Friday, March 22, 2019
Home Tags Treasury Wine Estates

Tag: Treasury Wine Estates

Afternoon Brief, February 22

Roederer Buys Sonoma's Merry Edwards Winery: The Louis Roederer Champagne house has purchased Russian River Valley Pinot Noir specialist Merry Edwards Winery. The deal includes the brand and its inventory, as well as the winery and tasting room in Sebastopol and 79 acres spread over six vineyards...

Afternoon Brief, February 18

What's in a Name? AVA Overload: In a market jammed with producers desperate to stay (or become) relevant, winemakers are turning to the government in a desperate bid for desirability. Winemakers in the US and elsewhere are lining up to get the region in which they grow their grapes officially recognized...

Afternoon Brief, February 15

Italian Authorities Uncover Counterfeit Tignanello Wine Scheme: Italian authorities have arrested three suspects in a scheme to sell at least 11,000 counterfeit bottles of the legendary super Tuscan wine Antinori Toscana Tignanello in Italy, Germany and Belgium ...

Afternoon Brief, February 14

Treasury Wine Sees Revenue Jump 13% in First Half: Treasury Wine Estates (TWE) has revealed a strong set of numbers for its fiscal first half ended in December. Overall, the company posted a 13% revenue rise at constant currency to A$1.5 billion ($1.1b), while EBITS leapt 18% to A$338 million ($240m) ...

Afternoon Brief January 31

Wine and Sex Off the Millennial Menu The State of the Industry presentation Wednesday at the annual Unified Wine & Grape Symposium in Sacramento wasn't quite as gloomy as Silicon Valley Bank's dark take on the future two weeks earlier. Instead of "duck and cover", it was more motivational, as grapegrowers were encouraged to strap their boots on and fight for their future...

Afternoon Brief, January 25

Direct Sales Alters US Wine Market: In 2018, wineries shipped more than 6 million cases of wine, a nine percent increase over the previous year, according to Larry Cormier's presentation at the annual Direct to Consumer Wine Symposium held in Concord, California. Cormier is the general manager of the Colorado-based ShipCompliant/Sovos company, which gathers this data for presentation to the wine community each year...

Afternoon Brief, January 24

Rombauer Vineyards Acquires Renwood Winery Facility in Sierra Foothills: Rombauer Vineyards, one of Napa Valley's premier, family-owned wineries, today announced the purchase of the Renwood Winery facility in Amador County. The sale includes 20 acres of vineyards, the wine production facility, and the tasting room located at 12225 Steiner Road in Plymouth, California...

Afternoon Brief, January 22

Supreme Court's Wine-Regulation Case Focuses on Protectionism:

Afternoon Brief, January 21

US Government Shutdown Hits Wine Hard: The longest partial government shutdown in US history is a buzz-kill. And not just for the hundreds of thousands of federal workers who are missing their paychecks, but for the wine industry, which depends on a network of government entities to approve labels, imports and perform lab analysis...

Afternoon Brief, January 11

Napa County Hits The Prisoner Winery with Code Violation Notice: Napa County has told the new The Prisoner winery to stop selling art, stop selling jellies and jams and stop offering food services that the county says are comparable to those found at a restaurant or café...

Afternoon Brief, January 9

Constellation Brands Plunges Most in Six Years on Forecast Cut: Constellation Brands Inc., the alcohol giant betting big on the cannabis industry, plunged the most since 2013 after the company cut its profit outlook and indicated its beer business is slowing down...

Afternoon Brief, October 18

Constellation Brands Names Bill Newlands Next CEO: Constellation Brands, Inc., a leading beverage alcohol company, today announced Bill Newlands will assume the role of president and chief executive officer (CEO), succeeding current CEO Rob Sands, on March 1, 2019...

Afternoon Brief, September 20

Large Wineries Are Rejecting Smoke Exposed Lake and Mendocino County Grapes: Large wineries, most notably Constellation Brands and Treasury Wine Estates, are now exercising the option to skip a vintage with many growers. They've been rejecting a significant share of the wine grapes they source from...

Treasury Wine Estates Introduces Cavaliere d’Oro

New portfolio offers consumers accessible journey into the world of Italian wine Treasury Wine Estates (TWE) today announced the introduction of its new Italian wine...

Afternoon Brief, September 17

Consumers Trade Up, U.S. Wine Sales Rise 3%: Domestic wines gained ground in August, with Cabernet Sauvignon leading the way through both off-premise and direct-to-consumer channels. U.S. wine sales totaled $3.6 billion in August, up 3% from a year earlier according to market research...