Afternoon Brief, January 16
Millennials Still Missing as Fine-Wine Core Consumers, Says Silicon Valley Bank Report: Sales growth for U.S. wine is expected to remain in positive territory this year - better, for premium producers - but the industry needs to revamp its appeal to the next generations of core consumers else lose share of wallet to competing beverages and imported wines, according to a closely watched industry report released Wednesday evening...
Afternoon Brief, January 15
Buyers of BRAND Winery and Estate Vineyards Acquire a Gem on Famed Pritchard Hill: Jim Bean and Christine OSullivan are purchasing the BRAND winery and vineyards from owners Ed and Deb Fitts. The Brand estate is located atop Pritchard Hill, one of the most sought after locales in Napa Valley ...
Afternoon Brief, January 14
2019 San Francisco Chronicle Wine Competition Winners: The 2019 Chronicle Wine Competition Winners are in. Nine wines took home medals after they were chosen as the finest from a selection of over 6,800 wines that entered ...
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 10
Important Crush Report May Be Impacted by Government Shutdown: The ongoing federal government shutdown, which began Dec. 22, may soon affect a key program of great importance to winegrape growers. Thursday, Jan. 10 is the deadline for wineries to submit grape purchase data from the 2018 harvest to the U.S. Department of Agriculture's National Agricultural Statistics Service Pacific Region office...
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, January 8
Napa County Winery Permit Enforcement Deadline Spurs Scramble for Professionals: Napa County is undertaking a sizable effort this year to tighten enforcement of limits on how much local wineries can grow. But with less than three months until a deadline to file for permit modifications, there's growing concern among the small cadre of professionals usually tasked with such documentation about meeting the deadline...
Afternoon Brief, January 7
Organic Grape Growing Harms Vineyard Soil, Says a Consumer Advocacy Group: According to the pro-science consumer advocacy group, American Council on Science and Health (ACSH), organic wine may not be good for the earth-or at the very least, it's bad for the local vineyard soil...
Afternoon Brief, January 4
Constellation’s $3 Billion Wine Sale: What’s on the Block: Last fall, multiple reports surfaced that Constellation Brands is exploring a selloff of several wine labels among them Clos du Bois, Cooks, Arbor Mist, and Mark West as it looks to continue premiumizing its portfolio in line with market trends ...
Afternoon Brief, January 3
2019 U.S. Alcohol Consumption to Increase While Population Growth Stagnates: In an abstract titled, Alcohol Consumption in the United States: Past, Present, and Future Trends published in the Journal of Wine Economics Volume 13, Number 2, James Fogerty and Derby Voon examined ...
Afternoon Brief, January 2
The Hispanic Consumer Is Key to the Future of the Wine Industry: The growth of the Latino population in the United States is well documented and we know that it will continue to expand. This reality will provide opportunities for growth for many industries, notably in the food and beverage sector ...
Afternoon Brief, December 28
Highs and Lows for Wineries: The South Okanagan wine industry had a tough time with smoke and the threat of fires this summer, but still managed to have a successful year with new events and wineries joining the scene...
Afternoon Brief, December 27
U.S. Ambassador to Israel Was Tricked into Investing in an Israeli Winery, Lawsuit Alleges: The U.S. Ambassador to Israel David Friedman was presented with allegedly fraudulent documents when he agreed to invest $730,000 in an Israeli wine company, according to a lawsuit filed Wednesday to a Tel Aviv District Court...
Afternoon Brief, December 26
Beer, Spirits, & Wine - Packaged Imports Grow +8.3% by Value Over Last Twelve Months Through October 2018, Packaged Exports Decline -10.3%: Total beverage alcohol imports (including bulk and packaged) grew +7.7% by value over the last twelve months and grew +5.6% by value over the last three months...
Afternoon Brief, December 21
Indicators of a Buoyant 2019: Judging by the reports Im hearing, 2018 has been a good one for many. Nowhere is that more evident than in the corporate and company Christmas gifts that are appearing on the desks of many in the trade ...
