Tag: SevenFifty
Afternoon Brief, December 11th
The California Wine Industry Is Facing Unprecedented Challenges, Causing Many Winery Owners to Consider Acquisitions: Consolidation is nothing new for the wine industry, but the pace of change has accelerated in recent years as interest rates have risen, costs of labor and supplies have jumped, and demand for wine has softened...
Afternoon Brief, December 8th
Additional Layoffs at Ste. Michelle Indicate On-Going Struggles: On December 6th, Ste. Michelle Wine Estates (SMWE), the largest winery in the Pacific Northwest, announced a substantial layoff. The layoffs impacted approximately 7% of the company’s staff...
Afternoon Brief, November 27th
‘Hundreds of Millions’ of Wine Labels to Be Destroyed: New European Commission guidelines concerning the labelling of wine bottles could result in a huge number of already printed labels being destroyed, according to the Comité Européen des Entreprises Vins (CEEV)...
Afternoon Brief, November 20th
Extreme Weather and Falling Demand Are Pushing Wineries into the Red: High input costs and declining consumption are adding to the woes of small, independent wineries...
Afternoon Brief, November 16th
The Duckhorn Portfolio Announces an Agreement to Acquire Sonoma-Cutrer Vineyards: The Duckhorn Portfolio, Inc. (NYSE: NAPA) (the “Company”) announced today that it has entered into a definitive agreement to acquire Sonoma-Cutrer Vineyards (“Sonoma-Cutrer”), one of the largest luxury Chardonnay wineries in the U.S., from Brown-Forman Corporation (“Brown-Forman”), for approximately $400 million to be paid in a combination of Company stock and cash...
Afternoon Brief, November 15th
Total Wine Asks US Court to Spurn ‘Alarming’ FTC Subpoena: National wine and spirits retailer Total Wine & More has asked a U.S. judge to deny a request for corporate records from the Federal Trade Commission, which is investigating the practices of one of the company's wholesalers.
Afternoon Brief, November 13th
Italian Watchdog Launches Wine Bottle Cartel Investigation: The Italian competition authority, the Autorità Garante della Concorrenza e del Mercato (AGCM), has launched an investigation into a possible cartel among manufacturers of wine bottles...
Afternoon Brief, November 2nd
North Coast’s Post-Harvest Gathering: WIN Expo’s 11th Year: At this year’s 11th annual Expo, attendees can catch up with colleagues, and learn about the newest methods, products and challenges that our industry faces along with the most innovative solutions designed to tackle them...
Afternoon Brief, October 31st
Treasury Wine Estates Announces Historic Acquisition of DAOU Vineyards: In a groundbreaking move poised to transform the Paso Robles region and the wine industry at large, Treasury Wine Estates proudly unveils its agreement to acquire DAOU Vineyards, renowned as the fastest-growing luxury wine brand in the United States, for an impressive price tag of $1 billion...
Afternoon Brief, October 26th
Washington State University's Sensor-Laden Chardonnay Block Collects Data for AI Scientists and Offers Demonstrations for Growers: Automating vineyard irrigation requires a network of sensors, solar panels, wires and data loggers that can be at risk of run-ins with equipment. That’s one of the first lessons the engineers learned at Washington State University’s Smart Vineyard demo farm in Prosser...
Afternoon Brief, October 24th
Providing ingredient and nutrition labeling for wine and other alcoholic beverages has not traditionally been required by federal law in the United States...
Afternoon Brief, October 18th
A New Report Sheds Light on Millennial and Gen Z Drinking Behaviors: Where have all the younger drinkers gone? It’s the question that everyone who works with beverage alcohol has been asking themselves...
Afternoon Brief, October 16th
Bordeaux Arrests Made for Employing Under-Age Harvest Worker: Seven people have been arrested for allegedly exploiting migrant harvest workers, including an under age child, in Bordeaux...
Afternoon Brief, October 13th
Celebrating its 30th anniversary, the Unified Wine & Grape Symposium will open its registration and housing on Tuesday, October 17, at 9 a.m. PDT...
Afternoon Brief, October 12th
Staff Shortages Continue to Bite in the Wine Trade: Almost half (45%) of companies in the wine trade have been impacted by staff shortages in the last two years, with wine producers worst affected due to the seasonality of jobs such as picking...
