Tag: Silicon Valley Bank

Serial ADA Plaintiff in California Alleged to Be Feigning Blindness in Order to Sue: A Southern California law firm announced Wednesday that it has obtained footage of a frequent filer of suits under the Americans with Disabilities Act that allegedly shows he is not "legally blind" as he has maintained in hundreds of ADA lawsuits...

China Busts Largest Wine Smuggling Case in Recent History: According to Chinese language wine media WBO, a few Shanghai-based wine merchants including a China representative for a Bordeaux merchant “were asked to assist” an ongoing criminal investigation involving RMB 368 million (US$51.4 million) worth of smuggled wines...

TTB is considering rule changes that would require ingredients and nutritional information on wine labels. By Jeff Siegel The U.S. Alcohol and Tobacco Tax and Trade...

Petition Filed to Establish Pocket Peak AVA in Sonoma County: A collective group of Sonoma County winegrowers have filed a petition with the Alcohol and Tobacco Tax and Trade Bureau to establish a new Pocket Peak American Viticultural Area (AVA)...

Can Major Wine Markets in China Survive Its Worst COVID Resurgence?: China’s intense lockdown and curbs have shown immediate effects on the country’s lucrative wine market, especially in three of the affluent cities in Shanghai, Shenzhen and Dongguan that are engines for the country’s wine consumption, as the country holds on tight to its ‘zero-Covid policy’...

Rob McMillan is one of the top wine-business analysts in the United States and the author of Silicon Valley Bank’s highly regarded annual State of...

Winery Cleared of Mafia Money Laundering: The Trentino-based Mezzacorona wine group was acquitted of money laundering this week, after two years of investigation...

The New California Merlot Crisis: Northern California wineries that rely on Merlot for Bordeaux-style blends and varietal wines are struggling to secure enough high-quality grapes. What’s driving this shortage and what can be done to fix it?...

A Bottle of Wine Could Cost $5 More This Year as California Winemakers Grapple with a Glass Crisis: California winemakers are grappling with a glass crisis that has sent the price of bottles shooting up, raising fears that they'll have to increase costs for consumers...

—Jeff Siegel The good news for the wine business? Premium wine sales increased 21 percent in 2021, and another strong year will follow in 2022. The...

Following a Mixed Year for the US Wine Industry, Silicon Valley Bank Predicts Generational Shifts and Climate Change Will Be Turning Points for Wine Industry in Years Ahead: Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, today released its 2022 State of the Wine Industry Report. The 21st edition of the annual report assesses current conditions in the wine industry and provides a unique forecast for the year ahead based on proprietary research and economic and behavioral trends among consumers...

Joel Gott Wines Buys Napa's Historic Edge Hill Winery: Joel Gott Wines has purchased Napa’s historic Edge Hill property from Rudd Estate. The deal includes 25 acres, 6 of which are planted to a red field blend, as well as a retrofitted three-story stone winery built in 1867, existing inventory and the Edge Hill name...

Sonoma County Winemaking Club Hit with COVID Outbreak: By the time Dec. 11 rolled around, the Garage Enologists of Sonoma County were a bit starved for normalcy. The well-established amateur winemaking club had conducted most of its monthly meetings via Zoom since the start of the pandemic...

California Harvests Raise Optimism Levels: In central California AVAs, the later harvest is looking good – but they're not out of the woods yet...