineyards will continue to own all vineyards under the family trust. A new Corporation, Beckstoffer Vineyards Farming Services Company, will be formed to operate […]
CONSTELLATION BRANDS AND E. & J. GALLO SIGN AGREEMENT WITH FEDERAL TRADE COMMISSION STAFF RELATING TO CONSENT ORDER ON PENDING TRANSACTION; CONSTELLATION PROVIDES BUSINESS UPDATE FOR FISCAL 2021 VICTOR, N.Y., Nov. 9, 2020 – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it and E. & […]
NEWS RELEASE Ste. Michelle Wine Estates October 28, 2020 WOODINVILLE, Wash. – Ste. Michelle Wine Estates announces the retirement of Jim Mortensen, President and CEO, effective November 1, 2020. “The opportunity to work at Ste. Michelle Wine Estates was a wonderful privilege. I am immensely proud of the work this organization has accomplished,” […]
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Legacy Family Vineyard, Howell Mtn AVA – Ultra-Premium Organic Cab & Zin, Winery Potential, 2 residences. 33 acres + water.For more information, please click here to contact Robyn Bentley... April 14th, 2021BentleyAd-042121For more information, please click ad to contact Robyn Bentley... April 11th, 2021Winery and Vineyard Real Estate Market Rockin’ & Rollin’ in Southern Mendocino County and Northern Sonoma CountySpecial to Wine Industry Insight By Todd Sheppard, www.TEAMSHEP.com Disclosure: The author is a real estate agent... October 21st, 2019NEW REAL ESTATE COVERAGE: You’re only as far away from dirt as your next glass of wineGrowing up in a farming family, the household mantra to city folk was that, “You’re only as far... September 5th, 2017MORE REAL ESTATE |
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