Tag: Constellation Brands

Walla Walla Prison Project Nears Start Date - The co-owner of Walla Walla Vineyard Management told the drinks business that after final approval was granted, he intended to plant two hectares of Cabernet Sauvignon, Syrah and Malbec on a southeastern block of the prisons land in March 2020 ...

‘End of an Era’: Sonoma’s Ravenswood Tasting Room to Close: Longtime winemaker and founder of Ravenswood Winery Joel Peterson was packing up his office at Ravenswood when reached by phone on Thursday. He confirmed that rumors were true - the winerys Gehricke Road tasting room would be closing its doors next month after almost 30 years ...

Is Gallo Saving the Wine Industry? - Last week, E. & J. Gallo and Constellation Brands closed the deal for Gallo to purchase 30 of Constellations lower-end wine brands for $1.7 Billion ...

Betting on high-margin and high-growth sounds like a winning strategy, and Constellation’s stock rose on the morning after the announcement. But if Constellation was so eager to get rid of these brands, and consumer trends point toward premiumization, why would Gallo want to buy them?

How Jackson Family Wines’ Top Brass in Oregon Is Shaping the Willamette Valley’s Future: With Eugenia Keegan at the helm in Oregon, JFW is guiding the valley's evolution into an elite, luxury region. In return, the valley is doing the same for JFW...

Constellation Sells Budget Wine Brands to Gallo: In January, wine economist Mike Veseth told a crowd of winegrape growers and winery executives in Sacramento that if you want to know the future of the industry, follow Constellation Brands...

New Collective Brings Applied Research, Collaboration to Winemaking Community: Winemakers have been long been among the original experimenters; that is, those willing to employ trial and error methodologies and information gleaned from other colleagues to continually improve their vintages ...

Vineyard Lawsuit a Test for Napa: What is To Kalon? Is it a vineyard, or a fanciful name like The Prisoner? A 2003 lawsuit settlement led to an equivocal decision: it's both.

Constellation Brands May Sell Cheap Wine Brands to Gallo: Constellation Brands may sell off some of its lower-end wine brands to Gallo Winery, according to CNBC. The report comes after Constellation said last month that it may sell up to 40% of its wine brands because they are underperforming...

Big Vintners Face Challenges as Market Growth Slows: Shifting market conditions mean the wine industry needs to meet consumers where they're at, according to the latest data from market research firm Gomberg, Fredrikson & Associates...

The Maddening Business of Marketing to Millennials: "I do think Bordeaux is potentially losing a generation," argues NYC-based sommelier Cedric Nicaise. "The wines are expensive, seen as 'old' by many younger people and are not cool ...

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...

Constellation Brands to Discontinue 40% of Wine & Spirits Portfolio: This week at the Consumer Analyst Group of New York (CAGNY) Conference, Constellation Brands said that they expected to sell or discontinue up to 40% of their wine and spirits portfolio. Bill Newlands, president and COO, looked to reassure investors that the "best is yet to come."

Excess California Coastal Wine, Grapes Open New-Brand Opportunities, Heighten Marketing Expense: How big the 2018 North Coast wine grape harvest now won't be known for a couple more months, but it's become increasingly clear that banking the emerging wine business cycle will take different or revived tactics after years of steady consumer sales growth...